Intel Stock Soars 23% After Smashing Q1 Earnings Estimates

Aditya Raghunath4 minute read
Reviewed by: Thomas Richmond
Last updated Apr 24, 2026

Key Stats for Intel Stock

  • Pre-market price change for Intel stock: 23%
  • $INTC Share Price as of Apr. 23: $67
  • 52-Week High: $70
  • $INTC Stock Price Target: $55

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What Happened?

Intel (INTC) stock jumped roughly 23% pre-market on Friday after the company delivered a quarter that blew past expectations on every major metric.

  • EPS came in at $0.29 adjusted versus the $0.01 analysts expected.
  • Revenue hit $13.58 billion, well above the $12.43 billion estimate.
  • Q2 guidance of $13.8–$14.8 billion beat the $13.07 billion consensus.
  • The biggest driver was Intel’s data center business, where revenue grew 22% year over year to $5.1 billion.
  • As AI workloads shift from training to inference and agentic computing, companies need more CPUs alongside GPUs.

CEO Lip-Bu Tan summed it up on the earnings call: “The CPU is reinserting itself as the indispensable foundation of the AI era.” He said that’s not wishful thinking — it’s what customers are telling the company directly.

Google also committed to using multiple generations of Intel’s Xeon CPUs for AI workloads in its data centers. That deal, announced during the quarter, is a meaningful vote of confidence from one of the world’s biggest cloud buyers.

Intel’s foundry business also showed progress.

  • Revenue rose 16% year-over-year to $5.4 billion.
  • Yields on the 18A process node are running ahead of internal targets — a notable improvement after years of execution struggles.
  • Advanced packaging is also emerging as a growth driver, with CFO David Zinsner now expecting billions of dollars per customer rather than the hundreds of millions he previously expected.
INTC Stock Q1 Earnings vs. Estimates in Billion USD (TIKR)

The Elon Musk partnership adds another layer. Tesla plans to use Intel’s upcoming 14A process for chips in its vehicles and robots. Intel is joining Musk’s Terafab facility in Austin for that effort.

There are still challenges. Intel posted a net loss of $4.28 billion in Q1. The 18A node still weighs on gross margins. And PC demand is expected to soften in the second half of the year.

See analysts’ growth forecasts and price targets for Intel stock (It’s free) >>>

What the Market Is Telling Us About Intel Stock

Intel stock is up almost 70% this year. That’s a remarkable run for a company that was fighting for survival just two years ago.

Today’s results suggest the turnaround is real — not just a sentiment story.

INTC Stock Valuation Model (TIKR)

Intel stock still trades near multi-year lows on a fundamental basis.

If the data center momentum holds and 14A wins major customers, Intel stock has a credible path to rerate meaningfully higher.

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How Much Upside Does Intel Stock Have From Here?

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!

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