Business · CNBC Technology
Intel's stock climbs 20% as results top estimates, with chipmaker showing signs of growth
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Intel reported first-quarter earnings Thursday that blew past Wall Street's expectations, as the struggling chipmaker shows signs of a revival.
Key facts
- Intel said it expects second-quarter revenue between $13.8 billion and $14.8 billion, and adjusted earnings per share of 20 cents
- Intel has been a Wall Street darling of late, with its stock up more than 80% this year as of Thursday's close, after soaring 84% in 2025
- Foundry revenue at Intel rose 16% from a year go to $5.4 billion, though much of its foundry business consists of making its own chips
- Intel's Core Ultra Series 3 processor started selling in PCs in January, while its newest Xeon 6+ data center processors hit the market in March
Summary
Shares of the U.S. chipmaker jumped 20% in after-hours trading. Here's how the company did, compared with estimates from analysts polled by LSEG:. Intel has been a Wall Street darling of late, with its stock up more than 80% this year as of Thursday's close, after soaring 84% in 2025. But the business, which fell way behind rivals Nvidia and Advanced Micro Devices during the early stages of the artificial intelligence boom, hasn't been seeing much momentum.