Intel (NASDAQ:INTC) Posts Earnings Results, Beats Expectations By $0.28 EPS

Intel (NASDAQ:INTC) posted its quarterly earnings results on Thursday. The chip maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.28, FiscalAI reports. The business had revenue of $13.58 billion during the quarter, compared to analyst estimates of $12.32 billion. Intel had a negative net margin of 0.51% and a negative return on equity of 0.44%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. Intel updated its Q2 2026 guidance to 0.200-0.200 EPS.

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

• Intel beat Q1 expectations with $13.6 billion revenue, a 41% non‑GAAP gross margin and $0.29 EPS, while AI‑related businesses now represent 60% of revenue and grew 40% year‑over‑year.
• Product ramps are accelerating — Intel 3‑based Xeon 6 and 18A‑based Core Series 3 are in full volume ramp (the fastest in five years) and multiple LTAs including Google signal sustained server CPU demand.
• Foundry and advanced packaging show steady technical progress (improving Intel 18A and 14A yields and growing packaging backlog), but external foundry revenue remains small ($174M) and the Foundry segment still posted a $2.4B operating loss this quarter.
• Cash and cost pressures — adjusted free cash flow was ‑$2B in Q1, Intel funded the Fab 34 buyout with ~$7.7B cash and $6.5B debt, tool spend is up ~25% and rising input costs (memory, substrates) are a potential gross‑margin headwind in H2.

Intel Trading Up 2.3%

NASDAQ:INTC opened at $66.78 on Friday. The stock’s 50 day moving average price is $50.39 and its 200 day moving average price is $44.00. Intel has a 52 week low of $18.97 and a 52 week high of $70.32. The company has a market capitalization of $333.57 billion, a P/E ratio of -834.65, a P/E/G ratio of 14.44 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.65 and a current ratio of 2.02.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research analyst reports. Daiwa Securities Group increased their price target on shares of Intel from $41.00 to $50.00 in a research report on Tuesday, February 3rd. Barclays set a $45.00 price target on shares of Intel in a research report on Thursday, January 15th. Citigroup initiated coverage on shares of Intel in a research report on Tuesday. They issued a “buy” rating for the company. Northland Securities increased their price target on shares of Intel from $54.00 to $92.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Finally, HSBC raised shares of Intel from a “hold” rating to a “buy” rating and increased their price target for the stock from $50.00 to $95.00 in a research report on Tuesday. Twelve equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $54.86.

Insider Buying and Selling

In related news, EVP David Zinsner purchased 5,882 shares of the stock in a transaction on Monday, January 26th. The shares were bought at an average price of $42.50 per share, for a total transaction of $249,985.00. Following the completion of the acquisition, the executive vice president directly owned 247,392 shares in the company, valued at approximately $10,514,160. This trade represents a 2.44% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Boise April Miller sold 20,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $49.05, for a total value of $981,000.00. Following the transaction, the executive vice president owned 113,060 shares in the company, valued at approximately $5,545,593. This trade represents a 15.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Intel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTC. Sivia Capital Partners LLC grew its holdings in Intel by 271.8% during the second quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker’s stock valued at $766,000 after purchasing an additional 25,001 shares during the last quarter. United Bank acquired a new position in Intel during the second quarter valued at approximately $205,000. Gamco Investors INC. ET AL grew its holdings in Intel by 12.3% during the second quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker’s stock valued at $308,000 after purchasing an additional 1,508 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Intel by 29.6% during the second quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker’s stock valued at $3,545,000 after purchasing an additional 36,116 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Intel by 9.9% during the second quarter. Sei Investments Co. now owns 828,352 shares of the chip maker’s stock valued at $18,556,000 after purchasing an additional 74,838 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Blockbuster Q1 beat and bullish Q2 outlook — management cited surging demand for AI/server CPUs, producing a big upside to consensus and a sharp jump in shares. Intel set for record high as AI-driven CPU demand powers upbeat forecast
• Positive Sentiment: Tesla/14A foundry link and partner momentum — Elon Musk signaled Tesla will use Intel’s 14A process for its Terafab project, boosting Intel’s foundry credibility and investor optimism about future external customers. Elon Musk lays out Terafab AI chip project plan
• Positive Sentiment: Market breadth and derivatives reaction amplified the move — semiconductor ETFs, Nasdaq futures and other chip names rallied on Intel’s results, producing sector momentum that lifted INTC further. Nasdaq Futures Rally as Intel Soars on Blockbuster Sales Forecast
• Neutral Sentiment: Macro/geo risks keep overall markets mixed — traders note Iran tensions and oil price risk could cap broader market upside even as semiconductors outperformed. Dow futures tumble 130 points: 5 things to know before market opens
• Negative Sentiment: Portion of upside flagged as non-recurring — Intel’s CFO said upside included surprise sales of previously written-off inventory and price increases, which could mean part of the beat is not repeatable. Intel Stock Pops After Chipmaker Crushes Q1 Expectations: CFO Dave Zinsner Flags Boost From Written-Off Inventory, Signals Continued Price Hikes
• Negative Sentiment: Structural/valuation questions remain — analysts warn the rally may be stretched, foundry profitability is still uncertain, and high expectations raise the risk of a corrective “sell‑the‑news” move. Intel’s stock has soared ahead of earnings. Are expectations now too high?
• Negative Sentiment: Technical and volatility risk — options and technical analysts flagged potential pullback risk after a rapid, multi-month rally; traders should expect elevated intraday moves. Intel: Overstretched Rally, Corrective Decline Looms

About Intel

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.