Intel Q1 Beats Estimates, Shares Jump 23%

Intel reported Q1 FY2026 revenue of $13.6 bn (+7% YoY) and EPS $0.29, both far exceeding analyst forecasts.
The company projected Q2 2026 revenue $13.8‑14.8 bn and EPS $0.20, well above consensus estimates of $13.04 bn and $0.09.
Shares jumped roughly 23% (nearly 30% pre‑market) to about $87, pushing the stock toward its all‑time high.
Intel announced partnerships with Tesla (14A process), Alphabet (Xeon AI), SoftBank and NVIDIA, and Stifel raised its price target to $75.