Intel (NASDAQ:INTC) Updates Q3 2026 Earnings Guidance

Intel (NASDAQ:INTC) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.380-0.380 for the period, compared to the consensus earnings per share estimate of 0.240. The company issued revenue guidance of $15.8 billion-$16.8 billion, compared to the consensus revenue estimate of $15.0 billion.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Cantor Fitzgerald lowered their target price on Intel from $150.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday. Robert W. Baird set a $125.00 target price on shares of Intel in a research report on Friday. Truist Financial upped their target price on shares of Intel from $81.00 to $108.00 and gave the company a “hold” rating in a report on Friday. Evercore set a $95.00 price objective on shares of Intel in a research report on Friday, April 24th. Finally, HSBC reiterated a “buy” rating on shares of Intel in a research report on Friday. Two research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $107.67.

Intel Price Performance

Intel stock opened at $92.32 on Friday. The company has a market cap of $464.00 billion, a price-to-earnings ratio of -43.75 and a beta of 2.18. The firm’s fifty day moving average is $115.84 and its 200 day moving average is $78.07. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34. Intel has a 52-week low of $18.97 and a 52-week high of $142.35.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.52%. The business had revenue of $16.13 billion during the quarter, compared to analysts’ expectations of $14.43 billion. During the same period last year, the company posted ($0.10) EPS. The business’s revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Sell-side analysts forecast that Intel will post 0.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intel news, EVP Boise April Miller sold 40,256 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the sale, the executive vice president directly owned 105,077 shares in the company, valued at $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.05% of the stock is owned by insiders.

Intel News Summary

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

Institutional Investors Weigh In On Intel

Hedge funds and other institutional investors have recently made changes to their positions in the company. Swiss RE Ltd. bought a new position in Intel in the fourth quarter worth approximately $29,000. McMillan Office Inc. bought a new position in Intel during the 4th quarter worth about $35,000. Miller Capital Partners Inc. bought a new stake in shares of Intel in the 4th quarter valued at about $37,000. Strive Financial Group LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $44,000. Finally, Transamerica Financial Advisors LLC raised its stake in Intel by 150.7% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,369 shares of the chip maker’s stock worth $51,000 after buying an additional 823 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Company Profile

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.