"A year ago, the conversation about Intel was about whether we could survive. Today, it is about how quickly we can add manufacturing capacity."
"Non-GAAP EPS of $0.29 blew past breakeven guidance. Non-GAAP gross margin landed at 41%, roughly 650 basis points ahead of guide."
"AI-driven businesses now represent 60% of revenue and grew 40% year-over-year, and Q2 guidance of $13.8 to $14.8 billion reinforces that 2026 server CPU capacity is effectively sold out."
Intel's first-anniversary report under CEO Lip-Bu Tan shows a strong turnaround with shares reaching $83.37, a 24% weekly gain and 112% year-to-date. Q1 revenue was $13.6 billion, exceeding guidance, with non-GAAP EPS of $0.29. AI-driven businesses now account for 60% of revenue, growing 40% year-over-year. Tan emphasized the shift from survival to expanding manufacturing capacity, highlighting the CPU's role in the AI era. Despite high valuation concerns, insider selling was below current prices, and Tan has not sold shares.
Read at 24/7 Wall St.
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