Story perspectives

Intel Q1 Beats Forecast, Shares Surge 90% on AI Gains

4/28/2026

Summary

Intel Soars

Intel posted Q1 2026 revenue of $13.58 billion and non-GAAP EPS of $0.29, beating the $0.01 consensus and lifting its share price 24% on April 24.
The stock climbed from $44.13 to $82.54 by month-end, a 90% rise that added about $240 billion to market capitalization.
Data Center and AI sales rose 22% to $5.05 billion while analysts upgraded Intel, with Citi rating Buy at $95 and Barclays lifting its target to $65.

Summary

Intel Partners

Intel executives warned that missed sales of at least $1 billion highlight ongoing supply-chain constraints.
Intel partnered on the Terafab project with SpaceX, xAI and Tesla for advanced packaging.
Intel signed a multi-year deal with Google to supply Xeon CPUs and custom IPUs.
Xeon 6 chips will serve as host CPUs in Nvidia’s DGX Rubin NVL8 AI system.
Intel projected Q2 revenue of $13.8-$14.8 billion, increasing pressure to meet partnership commitments.

History

Historical Context

Nvidia unveiled the Ampere-based A100 accelerator on 14 May 2020, equipping the DGX A100 server with eight GPUs and a $199 000 price tag, which sparked a rapid AI-hardware expansion and led to the 2022 introduction of the Hopper architecture and H100 chips. Growing demand and U.S. export limits on H100/H800 models have since prompted tighter supply-chain oversight.

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Intel Soars

Intel posted Q1 2026 revenue of $13.58 billion and non-GAAP EPS of $0.29, beating the $0.01 consensus and lifting its share price 24% on April 24.
The stock climbed from $44.13 to $82.54 by month-end, a 90% rise that added about $240 billion to market capitalization.
Data Center and AI sales rose 22% to $5.05 billion while analysts upgraded Intel, with Citi rating Buy at $95 and Barclays lifting its target to $65.

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