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美股半导体股盘前涨幅持续扩大！英特尔一度涨超30%、AMD涨超10%

4月24日，美股半导体股盘前涨幅持续扩大！$英特尔(INTC)$一度涨超30%、$AMD(AMD)$涨超10%、ARM涨超8%。

美股半导体股盘前涨幅持续扩大！英特尔一度涨超30%、AMD涨超10%

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tg-height=\"735\"/></p><p>英特尔发布2026财年一季度财报，营收、毛利率、每股收益均突破指引上限，实现连续第六个季度超出市场预期。</p><p>财报数据显示，英特尔一季度总营收达136亿美元，同比增长7%，较公司此前给出的指引中值高出14亿美元，大幅跑赢华尔街预期。</p><p>盈利层面呈现显著分化，GAAP（美国通用会计准则）下归属于公司的净亏损37亿美元，每股亏损0.73美元，主要受40.7亿美元重组及其他费用、Mobileye商誉减值等一次性项目影响；剔除股权薪酬、重组费用等非经常性损益后，非GAAP净利润15亿美元，同比大增156%，每股收益0.29美元，远超市场此前盈亏平衡的预期，盈利质量大幅改善。</p><p>毛利率表现同样亮眼，GAAP毛利率39.4%，同比提升2.5个百分点，非GAAP毛利率41.0%，同比提升1.8 个百分点，产品结构优化与工艺良率提升成为核心驱动力。</p><p>经营层面，一季度，英特尔经营现金流11亿美元，研发及营销管理费用44亿美元，同比下降8%，成本控制成效显著，为利润增长提供了支撑。</p><p>其业务板块呈现结构性增长，AI成为贯穿全线的核心主线。其中数据中心与人工智能部门（DCAI）营收51亿美元，同比激增22%，环比增长7%，成为拉动增长的最强引擎，ASIC收入环比增长超30%，同比近乎翻倍，Xeon 6处理器获谷歌、英伟达等巨头订单，坐稳AI基础设施核心CPU地位。</p><p>客户计算集团（CCG）营收77亿美元，同比微增1%，AI PC营收环比增长8%，占客户端CPU组合超60%，酷睿Ultra 3代系列成为近五年最强新品，稳住消费与商用市场基本盘。</p><p>英特尔代工业务营收54亿美元，同比增长16%，环比增长20%，Intel 3工艺EUV晶圆占比提升、18A工艺良率超预期，马来西亚封测产能扩张持续夯实第二增长曲线。受Altera分拆影响，其他业务营收6亿美元，同比下降33%，对整体增长拖累有限。</p><p>业绩爆发的背后，是AI算力需求重构与公司战略转型的双重共振。英特尔CEO陈立武在财报电话会上指出，AI正从基础模型训练向推理、智能体演进，分布式计算浪潮让CPU重新成为AI技术栈的调度层与控制平面，这一结构性变化带来持续且庞大的CPU需求，公司全产品线需求远超供应，尤其是Xeon服务器CPU，强劲势头将延续至2027年。</p><p>“今天的英特尔，与我一年多前刚加入时已截然不同。我们已采取并将持续采取明确举措，重塑英特尔成为更具竞争力、更具盈利能力的公司。我们的文化转型正稳步推进，我们回归初心——以数据驱动、保持危机意识、以工程为核心。”陈立武说。</p><p>CFO戴夫·津斯纳补充表示，公司AI相关业务已占总营收60%，同比增长40%，产能提升、产品组合优化与定价策略共同推动毛利率超预期，尽管18A工艺仍处爬坡初期，但良率改善有效抵消初期高成本压力。从战略落地来看，Intel 18A工艺量产提速、14A工艺进展超预期，与SpaceX、xAI、特斯拉合作Terafab项目探索制造革新，回购爱尔兰Fab 34少数股权强化产能掌控，一系列动作表明公司从“求生存”向“抢增长”的彻底转变。</p><p>亮眼业绩之下，三大隐忧仍不容忽视，成为制约该公司长期增长的关键变量。</p><p>最突出的是产能严重不足，管理层直言需求缺口达数十亿美元，缓冲库存耗尽，供应短缺直接压制营收上限，即便客户需求旺盛也无法完全转化为业绩，成为当前最核心的增长瓶颈。</p><p>其次是盈利结构脆弱，GAAP亏损规模扩大，一次性减值与重组费用仍未出清，历史包袱持续影响财务表现，二季度GAAP每股收益指引仅0.08美元，盈利稳定性有待验证。</p><p>此外，PC市场复苏乏力，公司预计全年PC出货量同比低双位数下滑，下半年需求将进一步走弱，客户计算业务难提供增长弹性，过度依赖数据中心单一引擎的风险加剧。同时，AI赛道竞争白热化，英伟达GPU主导训练市场，AMD在服务器CPU领域快速追赶，CPU的AI核心地位面临持续挑战。</p><p>不过，针对二季度，英特尔给出稳健且积极的业绩指引，进一步强化增长预期。公司预计二季度营收138亿至148亿美元，环比增长2%-9%，非GAAP毛利率39.0%，非GAAP每股收益0.20美元，GAAP每股收益0.08美元。业绩增长主要依托供应改善与AI需求持续释放，预计DCAI业务实现双位数环比增长，CCG业务同步回升，代工业务随18A工艺爬坡持续减亏。</p><p>全年来看，英特尔维持资本支出与去年持平的预期，聚焦晶圆产能扩张，持续推动毛利率提升，尽管面临内存等原材料成本上涨压力，但对AI驱动的长期增长充满信心。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美股半导体股盘前涨幅持续扩大！英特尔一度涨超30%、AMD涨超10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ 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left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美股半导体股盘前涨幅持续扩大！英特尔一度涨超30%、AMD涨超10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-04-24 18:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>4月24日，美股半导体股盘前涨幅持续扩大！<a href=\"https://laohu8.com/S/INTC\">英特尔</a>一度涨超30%、<a href=\"https://laohu8.com/S/AMD\">AMD</a>涨超10%、<a href=\"https://laohu8.com/S/ARM\">ARM</a>涨超8%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3999417ba1c6f2c9d83d16d6e51f7e8c\" title=\"\" tg-width=\"861\" tg-height=\"734\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/052641a31fda9e58bf6676c85b0c3409\" title=\"\" tg-width=\"858\" tg-height=\"738\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/77b4a0511e26c899e38acac41bc7f669\" title=\"\" tg-width=\"864\" tg-height=\"735\"/></p><p>英特尔发布2026财年一季度财报，营收、毛利率、每股收益均突破指引上限，实现连续第六个季度超出市场预期。</p><p>财报数据显示，英特尔一季度总营收达136亿美元，同比增长7%，较公司此前给出的指引中值高出14亿美元，大幅跑赢华尔街预期。</p><p>盈利层面呈现显著分化，GAAP（美国通用会计准则）下归属于公司的净亏损37亿美元，每股亏损0.73美元，主要受40.7亿美元重组及其他费用、Mobileye商誉减值等一次性项目影响；剔除股权薪酬、重组费用等非经常性损益后，非GAAP净利润15亿美元，同比大增156%，每股收益0.29美元，远超市场此前盈亏平衡的预期，盈利质量大幅改善。</p><p>毛利率表现同样亮眼，GAAP毛利率39.4%，同比提升2.5个百分点，非GAAP毛利率41.0%，同比提升1.8 个百分点，产品结构优化与工艺良率提升成为核心驱动力。</p><p>经营层面，一季度，英特尔经营现金流11亿美元，研发及营销管理费用44亿美元，同比下降8%，成本控制成效显著，为利润增长提供了支撑。</p><p>其业务板块呈现结构性增长，AI成为贯穿全线的核心主线。其中数据中心与人工智能部门（DCAI）营收51亿美元，同比激增22%，环比增长7%，成为拉动增长的最强引擎，ASIC收入环比增长超30%，同比近乎翻倍，Xeon 6处理器获谷歌、英伟达等巨头订单，坐稳AI基础设施核心CPU地位。</p><p>客户计算集团（CCG）营收77亿美元，同比微增1%，AI PC营收环比增长8%，占客户端CPU组合超60%，酷睿Ultra 3代系列成为近五年最强新品，稳住消费与商用市场基本盘。</p><p>英特尔代工业务营收54亿美元，同比增长16%，环比增长20%，Intel 3工艺EUV晶圆占比提升、18A工艺良率超预期，马来西亚封测产能扩张持续夯实第二增长曲线。受Altera分拆影响，其他业务营收6亿美元，同比下降33%，对整体增长拖累有限。</p><p>业绩爆发的背后，是AI算力需求重构与公司战略转型的双重共振。英特尔CEO陈立武在财报电话会上指出，AI正从基础模型训练向推理、智能体演进，分布式计算浪潮让CPU重新成为AI技术栈的调度层与控制平面，这一结构性变化带来持续且庞大的CPU需求，公司全产品线需求远超供应，尤其是Xeon服务器CPU，强劲势头将延续至2027年。</p><p>“今天的英特尔，与我一年多前刚加入时已截然不同。我们已采取并将持续采取明确举措，重塑英特尔成为更具竞争力、更具盈利能力的公司。我们的文化转型正稳步推进，我们回归初心——以数据驱动、保持危机意识、以工程为核心。”陈立武说。</p><p>CFO戴夫·津斯纳补充表示，公司AI相关业务已占总营收60%，同比增长40%，产能提升、产品组合优化与定价策略共同推动毛利率超预期，尽管18A工艺仍处爬坡初期，但良率改善有效抵消初期高成本压力。从战略落地来看，Intel 18A工艺量产提速、14A工艺进展超预期，与SpaceX、xAI、特斯拉合作Terafab项目探索制造革新，回购爱尔兰Fab 34少数股权强化产能掌控，一系列动作表明公司从“求生存”向“抢增长”的彻底转变。</p><p>亮眼业绩之下，三大隐忧仍不容忽视，成为制约该公司长期增长的关键变量。</p><p>最突出的是产能严重不足，管理层直言需求缺口达数十亿美元，缓冲库存耗尽，供应短缺直接压制营收上限，即便客户需求旺盛也无法完全转化为业绩，成为当前最核心的增长瓶颈。</p><p>其次是盈利结构脆弱，GAAP亏损规模扩大，一次性减值与重组费用仍未出清，历史包袱持续影响财务表现，二季度GAAP每股收益指引仅0.08美元，盈利稳定性有待验证。</p><p>此外，PC市场复苏乏力，公司预计全年PC出货量同比低双位数下滑，下半年需求将进一步走弱，客户计算业务难提供增长弹性，过度依赖数据中心单一引擎的风险加剧。同时，AI赛道竞争白热化，英伟达GPU主导训练市场，AMD在服务器CPU领域快速追赶，CPU的AI核心地位面临持续挑战。</p><p>不过，针对二季度，英特尔给出稳健且积极的业绩指引，进一步强化增长预期。公司预计二季度营收138亿至148亿美元，环比增长2%-9%，非GAAP毛利率39.0%，非GAAP每股收益0.20美元，GAAP每股收益0.08美元。业绩增长主要依托供应改善与AI需求持续释放，预计DCAI业务实现双位数环比增长，CCG业务同步回升，代工业务随18A工艺爬坡持续减亏。</p><p>全年来看，英特尔维持资本支出与去年持平的预期，聚焦晶圆产能扩张，持续推动毛利率提升，尽管面临内存等原材料成本上涨压力，但对AI驱动的长期增长充满信心。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{"159582":"半导体","SOXX":"iShares费城交易所半导体ETF","INTC":"英特尔","LU2148611432.USD":"AZ ALLOCATION BALANCED BRAVE \"AAZ\" (USDHDG) ACC","SOXY":"YieldMax Target 12 Semiconductor 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ETF"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116532403","content_text":"4月24日，美股半导体股盘前涨幅持续扩大！英特尔一度涨超30%、AMD涨超10%、ARM涨超8%。英特尔发布2026财年一季度财报，营收、毛利率、每股收益均突破指引上限，实现连续第六个季度超出市场预期。财报数据显示，英特尔一季度总营收达136亿美元，同比增长7%，较公司此前给出的指引中值高出14亿美元，大幅跑赢华尔街预期。盈利层面呈现显著分化，GAAP（美国通用会计准则）下归属于公司的净亏损37亿美元，每股亏损0.73美元，主要受40.7亿美元重组及其他费用、Mobileye商誉减值等一次性项目影响；剔除股权薪酬、重组费用等非经常性损益后，非GAAP净利润15亿美元，同比大增156%，每股收益0.29美元，远超市场此前盈亏平衡的预期，盈利质量大幅改善。毛利率表现同样亮眼，GAAP毛利率39.4%，同比提升2.5个百分点，非GAAP毛利率41.0%，同比提升1.8 个百分点，产品结构优化与工艺良率提升成为核心驱动力。经营层面，一季度，英特尔经营现金流11亿美元，研发及营销管理费用44亿美元，同比下降8%，成本控制成效显著，为利润增长提供了支撑。其业务板块呈现结构性增长，AI成为贯穿全线的核心主线。其中数据中心与人工智能部门（DCAI）营收51亿美元，同比激增22%，环比增长7%，成为拉动增长的最强引擎，ASIC收入环比增长超30%，同比近乎翻倍，Xeon 6处理器获谷歌、英伟达等巨头订单，坐稳AI基础设施核心CPU地位。客户计算集团（CCG）营收77亿美元，同比微增1%，AI PC营收环比增长8%，占客户端CPU组合超60%，酷睿Ultra 3代系列成为近五年最强新品，稳住消费与商用市场基本盘。英特尔代工业务营收54亿美元，同比增长16%，环比增长20%，Intel 3工艺EUV晶圆占比提升、18A工艺良率超预期，马来西亚封测产能扩张持续夯实第二增长曲线。受Altera分拆影响，其他业务营收6亿美元，同比下降33%，对整体增长拖累有限。业绩爆发的背后，是AI算力需求重构与公司战略转型的双重共振。英特尔CEO陈立武在财报电话会上指出，AI正从基础模型训练向推理、智能体演进，分布式计算浪潮让CPU重新成为AI技术栈的调度层与控制平面，这一结构性变化带来持续且庞大的CPU需求，公司全产品线需求远超供应，尤其是Xeon服务器CPU，强劲势头将延续至2027年。“今天的英特尔，与我一年多前刚加入时已截然不同。我们已采取并将持续采取明确举措，重塑英特尔成为更具竞争力、更具盈利能力的公司。我们的文化转型正稳步推进，我们回归初心——以数据驱动、保持危机意识、以工程为核心。”陈立武说。CFO戴夫·津斯纳补充表示，公司AI相关业务已占总营收60%，同比增长40%，产能提升、产品组合优化与定价策略共同推动毛利率超预期，尽管18A工艺仍处爬坡初期，但良率改善有效抵消初期高成本压力。从战略落地来看，Intel 18A工艺量产提速、14A工艺进展超预期，与SpaceX、xAI、特斯拉合作Terafab项目探索制造革新，回购爱尔兰Fab 34少数股权强化产能掌控，一系列动作表明公司从“求生存”向“抢增长”的彻底转变。亮眼业绩之下，三大隐忧仍不容忽视，成为制约该公司长期增长的关键变量。最突出的是产能严重不足，管理层直言需求缺口达数十亿美元，缓冲库存耗尽，供应短缺直接压制营收上限，即便客户需求旺盛也无法完全转化为业绩，成为当前最核心的增长瓶颈。其次是盈利结构脆弱，GAAP亏损规模扩大，一次性减值与重组费用仍未出清，历史包袱持续影响财务表现，二季度GAAP每股收益指引仅0.08美元，盈利稳定性有待验证。此外，PC市场复苏乏力，公司预计全年PC出货量同比低双位数下滑，下半年需求将进一步走弱，客户计算业务难提供增长弹性，过度依赖数据中心单一引擎的风险加剧。同时，AI赛道竞争白热化，英伟达GPU主导训练市场，AMD在服务器CPU领域快速追赶，CPU的AI核心地位面临持续挑战。不过，针对二季度，英特尔给出稳健且积极的业绩指引，进一步强化增长预期。公司预计二季度营收138亿至148亿美元，环比增长2%-9%，非GAAP毛利率39.0%，非GAAP每股收益0.20美元，GAAP每股收益0.08美元。业绩增长主要依托供应改善与AI需求持续释放，预计DCAI业务实现双位数环比增长，CCG业务同步回升，代工业务随18A工艺爬坡持续减亏。全年来看，英特尔维持资本支出与去年持平的预期，聚焦晶圆产能扩张，持续推动毛利率提升，尽管面临内存等原材料成本上涨压力，但对AI驱动的长期增长充满信心。","news_type":1,"symbols_score_info":{"159582":1.5,"ARMU":0.6,"SMHX":1.5,"ARMG":0.6,"VGT":1.5,"INTW":0.6,"PSI":1.5,"AMD":1.5,"SOXX":1.5,"AMDD":0.6,"SMH":1.5,"AMDY":0.6,"AMDL":0.6,"DAMD":0.6,"SOXQ":1.5,"ARMW":0.6,"INTC":1.5,"USD":1.5,"SOXS":1.5,"AMDG":0.6,"SOXY":1.5,"AMUU":0.6,"XSD":1.5,"CHPY":1.5,"AMYY":0.6,"LINT":0.6,"ARM":1.5,"SSG":1.5,"AMDW":0.6,"SOXL":1.5,"AMDU":0.6}},"isVote":1,"tweetType":1,"viewCount":656,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}