Intel Shares Surge as AI Server Demand Lifts Revenue and Outlook
Intel shares surged after the chipmaker reported first-quarter revenue of $13.6 billion, up 7% from a year earlier, as booming demand for AI server processors and Xeon server CPUs helped results beat expectations. Gross margin was 41% and earnings per share were $0.29, above a consensus estimate of $0.01.
Intel forecast second-quarter revenue of $13.8 billion to $14.8 billion and earnings per share of $0.20, also ahead of consensus. CEO Lip Bu Tan said demand continued to run ahead of supply across the company, especially for Xeon server CPUs, while AI-driven businesses accounted for 60% of revenue, AI revenue reached $5.1 billion and 18A yields were running ahead of internal projections.
From the sources (6 posts)
@dnystedtRT @EdLudlow: Intel interview with both Lip Bu Tan and CFO Dave Zinsner: Intel CEO Lip Bu Tan: "There is huge demand," Lip Bu Tan said of…
@dnystedtRT @KristinaParts: Intel CFO on Terafab w/ @elonmusk: "a great endorsement of our foundry business [...] we think there are many other cust…
@arronwei3n$INTC. Embrace CPU worlds _ “The ratio of CPU to GPU used to be 1:8 & now it’s 1:4 & I think towards parity or even better”
@jukan05GF Overseas Electronics & Communications Intel (INTC US, Buy) — 1Q26 Results Review 1Q26 results beat expectations - Revenue: US$13.6bn, +7% YoY, above consensus of US$12.4bn - Gross margin: 41%, +3.1 ppts QoQ, above guidance of 34.5% - E
@reutersIntel shares surged after the company posted a jump in first quarter revenue on booming demand for its AI server processors
@reutersbizIntel shares surged after the company posted a jump in first quarter revenue on booming demand for its AI server processors