Intel stock soars 19% on blockbuster earnings; Is INTC a buy at $80?

Published: Friday, April 24, 2026 at 7:39 am

Intel Stock Skyrockets After Strong Earnings Report

Intel (INTC) experienced a significant surge in its stock price following the release of its first-quarter earnings report. The stock jumped nearly 20% in after-hours trading on April 22nd, rising from a closing price of $66.78 to $80.10. This dramatic increase reflects a positive response to the company's financial performance.

The chipmaker reported a 7.2% increase in revenue compared to the same period last year, reaching $13.58 billion, surpassing analyst expectations of $12.42 billion. Earnings per share (EPS) also exceeded forecasts, coming in at $0.29, significantly higher than the anticipated $0.01.

Despite the impressive Q1 results, the question remains whether Intel stock is a "buy" at its current price. While the stock has become substantially more expensive overnight, analysts suggest that the long-term outlook remains positive, with the potential for further growth if the strong performance continues into the second quarter. However, some analysts suggest that the pre-market may bring a correction.

Intel's guidance for the second quarter presents a mixed picture. The company anticipates revenue between $13.8 billion and $14.8 billion, indicating continued growth. However, the projected EPS of $0.20 is lower than the Q1 figure, which could potentially concern investors.

Another factor to consider is the stock's recent performance. The 52-week high for Intel shares during regular trading sessions was $70.32. The current price is significantly above this level, and there is a risk that the stock may not sustain its gains, even though it is likely to enjoy multiple green sessions through the rest of April at least.

BNN's Perspective:

Intel's recent performance is undoubtedly encouraging, and the market's positive reaction is understandable. While the long-term outlook appears promising, investors should carefully consider the potential for short-term volatility and the impact of the company's Q2 guidance. A balanced approach, considering both the positive earnings and the potential for a correction, is advisable.

Keywords: Intel, INTC, stock, earnings, revenue, EPS, Q1, semiconductor, buy, investment, market, financial results, growth, analysts, trading, shares

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