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Intel shares jump 26.7% intraday after strong Q1 results as AI demand and Trump stake gain momentum
Intel reported a first-quarter revenue beat of $13.58 billion, beating estimates. The stock surged 26.7% intraday and rose another 20% after hours as investors bet on AI-related demand and a broader turnaround. The piece also notes a 2025 Trump administration stake and related government investment and restructuring measures that shaped the stock's trajectory.
Why It Matters
The gains reflect investor confidence in AI infrastructure demand and potential government involvement in strategic tech firms, with implications for US tech competitiveness and policy investment in critical semiconductor capacity.
Timeline
8 Events
Stock at $81.3; ~300% rise since initial stake
April 24, 2026
Shares were around $81.3 (about €71.5) after the jump, roughly 300% higher than when the government first took its stake.
Outlook: Q2 revenue projected at $13.8–$14.8 billion
April 24, 2026
Intel forecast revenue for the second quarter between $13.8 billion and $14.8 billion, above analysts' consensus of about $13 billion.
After-hours rally adds to gains
April 24, 2026
Following the close, shares rose a further 20% in after-hours trading as investors responded to signs of a sustained AI-driven turnaround.
Intraday stock surge: shares jump 26.7%
April 24, 2026
The stock climbed 26.7% during trading on Friday, potentially the strongest one-day gain since 1987.
Q1 results: revenue beats expectations
April 24, 2026
Intel reported first-quarter revenue of $13.58 billion, ahead of the $12.3 billion forecast, with year-over-year growth of 7.2%. The results highlighted demand for Xeon 6 processors and Gaudi 3 AI accelerators.
Intel restructures: factory projects cancelled and 25% of jobs cut
2025
As part of the intervention, Intel cancelled planned factory projects in Germany and Poland, redirected manufacturing toward US-based operations, and reduced its global workforce by about 25% (around 25,000 jobs).
Government investment: $8.9 billion at $20.47 per share
2025
The government invested $8.9 billion in Intel at a share price of $20.47, with $5.7 billion of that amount coming from previously approved but unpaid grants.
Trump administration acquires 9.9% stake in Intel
2025
In 2025, the Trump administration acquired a 9.9% stake in Intel to stabilise the business during a period of severe financial strain.