Intel (NASDAQ:INTC) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

by · The Markets Daily

Intel (NASDAQ:INTC – Get Free Report) released its quarterly earnings results on Thursday. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21, FiscalAI reports. The firm had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. Intel had a positive return on equity of 2.52% and a negative net margin of 19.79%.The company’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period last year, the business posted ($0.10) EPS. Intel updated its Q3 2026 guidance to 0.380-0.380 EPS.

Here are the key takeaways from Intel’s conference call:

  • Intel reported a strong Q2, with revenue of $16.1 billion, non-GAAP gross margin of 41.8%, and EPS of $0.42 all beating guidance, marking the seventh straight quarter of exceeding expectations.
  • Management said demand is still outpacing supply across AI-driven businesses, with AI-related revenue up more than 70% year over year and record data center growth driven by strong demand for x86 CPUs and Xeon 6.
  • Intel Foundry showed meaningful progress, with 18A output above target, improving yields, and risk production beginning on 18A-P; the company also said 14A is advancing ahead of plan and is slated for internal risk production in 2H 2027.
  • The company raised its 2026 CapEx outlook to more than $20 billion and indicated 2027 spending will be significantly higher, mostly tied to front-end fab tools and U.S. expansion, reflecting confidence in longer-term demand but also heavier cash needs.
  • Near-term guidance was mixed: Q3 revenue is forecast at $15.8 billion-$16.8 billion, but management said PC demand is likely to stay soft amid memory constraints while server demand remains strong, with supply still tight into Q4.

Intel Stock Down 7.9%

NASDAQ:INTC opened at $92.32 on Friday. The company has a market cap of $464.00 billion, a PE ratio of -43.75 and a beta of 2.18. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. Intel has a twelve month low of $18.97 and a twelve month high of $142.35. The company’s 50 day moving average is $115.84 and its two-hundred day moving average is $78.07.

Analyst Ratings Changes

Several brokerages recently issued reports on INTC. Bank of America boosted their target price on shares of Intel from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Evercore set a $95.00 target price on Intel in a research report on Friday, April 24th. Barclays upped their price target on Intel from $65.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Melius Research set a $150.00 target price on shares of Intel in a research note on Monday, May 18th. Finally, Raymond James Financial raised shares of Intel from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $107.67.

Read Our Latest Research Report on INTC

Insiders Place Their Bets

In other Intel news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the completion of the sale, the executive vice president directly owned 105,077 shares in the company, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Intel

Institutional investors have recently modified their holdings of the business. Morgan Stanley grew its position in shares of Intel by 20.4% in the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock valued at $2,407,698,000 after purchasing an additional 11,056,090 shares during the period. AQR Capital Management LLC lifted its position in shares of Intel by 61.3% in the third quarter. AQR Capital Management LLC now owns 25,001,621 shares of the chip maker’s stock valued at $838,804,000 after acquiring an additional 9,503,402 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Intel by 66.4% in the second quarter. Rafferty Asset Management LLC now owns 19,396,839 shares of the chip maker’s stock worth $434,489,000 after acquiring an additional 7,736,635 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Intel by 191.5% during the fourth quarter. Renaissance Technologies LLC now owns 9,889,367 shares of the chip maker’s stock worth $364,921,000 after purchasing an additional 6,497,102 shares in the last quarter. Finally, Bank of Nova Scotia raised its stake in Intel by 270.3% in the 4th quarter. Bank of Nova Scotia now owns 5,866,574 shares of the chip maker’s stock valued at $216,477,000 after purchasing an additional 4,282,248 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

  • Positive Sentiment: Intel beat Q2 expectations with EPS of $0.42 versus $0.21 expected and revenue of $16.13 billion versus $14.43 billion, marking its fastest revenue growth in more than 15 years. Reuters article
  • Positive Sentiment: Intel’s Q3 guidance topped estimates, signaling management sees continued momentum from AI-related server-chip demand and improving foundry execution. CNBC article
  • Positive Sentiment: Analysts and media coverage highlighted stronger data-center and AI demand, along with early progress in Intel’s foundry business and 18A manufacturing roadmap. MarketWatch/Fool article

Intel Company Profile

(Get Free Report)

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.

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