Intel (NASDAQ:INTC) Posts Earnings Results, Beats Expectations By $0.21 EPS

Posted by Brian Himes on Jul 23rd, 2026

Intel (NASDAQ:INTC – Get Free Report) announced its quarterly earnings data on Thursday. The chip maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21, FiscalAI reports. The firm had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. Intel updated its Q3 2026 guidance to 0.380-0.380 EPS.

Intel Trading Down 2.3%

Shares of NASDAQ INTC traded down $2.39 during mid-day trading on Thursday, reaching $100.23. 108,079,419 shares of the company’s stock were exchanged, compared to its average volume of 119,889,844. The company’s 50-day moving average is $116.48 and its 200-day moving average is $77.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. The firm has a market capitalization of $503.76 billion, a price-to-earnings ratio of -161.66 and a beta of 2.18. Intel has a 52-week low of $18.97 and a 52-week high of $142.35.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

Positive Sentiment: Intel reportedly secured its first named outside foundry customer under Lip-Bu Tan, a sign that its contract manufacturing strategy may be gaining traction. Intel’s Foundry Just Landed Its First Named Outside Customer Under Lip-Bu Tan. The Stock Jumped More Than 8% — 2 Days Before Earnings.
Positive Sentiment: Fortinet announced a collaboration with Intel on a security processor built on Intel 4, reinforcing foundry credibility and adding a visible customer win. Fortinet and Intel Just Announced a New Collaboration. The Real Test for FTNT Stock Is Earnings.
Positive Sentiment: Multiple reports say Intel and AMD are locking in longer-term China server CPU demand, which could support near-term revenue and pricing. Intel, AMD sign long-term server CPU deals with Chinese clients as prices surge, sources say
Neutral Sentiment: Analysts broadly expect Intel to report around $0.22 EPS on roughly $14.4 billion in revenue, so the market is focused on whether results merely meet or can materially beat expectations. Intel Q2 Preview: Stock Hammers Nvidia with 7x Returns Since Dow Swap — Will Earnings Fuel Further Gains?
Negative Sentiment: Several previews warn that Intel’s valuation and recent rally leave little room for disappointment, especially if PC demand stays weak or guidance underwhelms. Intel Stock Nearly Tripled in 2026 — Q2 Earnings Could Be a Reality Check

Insider Buying and Selling

In other Intel news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 105,077 shares of the company’s stock, valued at $10,458,313.81. This trade represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.05% of the stock is owned by insiders.

Institutional Trading of Intel

Several institutional investors have recently added to or reduced their stakes in INTC. Sivia Capital Partners LLC grew its position in Intel by 271.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker’s stock valued at $766,000 after acquiring an additional 25,001 shares in the last quarter. United Bank purchased a new stake in Intel during the 2nd quarter worth approximately $205,000. Gamco Investors INC. ET AL increased its stake in Intel by 12.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker’s stock worth $308,000 after buying an additional 1,508 shares during the period. NewEdge Advisors LLC lifted its holdings in Intel by 29.6% during the 2nd quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker’s stock worth $3,545,000 after buying an additional 36,116 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Intel by 9.9% in the 2nd quarter. Sei Investments Co. now owns 828,352 shares of the chip maker’s stock valued at $18,556,000 after buying an additional 74,838 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of recent research reports. HC Wainwright set a $150.00 price target on shares of Intel in a research report on Monday, June 29th. The Goldman Sachs Group assumed coverage on Intel in a research report on Thursday, June 25th. They set a “neutral” rating and a $150.00 price target on the stock. TD Cowen raised their price objective on shares of Intel from $75.00 to $115.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Robert W. Baird upped their price target on Intel from $50.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Wells Fargo & Company upped their price objective on shares of Intel from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $102.77.

Check Out Our Latest Analysis on INTC

About Intel

(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.