Intel Corporation (INTC) earnings on July 23, 2026
More Intel Corporation earnings
Prior outlook: Pessimistic Outcome: Accurate
Intel's stock swung wildly after earnings, briefly surging then closing lower, as investors reacted to a strong quarter offset by a massive spending plan.
INTC price around the earnings
92.32
Change: -7.9%
2026-07-24, 20:00 UTC
Start of the measured window
End of the measured window
92.02
99.12
106.22
113.32
100.23
July 23, 2026
July 24, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
- Results released
Pre-release: Extreme negative trend strength and recent layoff news overwhelm elite historical beats; weak analyst conviction limits optimistic scenario.
Context analyzed before publication
- Trend
- Persistently negative trajectory with extreme trend strength collapse; recent stabilization insufficient to offset structural
Analysts
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.6
- Analysts covering the stock
- 40
- Average price target
- 108.63
- Lowest price target
- 45
- Highest price target
- 200
- Upside to price target
- 8.6%
- Revenue growth
- 7.2%
- Forward EPS
- 1.62
- Trailing EPS
- -0.6
- Analyst moves in the last 60 days
- 10
- Strong buy: 2
- Buy: 11
- Hold: 31
- Sell: 2
- Strong sell: 1
- Strong buy
- 2
- Buy
- 11
- Hold
- 31
- Sell
- 2
- Strong sell
- 1
- July 20, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
- July 16, 2026 · Susquehanna: Maintains rating (Neutral → Neutral)
- July 14, 2026 · Keybanc: Maintains rating (Overweight → Overweight)
- July 13, 2026 · UBS: Maintains rating (Neutral → Neutral)
- July 13, 2026 · TD Cowen: Maintains rating (Hold → Hold)
- July 10, 2026 · Stifel: Maintains rating (Hold → Hold)
- June 29, 2026 · Cantor Fitzgerald: Maintains rating (Neutral → Neutral)
- June 25, 2026 · Goldman Sachs: Initiates coverage (Sell → Neutral)
- June 23, 2026 · B of A Securities: Maintains rating (Buy → Buy)
- June 11, 2026 · B of A Securities: Upgrades rating (Underperform → Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Cautious
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (6)
- Intel Stock Nearly Tripled in 2026 — Q2 Earnings Could Be a Reality Check (opens in a new tab) — Benzinga
- Intel Earnings Prediction Market Preview: What Will Lip-Bu Tan Say? (opens in a new tab) — Benzinga
- Intel Stock Sits 15% Above Its 100-Day Average, but Below Its 20-Day, Ahead of Earnings (opens in a new tab) — Benzinga
- Stock Market Today: Dow, Nasdaq 100, S&P 500 Futures Slip As GOOGL, Elon Musk's TSLA Drag After Q2 Earnings—Intel, ServiceNow, Quantumscape in Focus (UPDATED) (opens in a new tab) — Benzinga
- Intel Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call (opens in a new tab) — Benzinga
- Intel Could Swing By $68.3 Billion After Earnings (opens in a new tab) — Benzinga
Technicals
Evidence
- Average true range (ATR)
- 7.8%
- Distance to 52-week high
- -29.0%
- 14-day change (14d)
- -7.0%
- 30-day change (30d)
- -27.2%
- 30-day relative strength
- -22.8%
- QQQ change (30d)
- -4.5%
- Nearest support
- 101.76
- Nearest resistance
- 104.25
- Volume accumulation ratio (14d / 46d)
- 0.91
Trends
Evidence
- Average earnings surprise
- +1035.5%
- April 23, 2026: actual EPS 0.29 vs estimate 0.01 (surprise +2108.7%)
- January 22, 2026: actual EPS 0.15 vs estimate 0.08 (surprise +81.5%)
- October 23, 2025: actual EPS 0.23 vs estimate 0.01 (surprise +3121.3%)
- July 24, 2025: actual EPS -0.1 vs estimate 0.01 (surprise -1169.5%)
Expected move
- Implied move
- +15.7%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 8%
- 75th percentile move
- 11%
- 90th percentile move
- 17.7%
- Up / down moves
- 7 / 13
- Average up move
- +8.9%
- Average down move
- -9.9%
Monitoring and close
What Intel Corporation reported
- Status
- Finished
| Actual EPS | 0.42 |
|---|---|
| EPS estimate | 0.21 |
| EPS surprise | +100.0% |
| Revenue | $16,128 million |
| Revenue estimate | $14,417 million |
| Revenue surprise | +11.9% |
Intel reported second-quarter adjusted earnings of 42 cents per share, beating the 21-cent estimate. Revenue rose to $16.1 billion from $14.4 billion expected, marking its strongest quarterly revenue growth in 15 years.
Sources (45)
- Dow Jones Futures: Market Sells Off On Oil Prices, Google, Tesla; Intel Rises Late, SpaceX Starship Launch Delayed (opens in a new tab) — Investor's Business Daily
- Intel Q2 Earnings Call Highlights (opens in a new tab) — MarketBeat
- Intel and AMD just got leverage they haven't had in years (opens in a new tab) — TheStreet
- Dow Jones Futures: Market Sells Off On Oil Prices, Google, Tesla; Intel Rises Late, SpaceX Starship Launch Due (opens in a new tab) — Investor's Business Daily
- Intel Shares Rise as Sales Surge 25% in Second Quarter (opens in a new tab) — The Wall Street Journal
- Intel CFO Says AI PC Revenue Grew 26% Sequentially, Now Represents Two-thirds Of Our Client Revenue Mix; See Strong Momentum In Purpose-built Silicon Product LINE With Revenue Up Roughly 20% Sequentially And Nearly Tripling YoY; Stepped Up Investments In Q2 For Intel 14A To Prepare For Risk Production In 2027 And Committed High Volume Ramps In 2028 (opens in a new tab) — Benzinga
- Intel CEO Says Factories Exceeded Volume Targets During Q2; 18A Output Increased Meaningfully During Q2; 18a-P Technology Is Now Positioned As A Competitive Node For External Customers; Says He Is Increasingly Confident That 14A Will Be A Highly Competitive Offering; Co Has 'Fully Committed' To High Volume Production Of 14A Chips In 2028; 18A Now In Volume Production In Core PC Client Segment Across Multiple Products (opens in a new tab) — Benzinga
- Intel Stock Jumps as Earnings Blow Past Expectations Amid Booming AI Demand (opens in a new tab) — Investopedia
- Intel CFO Says Co Will Buy 40% More Chip Manufacturing Tools In 2026 Than In 2025 (opens in a new tab) — Benzinga
- Stocks to Watch Recap: Alphabet, Tesla, Nestle, Intel (opens in a new tab) — The Wall Street Journal
- Intel Executive Says We Now Expect Our CapEx To Be More Than $20B (opens in a new tab) — Benzinga
- Here's What Key Metrics Tell Us About Intel (INTC) Q2 Earnings (opens in a new tab) — Zacks
- AMD, Arm gain after hours following blowout results from Intel (opens in a new tab) — Investing.com
- Intel Just Reported Earnings. Here's What It Means for the AI Trade. (opens in a new tab) — Benzinga
- Intel revenue jumps 25% as AI demand lifts data center and foundry sales (opens in a new tab) — Blockspace
- How AI-Powered Earnings Powered Intel Stock Higher (opens in a new tab) — Barrons.com
- INTC Stock Rallies 12% After-Hours — Q3 Outlook Soars Past Estimates, Reports Strongest Q2 Revenue Growth In 15 Years (opens in a new tab) — Stocktwits
- Intel (INTC) Beats Q2 Earnings and Revenue Estimates (opens in a new tab) — Zacks
- AMD Stock Rises After The Bell: Here's Why (opens in a new tab) — Benzinga
- Intel Tops Quarterly Estimates as Data Center Boost Drives Fastest Revenue Growth in 15 Years (opens in a new tab) — MT Newswires
- Intel Q2 2026 earnings: revenue up 25%, fastest growth since 2011 (opens in a new tab) — Quartz
- Tech, Media & Telecom Roundup: Market Talk (opens in a new tab) — The Wall Street Journal
- Intel's PC business will be dictated by AI data center momentum: CFRA (opens in a new tab) — Yahoo Finance Video
- Intel Shares Jump as Sales Surge 25% in Second Quarter (opens in a new tab) — The Wall Street Journal
- Intel (NASDAQ:INTC) Shatters Q2 Estimates on AI-Driven Record Growth, Shares Surge (opens in a new tab) — ChartMill
- Dow Jones Futures: Market Sells Off On Oil Prices, Google, Tesla; Intel Jumps Late, SpaceX Starship Launch Due (opens in a new tab) — Investor's Business Daily
- Intel jumps 10% after AI-fueled quarter crushes estimates, upbeat outlook (opens in a new tab) — Investing.com
- Intel (NASDAQ:INTC) Delivers Impressive Q2, Inventory Levels Improve (opens in a new tab) — StockStory
- Intel Faces Earnings Test After 28% July Drop Despite Strong Q2 Expectations (opens in a new tab) — GuruFocus.com
- Intel second quarter earnings top estimates on AI-driven demand growth (opens in a new tab) — Proactive
- Intel Stock Jumps as Earnings Nearly Double Analyst Estimates (opens in a new tab) — Barrons.com
- Intel Posts Strongest Revenue Growth in 15 Years on 'Unprecedented' AI Demand (opens in a new tab) — Benzinga
- Intel's Q2 earnings blow past Wall Street's estimates, with an upbeat Q3 outlook to boot (opens in a new tab) — Yahoo Finance Video
- Intel Stock Jumps On Chipmaker's Big Q2 Earnings Beat (opens in a new tab) — Investor's Business Daily
- Intel Sees Q3 GAAP EPS $0.31 vs $0.13 Est (opens in a new tab) — Benzinga
- Intel forecast crushes estimates as AI boom boosts chip demand; shares jump (opens in a new tab) — Yahoo
- Intel sales, profit forecast beat estimates; company boosts spending plans on AI boom (opens in a new tab) — Reuters
- Intel CFO David Zinsner Says Plans To Raise Capital Expenditures From $18B To $20B For 2026; Intel Plans For Capital Expenditures 'To Be Up Meaningfully' In 2027; Intel Signed Long-term Agreements With Customers To Supply CPUs And XPUs; Intel's Long-Term Chip Supply Agreements Range From 3-5 Years, With Some Including Both Volume & Price Commitments (opens in a new tab) — Benzinga
- Intel Sees Q3 Adj EPS $0.38 vs $0.24 Est; Sees Sales $15.800B-$16.800B vs $15.014B Est (opens in a new tab) — Benzinga
- Intel Q2 Adj. EPS $0.42 Beats $0.21 Estimate, Sales $16.128B Beat $14.417B Estimate (opens in a new tab) — Benzinga
- Intel Reports Second-Quarter 2026 Financial Results (opens in a new tab) — Yahoo
- An Emboldened AMD Is Taking Direct Aim at Nvidia (opens in a new tab) — Barrons.com
- Intel Stock Nearly Tripled in 2026 — Q2 Earnings Could Be a Reality Check (opens in a new tab) — Benzinga
- Intel: A Great Quarter Doesn't Make It A Good Investment (Downgrade) (opens in a new tab) — SeekingAlpha
- Intel reported adjusted earnings of $0.42 per share, beating the $0.21 estimate, and revenue of $16.128B, above the $14.417B expected. — Benzinga
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, the figures don't clearly confirm the prior scenario.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -7.9%
- Max favorable move (MFE)
- 8.6%
- Max adverse move (MAE)
- 13.4%