Intel stock jumps 28%, setting a record, after strong Q1 and raised forecasts — Intel says yields are improving faster than expected with new nodes

Intel reported Q1 revenue of $13.6 billion, beating its forecast and lifting guidance as demand improved for data center and client chips.

The stock jumped 28% in after-hours trading to a record high after the stronger-than-expected results.

Intel still posted a GAAP loss due to restructuring costs and a Mobileye goodwill impairment.

Management said yields on newer process nodes are improving faster than planned, supporting hopes for a turnaround despite foundry losses.