Intel shares jump 20% after Q1 revenue and EPS beats
NewsBytes | April 24, 2026 3:42 PM CST
Intel data center business grew 22%
Looking ahead, Intel expects Q2 revenue between $13.8 and $14.8 billion, again topping forecasts.
Their data center business grew 22% with strong CPU demand, pushing overall revenue up 7.2% year over year.
On the flip side, losses deepened to $4.28 billion compared to last year's $887 million loss.
Fun fact: Rival AMD's stock also jumped 7%, and there's buzz about Tesla possibly becoming a customer for Intel after Elon Musk hinted at rising chip demand in the industry.
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