Trending AI Stock Intel Corporation (Nasdaq: INTC) Leads Sector Higher on Strong Earnings

Following news of first quarter results, the stock is trading at $82.30 +15.52 (+23.25%) on a volume of over 108 million shares in early trading. As traders jump on this trending stock, AI tech leader NVIDIA Corporation (Nasdaq: NVDA) is trading at 202.67 +3.03 (+1.52%).

Intel Corporation (Nasdaq: INTC) today reported first-quarter 2026 financial results, reporting:

First-quarter revenue was $13.6 billion, up 7% year-over-year (YoY).

First-quarter earnings (loss) per share (EPS) attributable to Intel was $(0.73); non-GAAP EPS attributable to Intel was $0.29.

Forecasting second-quarter 2026 revenue of $13.8 billion to $14.8 billion; expecting second-quarter EPS attributable to Intel of $0.08 and non-GAAP EPS attributable to Intel of $0.20. 

“The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic. This shift is significantly increasing the need for Intel’s CPUs and wafer and advanced packaging offerings,” said Lip-Bu Tan, Intel CEO. “With a solid foundation in place, we are addressing this opportunity by listening to our customers and driving their success with our technical expertise and differentiated IP. This deliberate reset to how we operate drove a sixth consecutive quarter of revenue above our expectations, as well as new and deepened relationships with strategic partners.”

“We delivered robust Q1 results, reflecting the growing and essential role of the CPU in the AI era and unprecedented demand for silicon, as well as our disciplined execution to expand available supply,” said David Zinsner, Intel CFO. “We remain focused on maximizing our factory network to improve available supply and meet our customers’ needs throughout the year.”

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