After Intel reported earnings on Thursday, 23 April 2026, its shares immediately hit a new record the next day, soaring over 24% in a single session to close at $82.57 per share. This surpassed the previous peak of $75.81 per share reached in 2000 and marked Intel’s best performance since 1987.
Since the start of 2026, Intel’s shares have risen 124%, compared to an 84% gain in 2025. On Friday, 24 April 2026, the stock increased by about 23% since 18 September last year, the day Nvidia announced a $5 billion investment in Intel.
Wall Street has expressed strong approval of Intel’s performance and its new CEO, Lip-Bu Tan, who took office in March 2025. He has successfully revitalized Intel’s business after the previous CEO’s tenure saw the company’s value drop over 60% in 2024.
A key achievement of the new CEO is securing investments in Intel from the U.S. government under Donald Trump’s administration, as well as from SoftBank and Nvidia.
“Intel’s new CEO has turned around the company’s balance sheet and introduced new strategies, enabling Intel to compete effectively once again,” an analyst from Evercore ISI wrote in a report following Intel’s earnings announcement last Thursday.
Intel’s Q1 2026 performance exceeded expectations, with net revenue of $13.58 billion, surpassing LSEG’s forecast of $12.42 billion, and representing a 7.2% year-over-year increase. This is notable as revenue declined in five of the previous seven quarters when compared annually.
Intel also forecasted Q2 2026 revenue between $13.8 billion and $14.8 billion, above analyst estimates of $13.07 billion. Growth is attributed to the Data Center segment, where CPU demand has rebounded due to renewed interest in AI applications.
Wall Street investors are also closely watching Intel’s upcoming 14A chip, expected to launch in 2028. Lip-Bu Tan noted that several key customers, including Elon Musk’s Tesla, are evaluating this new technology, which is advancing faster than the previously developed 18A chip.
Despite this strong performance, Intel reported a net loss of $4.28 billion, or 73 cents per share, in the latest quarter, worsening from a $887 million loss, or 19 cents per share, last year. However, encouraging trends in the chip segment have signaled business recovery, with CEO Lip-Bu Tan confidently stating that Intel’s CPU business “is an indispensable foundation of the artificial intelligence era.”
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