Intel Q1 Revenue Hits $13.6B with Data Center AI Up 22%
Intel’s Q1 non-GAAP EPS of $0.29 easily beat forecasts by $0.28, driving a 20% stock surge after revenue reached $13.6 billion. Its Data Center and AI unit grew 22% to $5.1 billion while AI-related sales now make up 60% of total revenue.
1. Q1 Financial Performance
Intel delivered non-GAAP earnings per share of $0.29, surpassing the $0.01 estimate, on revenue of $13.6 billion, triggering a more than 20% surge in its share price. AI-related segments accounted for 60% of overall sales, underscoring the growing contribution of its AI initiatives.
2. AI Infrastructure Shift
The Data Center and AI division generated $5.1 billion in Q1, up 22% year-over-year, as companies upgrade to Xeon 6 processors optimized for inference workloads. Highlighting this shift, Nvidia selected Intel’s Xeon 6 as the host CPU for its next-generation DGX Rubin NVL8 AI clusters.
3. Foundry Business Growth
Intel’s foundry revenue rose 16% to $5.4 billion on expanding external customer orders, with Tesla signing as the first major customer for Intel’s cutting-edge 14A manufacturing node. This deal is poised to support Tesla’s planned ‘Terafab’ AI chip complex in Austin.