# Intel shares are soaring 25% in premarket trading Friday.

*semiconductor · news · 2026-04-24 · CNBC*

## Key points

- Evercore and Citigroup both upgraded Intel stock and sharply raised their price targets after Q1 earnings.
- Intel's Q1 earnings and revenue both beat analyst expectations by significant margins.
- Intel's CPU business now expects double-digit growth in 2026, up from earlier slight growth forecasts.
- Intel's operating margins improved by 500 basis points and net debt reduced by $17 billion after new leadership.

**Companies:** Intel, Nvidia, SoftBank
**Countries:** United States

[Read the full story on CNBC](https://www.cnbc.com/2026/04/24/intel-soars-after-earnings-beat-two-wall-street-firms-call-the-stock-a-buy.html)

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