The cumulative increase of both companies exceeded 10%. The direct reasons for this round of surge have their own emphasis: for Intel, in addition to the revenue and earnings per share that greatly exceeded expectations, the most exciting thing in the market is that its foundry business successfully won the 14A process cooperation of Tesla's Terafab AI chip complex, while the data center and AI departments recorded a strong growth of 22%.
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.
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