Intel's stock has best day since 1987, soaring 24% as chipmaker shows signs of a turnaround

· Source ↗

TLDR

  • Intel shares jumped 24% on April 25, 2026, their best single-day gain since October 1987, closing at $82.57.

Key Facts

  • The stock is up 124% year-to-date after an 84% gain in 2025; it lost 60% of its value in 2024.
  • Q1 revenue rose 7.2% year-over-year to $13.58 billion, beating estimates after five of seven prior quarters showed declines.
  • Data center revenue jumped 22% year-over-year to $5.1 billion, driven by AI demand for CPUs.
  • CEO Lip-Bu Tan said multiple customers are actively evaluating Intel’s next-generation 14A chip manufacturing technology.

Why It Matters

  • The results mark Intel’s first sustained revenue growth in years, reversing a slide that cost former CEO Pat Gelsinger his job in late 2024.
  • Evercore ISI and Citi both upgraded the stock to buy after earnings, citing improved balance sheet and competitive positioning.

Samantha Subin, Katie Tarasov · CNBC · 2026-04-24 · Read the original