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Intel's stock soars 20% as results top estimates, with chipmaker showing signs of growth

Intel reported first-quarter earnings Thursday that blew past Wall Street's expectations, as the struggling chipmaker shows signs of a revival.

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. The chipmaker has been championed by the Trump administration, which turned the U.S. government into the largest shareholder last year as part of an effort to bring chip manufacturing stateside. Nvidia and SoftBank also invested billions in Intel.

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.

Intel stock soars on Q1 earnings beat, strong outlook

Intel (INTC) stock rocketed more than 16% higher in after-hours trading following a first quarter earnings report that beat analysts’ expectations on the top and bottom lines and provided better-than-anticipated Q2 guidance on strong data center sales.

Intel said it expects revenue of between $13.8 billion and $14.8 billion for the second quarter. Wall Street was anticipating $13.03 billion.

For Q1, Intel saw adjusted earnings per share (EPS) of $0.29 on revenue of $13.6 billion. Wall Street was anticipating EPS of $0.01 and revenue of $12.36 billion, according to Bloomberg analyst consensus data.

The company saw EPS of $0.13 and revenue of $12.67 billion in the same quarter last year.

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