Intel Corporation reported Q1 2026 non-GAAP earnings of $0.29 per share. This result significantly exceeded the analyst forecast of $0.02 per share. Revenue in the Data Center and AI division grew 22% to $5.1 billion.
Intel shares surged 25% following the report. This rally marks the company's largest single-day gain since 1987.
Tesla signed as the anchor customer for Intel’s next-generation 14A chip technology. The chips will support Tesla's Terafab AI project.
The news pushed the Philadelphia Semiconductor Index to a record 10,000. Shares of rivals AMD and Arm Holdings also climbed on the market momentum.