Intel (INTC) shares hit all-time high as Q1 2026 earnings results beat revenue and EPS expectations

Government-backed chip company Intel continues its tremendous comeback.

Intel is out with Q1 2026 earnings results. The partially government-owned chip company reported $13.6 billion in revenues and Non-GAAP EPS of $0.29/share, beating expectations of $12.26 billion and $0.01/share EPS respectively. The stock is up over 15% in afterhours trading, topping its all-time share price high set back in the 2000 tech bubble.

Intel is forecasting Q2 2026 revenue to come in between $13.8-14.8 billion and EPS to be $0.20/share. The United States of America took a 10% stake in the company just last year, and the stock has been on an upward trajectory ever since.

Here are some statements from Intel's CEO and CFO:

The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic. This shift is significantly increasing the need for Intel’s CPUs and wafer and advanced packaging offerings. With a solid foundation in place, we are addressing this opportunity by listening to our customers and driving their success with our technical expertise and differentiated IP. This deliberate reset to how we operate drove a sixth consecutive quarter of revenue above our expectations, as well as new and deepened relationships with strategic partners. - Intel CEO Lip-Bu Tan

We delivered robust Q1 results, reflecting the growing and essential role of the CPU in the AI era and unprecedented demand for silicon, as well as our disciplined execution to expand available supply. We remain focused on maximizing our factory network to improve available supply and meet our customers’ needs throughout the year. - Intel CFO David Zinsner

The AI tech bubble continues to inflate and Intel seems to have righted the ship for now. Shares of Intel (INTC) are up over 105% year-to-date, and it seems like the party is just getting started. Intel shares last hit an all-time high share price of $75.81/share back in 2000, and the stock topped that in afterhours trading.

Praise be to Glorious Leader and his wise and not corrupt socialist investment in the chip company.

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