semiconductor / news / / CNBC
Intel shares are soaring 25% in premarket trading Friday.
Evercore and Citigroup both upgraded Intel stock and sharply raised their price targets after Q1 earnings.
KEY POINTS
- 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
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