Intel Forecasts Q2 $14B, Shares Up 22%

Intel projects Q2 2026 revenue $13.8‑$14.8 billion and EPS $0.20, both well above Wall Street consensus.
Q1 2026 results beat estimates with revenue $13.6 billion (+7% YoY) and EPS $0.29, surpassing $12.41 billion forecast.
Shares surged over 22% in pre‑market trading after the outlook, while Stifel lifted Intel’s price target to $75 from $65.
Intel announced partnerships with Tesla (14A process), Google (Xeon AI collaboration) and secured investments from US government, SoftBank and NVIDIA.