Earnings Results: Intel tops Wall Street estimates, CEO says data-center business is improving

Written by on April 28, 2023

Earnings Results


Stock pops higher as both PC, data-center businesses exceed expectations

Intel reported first-quarter results Thursday.


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A previous version of this article included an inaccurate number for Intel’s second-quarter profit forecast. It has been updated.

Intel Corp. shares surged in the extended session Thursday, swinging from an initial loss after the chip maker topped Wall Street estimates for the quarter, and Chief Executive Pat Gelsinger assured analysts that the company’s data-center business was improving.

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