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Intel’s CPU Revival Powers Surprise Earnings Surge Amid AI Infrastructure Boom
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Intel’s CPU Revival Powers Surprise Earnings Surge Amid AI Infrastructure Boom

WebProNews·Name·about 1 month ago
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#year#billion#intel#cpus#demand#article
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Intel Corp. shares rocketed nearly 20% in after-hours trading Thursday after the chip giant unveiled first-quarter results that crushed Wall Street expectations. Revenue climbed 7% year-over-year to $13.6 billion, smashing the midpoint of prior guidance at $12.2 billion and consensus estimates around $12.4 billion, according to Intel’s official release . Non-GAAP earnings per share hit $0.29, more than double the $0.13 from a year earlier and leagues ahead of forecasts near $0.01, as reported by Yahoo Finance . Data center and AI sales accelerated 22% to $5.1 billion, up from 9% growth in the prior quarter. And the outlook? Second-quarter revenue guidance of $13.8 billion to $14.8 billion implies 11% growth at the midpoint, blowing past analyst calls for $13 billion. Supply constraints everywhere. Demand outstripping capacity. That’s the refrain from CEO Lip-Bu Tan and CFO David Zinsner on the earnings call.…

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