Intel (INTC) reported Q1 FY 2018 earnings of $0.87 per share (versus $0.66 in Q1 FY 2017), beating analysts' consensus estimate of $0.72.

The company's quarterly revenues amounted to $16.100 bln (+8.8% y/y), beating analysts' consensus estimate of $15.076 bln.

The company also issued upside guidance for Q2, projecting EPS of $0.80-0.90 (versus analysts' consensus estimate of $0.82) at Q2 revenues of $15.8-16.8 bln (versus analysts' consensus estimate of $15.59 bln).

For the FY 2018, the company forecasts EPS of $3.66-4.04 (versus its prior guidance of $3.55 and analysts' consensus estimate of $3.58) and revenues of $66.5-68.5 bln (versus its prior projection of $65 bln and analysts' consensus estimate of $65.07 bln).

INTC rose to $56.35 (+6.22%) in pre-market trading.