Intel Shares Jump 20% on $13.58B Q1 Revenue, $0.29 EPS
Intel reported first-quarter revenue of $13.58 billion, surpassing estimates of $12.3 billion and delivering adjusted EPS of $0.29 versus forecasts of $0.01. Its Data Centre and AI division posted $5.05 billion in sales, up 22.4% year-on-year, and Intel guided Q2 revenue between $13.8 billion and $14.8 billion.
1. Strong Q1 Earnings Boost Shares
Intel delivered $13.58 billion in Q1 revenue, up 7.2% year-on-year, and posted adjusted EPS of $0.29, far above consensus, driving a 20% after-hours stock surge.
2. Data Centre and AI Division Drives Growth
The Data Centre and AI segment generated $5.05 billion in sales, a 22.4% increase that surpassed the $4.41 billion analysts expected.
3. AI Hardware Products Gain Enterprise Traction
Its Xeon 6 CPUs and Gaudi 3 AI accelerators have won significant deployments among major cloud providers and enterprise clients.
4. Elevated Q2 Revenue Guidance
Intel projects Q2 revenue between $13.8 billion and $14.8 billion, well above the $13 billion estimate, underpinning a bullish outlook.