Intel Raises Forecast Amid Robust Chip Sales

Personal-computer and data-center markets fuel demand; profit surges 42%

Intel Corp. overcame its challenges in meeting red-hot demand for computer chips, posting 19% growth in revenue and signaling Thursday another strong quarter ahead.

The chip maker’s profit surged 42% despite the company facing a raft of obstacles, including delays rolling out a new generation of more densely packed processors, as well as its continuing search for a chief executive after Brian Krzanich left abruptly in June.

Intel...