{"id":723675,"date":"2026-04-24T18:45:13","date_gmt":"2026-04-24T15:45:13","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/intels-revival-is-real-13-6b-in-q1\/"},"modified":"2026-04-24T18:45:13","modified_gmt":"2026-04-24T15:45:13","slug":"intels-revival-is-real-13-6b-in-q1","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/intels-revival-is-real-13-6b-in-q1\/","title":{"rendered":"Intel\u2019s revival is real: $13.6B in Q1"},"content":{"rendered":"
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Q1 revenue of $13.6 billion beat the $12.4 billion consensus by 9.4%. Data Centre and AI revenue rose 22% to $5.1 billion. Non-GAAP EPS of $0.29 beat the 1-cent consensus by a factor of 29. The stock is up more than 80% this year. Intel is working with Elon Musk on his planned Terafab chip facility.<\/em><\/p>\n\n

Intel<\/span><\/a> reported first-quarter 2026 revenue of $13.6 billion on 23 April, beating consensus estimates of $12.42 billion by 9.4% and the midpoint of its own January guidance by $1.4 billion, the sixth consecutive quarter the company has exceeded its own financial forecasts. <\/span><\/p>\n

Shares jumped app<\/a>roximately 20% in after-hours trading, adding to a year-to-date gain of more than 80%. CEO Lip-Bu Tan credited \u201cunprecedented demand for silicon\u201d<\/em> driven by the shift of AI workloads toward CPU-heavy inference and agentic computing architectures. <\/span><\/p>\n

The stock is up 84% in 2025 and more than 80% further in 2026 year-to-date, a remarkable recovery for a company that cut 15% of its workforce in July 2025 and cancelled chip fabrication projects in Germany and Poland.<\/span><\/p>\n

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The headline numbers tell a consistent story. Q1 revenue grew 7% year-on-year. Non-GAAP earnings per share of $0.29 beat the consensus estimate of $0.01 by a factor of 29, the 1,350% EPS surprise figure cited by Investing.com reflects the same calculation. <\/span><\/p>\n

Non-GAAP gross margin reached 41%, approximately 650 basis points ahead of guidance. GAAP EPS was negative $0.73, reflecting restructuring charges and other items that the company excludes from its adjusted figures; editors should note the distinction between the GAAP loss per share and the non-GAAP beat. <\/span><\/p>\n

Non-GAAP net income reached $1.5 billion, more than double the prior-year figure of $646 million on the same basis.<\/span><\/p>\n

The segment driving the turnaround is Data Centre and AI (DCAI). Revenue climbed 22% year-on-year to $5.1 billion, up from $4.1 billion a year earlier. Operating margin in DCAI expanded dramatically, from 13.9% to 30.5%, with operating income reaching $1.5 billion. <\/span><\/p>\n

Intel highlighted sustained Xeon server CPU demand and said it expects \u201cdouble-digit year-over-year growth\u201d in DCAI to continue, supported by multiple long-term supply agreements with key customers. <\/span><\/p>\n

Client Computing Group (PC chips) revenue reached $7.7 billion, above the $7.1 billion consensus. AI PC revenue grew 8% sequentially and now represents more than 60% of Intel\u2019s client CPU mix.<\/span><\/p>\n

The strategic thesis Tan is articulating is a direct challenge to the assumption that Nvidia GPUs are the only AI compute that matters. Intel\u2019s argument is that as AI moves from pre-training, which is GPU-intensive and batch-processed in data centres, to inference and agentic workloads, which are latency-sensitive and distributed across edge devices, servers, and PCs, the CPU becomes indispensable. <\/span><\/p>\n

\u201cThe CPU is reinserting itself as the indispensable foundation of the AI era,\u201d<\/em> Tan said on the earnings call. The company frames this as a structural shift rather than a cyclical bump: as the ratio of inference to training workloads rises, so does the importance of the x86 architecture that dominates every data centre, PC, and edge server in the world.<\/span><\/p>\n

Two new customer relationships announced alongside the results underscore the thesis. Intel entered a multiyear arrangement with Google that will see Xeon CPUs power AI, inference, and other workloads for Google Cloud, a significant win for a company whose data centre chip business had been losing share to AMD. <\/span><\/p>\n

It also announced it will work with Elon Musk on the planned Terafab semiconductor research facility in Austin, Texas, which will produce chips for SpaceX, xAI, and Tesla.<\/span><\/p>\n

Intel Foundry, the external chipmaking business, reported an operating loss of $2.4 billion in Q1. That is a significant figure but showed meaningful improvement from prior quarters. <\/span><\/p>\n

Intel\u2019s foundry strategy, competing with TSMC to manufacture chips for external customers on advanced process nodes, remains the most contested element of CEO Tan\u2019s turnaround plan. <\/span><\/p>\n

The 18A process node, now in production in Arizona, is the foundation of that strategy. A new collaboration with SambaNova on a next-generation heterogeneous AI inference architecture was also announced alongside the results. <\/span><\/p>\n

For Q2 2026, Intel guided revenue of $13.8 billion to $14.8 billion, representing $1.4 billion in year-on-year growth at the midpoint of $14.3 billion, with non-GAAP EPS of $0.20 and gross margin of 39%.<\/span><\/p>\n<\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Q1 revenue of $13.6 billion beat the $12.4 billion consensus by 9.4%. Data Centre and AI revenue rose 22% to $5.1 billion. Non-GAAP EPS of $0.29 beat the 1-cent consensus by a factor of 29. The stock is up more than 80% this year. Intel is working with Elon Musk on his planned Terafab chip…<\/p>\n","protected":false},"author":1,"featured_media":723676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/media.thenextweb.com\/2026\/04\/Intel.avif","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-723675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/723675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=723675"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/723675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/723676"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=723675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=723675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=723675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}