Intel has reported better-than-expected financial results for the second quarter, surpassing revenue estimates while also facing significant restructuring costs. The company’s earnings demonstrate mixed results—strong sales driven by increased PC demand contrasted with growing losses as Intel reorganizes its operations. Despite the positive earnings report, which has led to a stock price increase, Intel is preparing to make substantial cuts to its workforce and foundry investments as part of its turnaround strategy. Analysts emphasize the need for a clear path to profitability for CEO Pat Gelsinger as the company navigates competitive pressures and adjusts its operations.