Intel posted a 25 per cent jump in first-quarter revenue to $12.8 billion this evening, beating estimates even as the PC chip heavyweight struggles to find its footing with smartphones and tablets.
Intel's first-quarter net income was $3.2 billion, up 29 per cent over the year-ago period. Earnings per share were 56 cents.
Analysts had expected first-quarter revenue of $11.59 billion, according to Thomson Reuters I/B/E/S.
Shares of Intel rose 3.5 per cent in extended trading after closing up 1.22 percent on Nasdaq.
Concerns that Apple Inc's iPad tablets are squeezing sales of traditional PCs have hung over Intel, along with worries across the electronics industry about supply constraints after Japan's March 14 earthquake and tsunami.
Computer sales in the first quarter fell for the first time since 2009 as Apple's iPad attracted buyers in droves and Japan focused on recovering from the earthquake and tsunami, according to research firm Gartner.
Helped by those additions, Intel said revenue in the current quarter would be $12.8 billion, plus or minus $500 million.
Agencies