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Intel Shares Surge 25% After Earnings Beat, Upgrades Follow

4/25/2026

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Summary

Story summary

Intel shares jumped about 25% on Friday, April 24, 2026, closing at $82.57 after Q1 earnings beat expectations.
Intel reported Q1 earnings of $0.29 per share, beating the $0.01 consensus, and revenue of $13.58 billion, surpassing the $12.42 billion forecast.
Evercore ISI upgraded Intel to “outperform” with a $111 price target, and Citigroup upgraded it to “buy” with a $95 target.

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Story summary

Intel shares jumped about 25% on Friday, April 24, 2026, closing at $82.57 after Q1 earnings beat expectations.
Intel reported Q1 earnings of $0.29 per share, beating the $0.01 consensus, and revenue of $13.58 billion, surpassing the $12.42 billion forecast.
Evercore ISI upgraded Intel to “outperform” with a $111 price target, and Citigroup upgraded it to “buy” with a $95 target.