Instant Reaction: Intel Gives Strong AI-Fueled Outlook

Instant Reaction: Intel Gives Strong AI-Fueled Outlook

From Bloomberg Intelligence by Bloomberg

April 23, 2026 · 10 min

About this episode

Intel's strong sales forecast indicates progress in its AI-driven recovery strategy.

Intel gave a strong sales forecast for the current period, signaling that the struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure. Revenue will be $13.8 billion to $14.8 billion in the quarter ending in June, the company said Thursday in a statement. Analysts, on average, estimated $13 billion, according to data compiled by Bloomberg. Earnings, excluding some items, will be about 20 cents a share, compared with a Wall Street prediction of 9 cents. The upbeat outlook suggests that Chief Executive Officer Lip-Bu Tan is making progress on a challenging comeback plan. After lining up major investments in Intel last year — helping to strengthen the company’s balance sheet — Thursday’s results suggest he’s now delivering on a promise to improve its operations. Intel shares rose 14% in extended trading. The stock had gained 81% this year before the results were released, closing at $66.78. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with: Bloomberg Intelligence Senior Semiconductor Analyst Kunjan Sobhani…

People in this episode

Hosts: Carol Massar, Tim Stenovec

Guests: Kunjan Sobhani, Ed Ludlow

Topics covered

  • AI
  • semiconductors
  • business outlook
  • earnings report
  • stock market

Keywords

  • Intel
  • AI
  • earnings
  • stock
  • semiconductors
  • business forecast
  • Lip-Bu Tan

Mentioned in this episode

Organizations: Intel, Bloomberg, Bloomberg Intelligence, Bloomberg Businessweek Daily

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