Intel posted Q1 2026 revenue of $13.6 billion, up 7% YoY, and EPS $0.29, far surpassing analyst estimates.
Guidance projects Q2 2026 revenue between $13.8 bn and $14.8 bn and EPS $0.20, both beating consensus forecasts.
Shares rallied over 22% in pre‑market trading and closed up 23% after the earnings release.
Intel secured Tesla’s 14A chip contract, announced a multiyear Google partnership, and saw its price target lift to $75.