Intel Surges 24%: Largest Single-Day Gain Since 1987

Intel recorded an earnings surprise on April 24 with Q1 2026 revenue of $1.358B (beating estimates of $1.242B) and adjusted EPS of $0.29 (vs. consensus $0.01), sending shares up 24% to close at $82.57—the highest single-day gain since 1987. Data center revenue recovered to $5.1B, a 22% year-over-year increase, driven by AI CPU demand. Year-to-date, Intel stock is up 124%.