CNBC4/23/2026Business
Intel Q1 Earnings Beat Expectations as Chipmaker Shows Revival Signs
Struggling chipmaker reports 29 cents EPS vs. 1 cent expected, with data center revenue up 22%
Quick Look
- Intel reported first-quarter earnings that exceeded Wall Street expectations, with adjusted EPS of 29 cents versus 1 cent expected, and revenue of $13.58 billion versus $12.42 billion expected.
- The chipmaker's data center business saw 22% growth to $5.1 billion as CPU demand surges for AI workloads.
- Shares jumped 20% after hours.
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Intel reported first-quarter earnings that exceeded Wall Street expectations, with adjusted EPS of 29 cents versus 1 cent expected, and revenue of $13.58 billion versus $12.42 billion expected. The chipmaker's data center business saw 22% growth to $5.1 billion as CPU demand surges for AI workloads. Shares jumped 20% after hours. The company posted a wider net loss of $4.28 billion but provided strong Q2 guidance above analyst expectations.
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This article was originally published by CNBC.
