Intel Shares Hit Record $94.95 High on Q1 Beat

Intel Corporation's shares hit an all-time high of $94.95 on April 29, 2026, capping a year-to-date gain of over 120 percent and marking the company's best monthly performance since its Nasdaq debut nearly 55 years ago. The surge followed first-quarter results that exceeded expectations, propelled by robust demand for Intel's central processing units in artificial intelligence applications.

The company reported Q1 2026 revenue of $13.6 billion, a 7 percent increase from $12.7 billion the prior year and well above analyst forecasts. Data Center and AI revenue rose 22 percent to $5.1 billion, driven by deployments of Xeon 6 processors with customers including Alphabet and Nvidia, as well as Gaudi 3 clusters for Amazon Web Services and IBM. The foundry segment grew 16 percent to $5.4 billion, aided by high-volume production of the 18A process node and improved yields across nodes like Intel 4, Intel 3, and 18A. Despite these gains, Intel posted a GAAP net loss of $3.73 billion, largely due to $4.07 billion in restructuring charges. For Q2, the company guided revenue to $13.8 billion to $14.8 billion, implying 7 to 14.7 percent growth year-over-year.