Intel Soars to Record High After Earnings Beat and Upbeat Outlook

Overview

• Intel shares closed at $94.75, up 12.06%, following Wednesday's rally to a $94.95 intraday high.
• Intel reported Q1 2026 revenue of $13.6 billion, up 7% from a year earlier, which Jim Cramer called its biggest revenue beat in more than five years.
• The company projected Q2 revenue of $13.8 billion to $14.8 billion, or 7% to 14.7% above last year, a sharp contrast with last year’s flat Q2.
• Cramer and Intel linked the momentum to strong demand for CPUs used in AI work, with the newest server chips ramping at the fastest pace in five years and firmer pricing lifting margins.
• Cramer said CPU makers like Intel and AMD could do well for the rest of the year, noting AMD rose while Arm fell as investors sorted winners in the AI shift.