Overview
- - Intel shares surged 24% Friday in their best session since 1987, adding about $79 billion in market value.
- - For Q1, revenue reached about $13.6 billion, up roughly 7% year over year, with $0.29 in adjusted earnings per share and a GAAP net loss reported.
- - Data-center and AI sales rose 22% to $5.1 billion, and the foundry unit grew 16% to $5.4 billion.
- - Intel guided Q2 revenue to $13.8–$14.8 billion and projected about $0.20 in adjusted EPS, pointing to sequential growth.
- - CEO Lip-Bu Tan said demand for AI processors exceeds current factory output as Intel adds equipment to raise supply, while a U.S. government convertible stake has swelled to about $36 billion on paper and bolstered its finances.