Check out the companies making the biggest premarket moves: Intel — Shares rose nearly 27% after the chipmaker reported first-quarter profits that beat Wall Street expectations. Intel posted adjusted earnings of 29 cents per share on sales of $13.58 billion, while analysts surveyed by LSEG had expected earnings of 1 cent per share on sales of $12.42 billion. Intel’s second-quarter forecast also far exceeded analyst expectations. Procter & Gamble — The consumer products giant soared more than 3% after better-than-expected fiscal third-quarter results. Proctor had adjusted earnings of $1.59 per share on revenue of $21.24 billion. Analysts polled by LSEG expected sales of $20.5 billion and earnings of $1.56 per share. Advanced Micro Devices — Shares rose nearly 12% as Intel’s results gave investors new confidence in the AI industry and the company received an upgrade from Attorney General Davidson. The company said Intel’s huge profits portend a significant expansion of its CPU business. Boyd Gaming — The gambling and hospitality stock fell 6% after Boyd reported first-quarter adjusted earnings per share of $1.60, below the LSEG consensus of $1.73. Sales also came in at $997.4 million, lower than the $1 billion estimate. Performance deteriorated due to sluggish profits in the Las Vegas business. SAP — Software shares soared nearly 7% after the company’s $1.72 per share excluding items for the latest quarter beat estimates of $1.69 per LSEG. SAP Cloud revenue increased 19%. The company said its 2026 financial outlook is based on the assumption that the Middle East conflict does not escalate. SLM — Shares rose 1% as the student loan provider earned $1.54 per share, up from $1.40 per share a year ago. Sallie Mae also raised its full-year earnings outlook to $3.10 to $3.20 per share, up from previous expectations of $2.70 to $2.80, which was above FactSet’s estimate of $2.78. MaxLinear — The company’s stock soared 38% after the company reported better-than-expected first-quarter results and raised its estimates. MaxLinear earned adjusted earnings of 22 cents per share on revenue of $137.2 million. Analysts had expected the company to report earnings of 18 cents per share on revenue of $134.6 million, according to FactSet. Comfort Systems USA — The HVAC systems provider rose 7% after reporting better-than-expected first-quarter results and raising its dividend. The company earned $10.51 per share on revenue of $2.87 billion. Analysts had expected revenue of $2.39 billion and earnings per share of $6.81, according to FactSet. Hartford Insurance Group — Shares fell nearly 5% after the insurance company reported first-quarter adjusted earnings of $3.09 per share. That was below the consensus estimate of $3.39 per share, according to FactSet. Hartford’s revenue came in at $7.23 billion, missing expectations by $7.35 billion. ServiceNow — The software company rebounded nearly 2% after its stock had its worst day ever on Thursday. ServiceNow plummeted nearly 18% after its quarterly earnings report revealed that its subscription revenue took a hit from the U.S.-Iran war, even though it still outpaced profits and sales. Semiconductor stocks — Many other chipmakers also participated in the rally driven by Intel’s earnings. Arm Holdings soared more than 7.5%. Marvell Technology rose 4% and Qualcomm rose 2%. The iShares Semiconductor ETF rose 4%, marking a green pace for the 18th consecutive trading session. Memory stocks — Memory stocks also joined the rise in AI trading. Lam Research and Western Digital both rose about 3%. Micron Technology, SanDisk and Seagate Technology all rose about 2.5%. — CNBC’s Fred Imbert contributed to the report Correction: A previous version incorrectly stated Procter’s earnings per share for the fiscal third quarter.
