INTC) leads the sector due to strong earnings

Following the news of Q1 results, the stock is trading at $82.30 +15.52 (+23.25%) in early trading on volume of over 108 million shares. As traders jump on this trending stock, AI tech leader NVIDIA Corporation (Nasdaq: NVDA) is trading at 202.67 +3.03 (+1.52%).

Intel Corporation (Nasdaq: INTC) today reported financial results for the first quarter of 2026, reporting:

Q1 revenue was $13.6 billion, up 7% year-over-year (YoY).

First quarter earnings (loss) per share (EPS) attributable to Intel were $(0.73); Non-GAAP EPS attributable to Intel was $0.29.

Estimated revenue of $13.8 billion to $14.8 billion in the second quarter of 2026; The second quarter is expected to have EPS of $0.08 attributable to Intel and non-GAAP EPS of $0.20 attributable to Intel.

“The next wave of AI will bring intelligence closer to the end user, moving from fundamental models to inference to agentic. This shift is significantly increasing the need for Intel’s CPU and wafer and advanced packaging offerings,” said Lip-Bu Tan, Intel CEO. “With a solid foundation, we are addressing this opportunity by listening to our customers and driving their success with our technical expertise and differentiated IP. This intentional change in the way we work drove revenues above our expectations for the sixth consecutive quarter, while also forging new and deeper relationships with strategic partners.”

“We delivered strong first quarter results that reflect the growing and essential role of CPUs in the AI ​​era and the unprecedented demand for silicon, as well as our disciplined execution to expand available supply,” said Intel CFO David Zinsner. “We remain focused on improving available supply and maximizing our factory network to meet our customers’ needs throughout the year.”

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