00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Intel reported first quarter adjusted earnings of 29 cents per share on $13.58 billion in revenue,
00:10beating estimates of $0.01 per share and $12.42 billion, according to Benzinga.
00:16Revenue increased from $12.67 billion in the same period last year. CEO Lip Bhutan said demand is
00:23rising as AI shifts toward inference and agentic systems, increasing the need for CPUs and advanced
00:29packaging. Tan said the company has delivered a sixth consecutive quarter of revenue above
00:34expectations. Intel expects second quarter adjusted earnings of 20 cents per share versus
00:399 cents expected and revenue of $13.8 billion to $14.8 billion versus $13.07 billion expected.
00:48Shares rose 50% in April and gained 14.85% to $76.71 in extended trading on Thursday.
00:56For all things money, visit Benzinga.com.
Comments