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U.S. government sits on $26.5 billion gain from Intel stake, as shares surge 22%
The surge in Intel shares, up more than 22% after earnings, has significantly boosted the value of the U.S. government’s position.
Apr 24, 2026, 9:05 a.m.
What to know:
- The U.S. government’s stake in Intel, acquired at $20.47 per share, is now worth approximately $35.4 billion.
- Intel’s stronger-than-expected earnings, driven by AI and data center growth, fueled the sharp 22% rally in pre-market trading on Friday.
- Growth was led by Intel’s Data Center and AI segment, which rose 22% to $5.1 billion as demand for Xeon processors accelerates alongside the broader AI infrastructure buildout.
The government also holds warrants to purchase an additional 5% stake at $20 per share, options that are now deep in the money.
Intel’s rally was driven by a sharp earnings beat. The company reported first-quarter revenue of $13.6 billion, up 7% year over year and above Wall Street expectations of $12.4 billion. Non-GAAP earnings per share came in at $0.29, far exceeding the consensus estimate of a $0.01 loss.
Growth was led by Intel’s Data Center and AI segment, which rose 22% to $5.1 billion as demand for Xeon processors accelerates alongside the broader AI infrastructure buildout.
