Euronews Business4/24/2026Business
Intel Shares Surge 20% After AI Pivot Signals Recovery From 2025 Crisis
Data Centre and AI division outperforms expectations with $5.05B revenue as company rebounds from $8.9B US government bailout
Quick Look
- Intel shares jumped 20% in after-hours trading after reporting Q revenue of $13.58B against $12.3B estimates, with adjusted EPS of $0.29 vs $0.01 expected.
- The Data Centre and AI division generated $5.05B, up 22.4% YoY, driven by Xeon 6 processors and Gaudi 3 AI accelerators.
- The company issued Q2 guidance of $13.8-14.8B, above the $13B expected.
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Intel shares jumped 20% in after-hours trading after reporting Q revenue of $13.58B against $12.3B estimates, with adjusted EPS of $0.29 vs $0.01 expected. The Data Centre and AI division generated $5.05B, up 22.4% YoY, driven by Xeon 6 processors and Gaudi 3 AI accelerators. The company issued Q2 guidance of $13.8-14.8B, above the $13B expected. The results follow a dramatic recovery from Intel's 2025 crisis when the Trump administration took a 9.9% equity stake worth $8.9B and the company cut 25% of its workforce.
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This article was originally published by Euronews Business.
