Intel shares rise 29 percent after strong quarterly results

Intel topped Q1 2026 expectations with $13.6 billion in revenue and 29 cents in EPS, sending shares up 29% premarket.

Demand for Xeon server chips used in AI data centers outpaced factory capacity, highlighting a supply constraint.

Intel raised its next-quarter revenue outlook and kept capital spending elevated to expand manufacturing.

The results suggest Intel is benefiting from AI infrastructure demand, though tighter supply could affect PC chip availability.