Intel (INTC) reported Q2 earnings that beat analyst estimates across key metrics, including an adjusted EPS of $0.42 versus the estimated $0.21 and revenue of $16.13 billion against the expected $14.43 billion. The company also issued Q3 guidance with forecasted adjusted EPS of $0.38 and revenue ranging between $15.8 billion and $16.8 billion. The author expects the company's foundry segment to turn positive by Q2 of next year, estimating over 45% quarter-over-quarter revenue growth from that point.