Intel Shares Jump on Strong Earnings
The firm reported on Thursday that its first-quarter revenue totaled $13.6 billion, representing a 7% increase compared to the same timeframe a year earlier. Intel recorded earnings per share of $0.29.
Looking ahead, Intel projected second-quarter revenue to range between $13.8 billion and $14.8 billion.
“The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic,” Intel CEO Lip-Bu Tan said in the company’s earnings statement.
He explained that this transition is driving higher demand for Intel’s CPUs, wafer manufacturing, and advanced packaging solutions, noting that the company has achieved its sixth straight quarter of revenue surpassing expectations.
Intel Chief Financial Officer David Zinsner stated that the performance highlighted “the growing and essential role of the CPU in the AI era” and “unprecedented demand for silicon,” while emphasizing that the company continues to prioritize expanding its production capacity.
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