Intel Reports Strong Q1 Results
Intel (NASDAQ: INTC) surpassed analyst expectations in its first quarter results, posting a revenue of $13.6 billion, a 7% year-over-year increase. The company’s adjusted earnings per share more than doubled to $0.29, significantly higher than the expected $0.01. Key drivers included a 22% increase in AI product revenue to $5.1 billion and a 9% rise in total product revenue to $12.8 billion.
Intel’s foundry business reported a revenue of $5.4 billion, up 16%, although it faced ongoing losses of $2.4 billion. The company anticipates second-quarter revenue between $13.8 billion and $14.8 billion and adjusted EPS of $0.20, both ahead of analyst projections. Despite optimism over server CPU demand remaining strong, Intel expects weak demand for computers in the latter half of the year.
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