Intel Raises Q2 Sales Outlook Above Estimates as Shares Surge on AI CPU Demand

Overview

• Intel, which issued guidance Thursday, projected second‑quarter revenue of $13.8 billion to $14.8 billion, topping the LSEG analyst average near $13.1 billion.
• Following Thursday’s upbeat forecast, the stock jumped about 15% after hours, adding roughly $49 billion in market value, and touched record highs during Friday trading.
• For Q1, revenue came in at about $13.6 billion and the company posted a GAAP net loss of roughly $3.7 billion due to more than $4 billion in restructuring charges, while adjusted EPS of $0.29 beat forecasts.
• Intel reported $5.4 billion in first‑quarter foundry revenue and a reported win of Tesla as the first major customer for its next‑gen 14A manufacturing process tied to Tesla’s planned Terafab chip project in Austin.
• Executives said AI deployment is driving a CPU “renaissance” and noted Intel raised chip prices to help fund capacity expansion, though they cautioned that scaling production without supply bottlenecks remains a key risk.