For the ongoing quarter that ends in June, Intel expects revenue to be between $13.8 billion to $14.8 billion. That is well above the average analyst estimate of $13 billion.
During the quarter gone by, Intel reported revenue of $13.58 billion, higher than the estimated $12.42 billion, while its Earnings Per Share (EPS) of 29 cents was well above the one cent estimate as well.
Intel’s revenue grew by 7.2% on a year-on-year basis, after having reported a drop in five out of the last seven quarters. This growth was led by the data center business, which is getting traction due to increased demand for CPUs. That division saw growth of 22%. The high CPU demand is evident from Intel’s repurchase of a 49% stake in its Ireland chip fab, which it had earlier sold to Apollo Global Management.
Despite these recovery signs, Intel continues to lose money. Net loss for the quarter widened to $4.28 billion from $887 million last year.
There is also speculation that Elon Musk’s Tesla could emerge as a potential customer for Intel, something that Musk also acknowledged during the EV maker’s earnings call earlier this week. Intel CEO Lip Bu Tan said that both he and Musk share a strong conviction that the global semiconductor supply is not keeping pace with the rapid acceleration in demand. He added that they are looking for unconventional ways to improve manufacturing efficiency.
After underperforming for years, and falling behind peers like Nvidia, Intel has suddenly emerged as a Wall Street darling, with shares already having risen 80% so far in 2026, following an 85% surge last year. The Trump Administration is the largest shareholder in Intel, while Nvidia and SoftBank have also made major investments in the stock.
Intel’s results and subsequent surge afterhours also triggered a similar upmove in its peer AMD, which also surged 7% in extended trading.
