Intel earnings preview: Wall Street expects 39 cents on $16.45 billion on Oct. 29
Intel reports third-quarter results on Thursday, Oct. 29. Analysts expect adjusted EPS of 39 cents on $16.45 billion in revenue, and several have cut their price targets ahead of the report.
By the Bay Area Brief staff · Edited by Seamus McKenna · · 2 min read
San Jose and Silicon Valley seen from the eastern foothills. Photo: Tom Pavel / Wikimedia Commons, CC BY 2.0 (cropped, resized and color-graded). Archive photo of the area; not a photo of the events in this story.
Intel will report third-quarter 2026 results after the market closes on Thursday, Oct. 29, with a conference call at 2 p.m. PT. Analysts expect adjusted earnings of 39 cents a share on revenue of $16.45 billion.
Why it matters: Intel sank about 8% in the Oct. 22 chip selloff. Investors want to know whether its heavy manufacturing spending is paying off.
The guidance
Revenue of $15.8 billion to $16.8 billion.
Adjusted EPS of 38 cents and a 42% gross margin at the midpoint.
Last quarter, Intel earned 42 cents a share (versus 21 cents expected) on $16.13 billion in revenue (versus $14.42 billion expected).
Foundry watch
Output on the 18A process ran 25% above target.
External foundry revenue was $293 million.
The next process, 14A, is targeted for risk production in the second half of 2027.
Analysts
Susquehanna cut its target to $105 and TD Cowen cut its target to $95. JPMorgan upgraded the stock to Neutral with an $85 target, according to Benzinga.
Sources
This article is an original summary based on the following reporting. We encourage readers to visit the original sources for full coverage.
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