Intel Revenue Beats Estimates, Shares Up 17%

Intel reported Q1 revenue of $13.6 bn, up 7% YoY and above analysts’ $12.41 bn estimate.
Earnings per share came in at $0.29, beating the $0.02 consensus forecast by $0.27.
Shares surged nearly 17% in after‑hours trading following the results.
Tesla announced it will use Intel’s new 14A process for chips at its Austin “Terafab” AI complex, Intel’s first contract manufacturing win.