Intel's data center and AI revenue jumps 22% as quarterly sales top Wall Street estimates
Intel's data center and AI revenue jumps 22% as quarterly sales top Wall Street estimates
The chipmaker posted $13.6 billion in Q1 revenue, well above analyst expectations of $12.36 billion, and guided Q2 above forecasts
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Intel $INTC reported first-quarter 2026 revenue of $13.6 billion, up 7% from a year earlier and well above Wall Street expectations, driven by strong demand in its data center and foundry businesses.
Shares jumped more than 16% in extended trading on Thursday.
The quarter's adjusted earnings per share of $0.29 came in well ahead of the $0.01 analysts had expected, according to Yahoo Finance, which had also pegged consensus revenue expectations at $12.36 billion.
On a GAAP........
