Intel Shares Gain as 2Q Forecast Tops Estimates

Published: 2026-04-23 16:38:13 ET INTC

Published on 04/23/2026 at 04:38 pm EDT

By Kelly Cloonan

Shares of Intel climbed after the chipmaker's second-quarter outlook topped Wall Street's expectations, forecasting an unexpected quarterly profit.

The stock climbed 13% to $75.26 in after-hours trading on Thursday. Through market close, shares were up 81% year to date.

Intel guided for earnings per share of 8 cents, adjusted earnings per share of 20 cents and revenue of $13.8 billion to $14.8 billion for the second quarter. Analysts polled by FactSet had forecast a loss of 6 cents a share, adjusted earnings per share of 10 cents and revenue of $13.1 billion.

The outlook came as the company recorded a wider loss and higher revenue in its latest quarter. Chief Executive Lip-Bu Tan said the results marked a sixth consecutive quarter of revenue above the company's expectations amid increased demand for Intel's CPUs and wafer and advanced packaging offerings.

Write to Kelly Cloonan at [email protected]

(END) Dow Jones Newswires

04-23-26 1637ET