The computer behemoth reported $85.8 billion (£67.3 billion) in revenue for the three months ending June 30, up 5% year on year, marking a return to growth following a dip at the start of 2024.
The revelation came after the three major US stock indexes closed lower, and investors sold off large companies, including Amazon, in after-hours trading.
Intel shares fell more than 19% as the chipmaker responded to a sales slowdown with a cost-cutting plan that included the elimination of more than 15,000 jobs.
Amazon shares fell more than 4% after the company reported a 10% increase in sales to $148 billion.
That was a downturn from the previous quarter, and it forecasts further weakness in the coming months, putting pressure on margins even as the company speeds up spending in areas like artificial intelligence (AI).
Overall, the Dow Jones Industrial Average was down 1.2%, the S&P 500 fell nearly 1.4%, and the Nasdaq fell 2.3%.
On Friday, markets in Asia also fell. Japan’s Nikkei was the most-hit major index, closing down 5.8% for the day.
