INTC Stock Heads to $100 as Intel Q1 Earnings Beat Wall Street Expectations on CPU Demand

As investors reevaluate chip momentum after the  Intel Q1 earnings, INTC stock soared to a new record above $80 in after hours trading or 20

Intel Results Boost as CPU Demand Lifts All Chipmakers

Quick overview

  • Intel's Q1 earnings report showed a revenue of $13.6 billion, up 7% year-over-year, and a significant earnings surprise with EPS at $0.29 compared to the expected $0.01.
  • The company's strong Q2 guidance, projecting revenue as high as $14.8 billion, has fueled optimism about its turnaround and AI strategy.
  • Intel's progress on its 18A process node and a 22% year-over-year increase in Data Center and AI revenue indicate rising demand for advanced CPUs.
  • Investors are increasingly optimistic about Intel's long-term growth potential, with the stock reaching a record high of over $80 in after-hours trading.

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As investors reevaluate chip momentum after the  Intel Q1 earnings, INTC stock soared to a new record above $80 in after hours trading or 20% higher.

Intel’s results point to a clear inflection point, with strong earnings, improving execution, and rising CPU-driven demand supporting its turnaround. With 18A progress and robust guidance, the company appears to be moving past its heavy investment phase and into a period of more sustainable growth.

Intel Q1 Earnings Report

  • Intel reported Q1 revenue of $13.6 billion, up 7% year-over-year, broadly in line with expectations.
  • The key upside surprise came from earnings, with EPS at $0.29 versus just $0.01 expected by the Street, marking a significant bottom-line beat.
  • Strong Q2 guidance was the main catalyst, with revenue projected as high as $14.8 billion and EPS at $0.20, both well above analyst forecasts.
  • Management’s outlook suggests its multi-year foundry turnaround and AI PC strategy are gaining traction.
  • Progress on Intel’s 18A process node emerged as a major bullish signal, transitioning from development into a commercial growth driver.
  • CEO Lip-Bu Tan emphasized that the shift toward “agentic AI” is increasing demand for advanced CPUs and wafer packaging technologies.
  • Data Center and AI revenue jumped 22% year-over-year to $5.05 billion, beating expectations of $4.41 billion.

The strong performance in AI-related segments highlights accelerating demand tied to next-generation computing workloads.

INTC Chart Weekly – The Jump Will Show TomorrowChart INTC, W1, 2026.04.23 22:12 UTC, MetaQuotes Ltd., MetaTrader 5, Demo

The speed of the bounce indicates that investors are increasingly willing to accumulate shares at perceived value levels. While sustained upside momentum will require further confirmation, the structure has improved meaningfully.

INTC Chart Daily – MAs Can’t Catch UpChart INTC, D1, 2026.04.23 22:12 UTC, MetaQuotes Ltd., MetaTrader 5, Demo

With broader semiconductor sentiment stabilizing, Intel’s long-term trend still points toward a potential move toward the $100 region if execution remains consistent.

CPU Demand in Focus

The upcoming earnings release will be closely watched for signs that demand is expanding beyond core markets. In particular, investors are looking for continued strength in server CPUs and broader adoption across data centers.

Recent momentum in Intel’s stock has been partly fueled by optimism around its positioning in infrastructure, though questions remain about how quickly this demand can translate into sustained revenue growth.

 

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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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