Azure and other cloud services expanded 43% with total intelligent cloud revenue reaching $39.3 billion, a 32% gain, and Azure crossed $100 billion in annual revenue for the first time in the company’s history. Microsoft 365 Copilot added users at a pace that pushed paid seats beyond 30 million.
For companies operating across foundry and fabrication like Intel, a result of that magnitude from the world’s largest enterprise software vendor translates into direct confirmation that AI infrastructure spending and the chip demand it generates remains on a durable upward trajectory.
The memory division was the engine behind the outperformance, generating another record quarter on the back of relentless demand for server DRAM and HBM products tied to AI infrastructure buildout, with supply constraints persisting despite the industry’s best efforts to accelerate production.
Samsung said those constraints are not expected to ease quickly and flagged 2028 as the horizon before conditions normalize, a projection that strips out the near-term oversupply fear that had been haunting the group and gives companies across the chip ecosystem a credible multi-year demand framework to operate within.
INTC Price Action: Intel shares were up 12.10% at $91.79 at the time of publication on Thursday, according to Benzinga Pro.
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