Intel’s Revenues Soar, Aided by A.I. Boom

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Intel’s Revenues Soar, Aided by A.I. Boom

The chip maker reported a 7 percent rise to $13.6 billion in its latest quarter, more than $1 billion more than Wall Street expected.

Intel’s manufacturing campus in Ocotillo, Ariz., where a federally subsidized expansion is underway.

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Loren Elliott for The New York Times

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Intel’s Revenues Soar, Aided by A.I. Boom

The chip maker reported a 7 percent rise to $13.6 billion in its latest quarter, more than $1 billion more than Wall Street expected.

Intel’s manufacturing campus in Ocotillo, Ariz., where a federally subsidized expansion is underway.

Credit...

Loren Elliott for The New York Times

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By

Don Clark

Reporting from San Francisco

April 23, 2026

Intel posted blowout financial results on Thursday, a sign that the

long-suffering chip maker

is finally reaping substantial benefits from the artificial intelligence boom.

Revenue in the first quarter rose 7 percent to $13.6 billion, the Silicon Valley company said, more than $1 billion higher than Wall Street expected. Intel’s projection for sales in the current quarter also beat prior estimates by a wide margin.

Intel’s stock, already up more than 80 percent this year on early signs of a turnaround, jumped more than 20 percent after the announcement to nearly $79 a share.

“These results make Intel’s turnaround look less like a hope-fueled blip and more like a steadier longer-term trajectory,” said Jacob Bourne, an analyst at eMarketer, in remarks issued after the announcement.

The company posted a loss of $3.7 million, compared with a loss of $800,000 a year earlier, reflecting heavy investments to ramp up its manufacturing.

The rapid rise in Intel’s share price has substantially multiplied the value of an investment that the Trump administration made in the company last summer. In August, Lip-Bu Tan, a venture capitalist

who became Intel’s chief executive

last year, negotiated a deal under which the government acquired about 10 percent of Intel’s shares for $8.9 billion. That stake is now worth nearly $35 billion.

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