GoKawiilLip-Bu Tan, CEO of Intel Corp., departs following a meeting at the White House in Washington, Aug. 11, 2025.
Intel reported first-quarter earnings Thursday that blew past Wall Street's expectations, as the struggling chipmaker shows signs of a revival.
Shares of the U.S. chipmaker jumped 20% in after-hours trading.
Here's how the company did, compared with estimates from analysts polled by LSEG:
Earnings per share : 29 cents adjusted vs. 1 cent expected
: 29 cents adjusted vs. 1 cent expected Revenue: $13.58 billion vs. $12.42 billion expected
Intel has been a Wall Street darling of late, with its stock up more than 80% this year as of Thursday's close, after soaring 84% in 2025. The chipmaker has been championed by the Trump administration, which turned the U.S. government into the largest shareholder last year as part of an effort to bring chip manufacturing stateside. Nvidia and SoftBank also invested billions in Intel.
But the business, which fell way behind rivals Nvidia and Advanced Micro Devices during the early stages of the artificial intelligence boom, hasn't been seeing much momentum.
That could finally be changing. Revenue increased 7.2% from $12.67 billion a year earlier. That follows year-over-year revenue declines in five of the past seven quarter.
Intel said it expects second-quarter revenue between $13.8 billion and $14.8 billion, and adjusted earnings per share of 20 cents. That's well above analyst expectations for revenue of $13.07 billion and EPS of 9 cents.
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