Intel reported first-quarter 2026 revenue of $13.58 billion. This figure represents a 7% increase year-over-year. Non-GAAP earnings reached $0.29 per share, crushing analyst projections. The Data Center and AI division led the performance with a 22% revenue jump. This division generated $5.1 billion during the quarter. The results signal a potential turnaround driven by robust AI infrastructure demand.
Intel's stock price surged more than 25% on April 24, 2026. This rally lifted the Nasdaq Composite by 0.63%. The S&P 500 also rose 0.28% following the news. These results boosted investor sentiment across the semiconductor industry. Market gains outweighed concerns regarding ongoing geopolitical tensions for the day.