Intel shares rose nearly 20% in extended trading on April 24 following its Q1 2026 results. The company reported revenue of $13.6 billion. Earnings per share reached $0.29, significantly exceeding analyst estimates that hovered near breakeven.
Management forecast Q2 revenue between $13.8 billion and $14.8 billion. This outlook surpassed the consensus estimate of $13.0 billion. Surging demand for server CPUs and AI accelerators drove the optimistic guidance. The report also noted resilient PC chip sales and improved gross margins.
The results triggered a broad rally across the semiconductor sector. Intel’s performance suggests robust enterprise AI spending continues to benefit legacy hardware providers.