Sales for the first quarter increased by 7.2 percent to $13.6 billion, equivalent to approximately SEK 126 billion, which compares with the Bloomberg news agency's forecast of $12.4 billion.
Earnings per share were 29 cents, compared with expectations of 1 cent.
Intel has struggled to meet demand for semiconductors and has been unable to ride the AI wave. But now the company is giving an optimistic forecast for the upcoming second quarter. It expects revenue of between $13.8 billion and $14.8 billion, compared with expectations of $13 billion.
The stock surged over 15 percent in after-hours trading on Wall Street.
