The chipmaking giant reported adjusted earnings per share for its fiscal first quarter ending in April of 88 cents, ahead of analyst estimates of 81 cents, while revenue was $2.22 billion, slightly ahead of analysts' estimates of $2.196 billion.
Shares were rising more than 6% to $170.24 following the release of the report.
TheStreet and Real Money's tech columnist, Eric Jhonsa and Real Money's Timothy Collins are analyzing the company's earnings, as well as its call with analysts scheduled for 5:30 p.m. ET. To submit questions, please sign in at the top of the chat window and type in your question.