Revenue was $14.8 billion in the quarter, up 9 percent from $13.5 billion a year ago.

“Q2 was an outstanding quarter with revenue and profits growing double digits over last year,” said Brian Krzanich, Intel CEO, in a statement.

With industry-leading products and strong first-half results, we’re on a clear path to another record year.”

The good results will likely give investors a sense of relief about the world’s largest chip maker, which faces competition from Qualcomm in mobile, artificial intelligence from Nvidia, and core PC microprocessors from Advanced Micro Devices, which launched its speedy Ryzen desktop processors and its Epyc server processors during the past quarter.

The competition from AMD will be closely watched, as AMD also reported a good quarter and will likely generate more revenue in the coming quarters from recent launches.

AMD’s Ryzen and Epyc processors are based on its advanced Zen processor architecture.

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