In this paper the performance of the Intel iPSC/2 hypercube multiprocessor is analyzed. Computation and communication performance for a number of benchmarks are presented. We derive some fundamental performance parameters of the machine. Further, we investigate the difference between several communication schemes. Using the results of our measurements we can highlight some features and peculiarities in the iPSC/2 hardware and software. Where possible we make a comparison with the iPSC/1 and Ncube hypercubes.