"Barclays' O'Malley acknowledged what the numbers made hard to ignore: production improved across the board and fundamentals are taking a turn for the better. Intel posted non-GAAP EPS of $0.29 versus a $0.01 consensus and revenue of $13.58 billion, marking a sixth consecutive quarter of beating guidance."
"Intel's Q1 was led by Data Center and AI revenue of $5.05 billion, up 22% year over year, and Intel Foundry revenue of $5.42 billion, up 16%. Client Computing remained the largest segment at $7.73 billion."
"Intel CEO Lip-Bu Tan framed the moment as a structural shift, saying, 'The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic.'"
Barclays analyst Tom O'Malley increased Intel's price target from $45 to $65, maintaining an Equal Weight rating. Intel's stock has surged 126% year-to-date, trading near $83, which explains the cautious rating despite the target increase. Intel's Q1 performance showed significant improvements, with non-GAAP EPS of $0.29 and revenue of $13.58 billion. However, challenges remain, including a $2.4 billion operating loss in Foundry and pressure on gross margins. CEO Lip-Bu Tan emphasized a structural shift in AI, indicating future growth potential.
Read at 24/7 Wall St.
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