Intel forecasts second-quarter revenue, profit above estimates, shares jump 17%
Intel Corp forecasted second-quarter revenue and profit above Wall Street estimates due to strong demand for its server chips used in artificial-intelligence data centers. Intel's shares rallied nearly 17% in after-market hours.
Intel Corp projected its second-quarter revenue and profit above Wall Street estimates on strong demand for its server chips used in artificial-intelligence data centers. Intel sees second-quarter 2026 EPS of $0.20, versus the consensus of $0.09, and Q2 2026 revenue to be in the range of $13.8 billion-14.8 billion, versus the consensus of $13.04 billion. Intel's first-quarter revenue jumped 7% to $13.6 billion, topping analysts' estimate of $12.41 billion. Revenue in the company's data center and AI segment came in at $5.1 billion, up 22% year-over-year. Intel reported Q1 earnings per share (EPS) of $0.29, $0.27 better than the analyst estimate of $0.02. Tesla's CEO Elon Musk plans to use Intel's next-generation 14A manufacturing process to make chips at its Terafab project.
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