Intel's 2026 Q1 Results Beat Estimates and Q2 Revenue Outlook Drive Stock Surge
Intel's first-quarter 2026 revenue of approximately $13.6 billion beat market expectations, and its adjusted earnings per share beat expectations. It expects second-quarter revenue to be in the range of 13.8 billion to 14.8 billion, outperforming expectations, and revenue guidance is significantly upgraded. The company's AI-focused CPU drives revenue growth, and the market is optimistic about growth in demand for its AI server chips. Shares are up 9% after the bell, up more than 21% before the bell, and soaring more than 30%. Several institutions immediately raised the target price of Intel.