Northland Securities Increases Earnings Estimates for Intel

Key Points

• Northland Securities raised Intel’s FY2026 EPS estimate to $1.43 from $1.08, well above the current consensus estimate of $1.07. The firm projects FY2027 EPS of $2.68.
• Intel recently reported adjusted EPS of $0.52, beating the $0.41 consensus, while quarterly revenue rose 20.9% year over year to $16.51 billion.
• Analyst sentiment remains mixed: several firms cut their ratings or price targets, leaving Intel with a consensus “Hold” rating and an average target price of $97.86.

Intel Corporation (NASDAQ:INTC - Free Report) - Analysts at Northland Securities boosted their FY2026 earnings estimates for shares of Intel in a research report issued on Thursday, October 29th. Northland Securities analyst G. Richard now anticipates that the chip maker will post earnings per share of $1.43 for the year, up from their prior estimate of $1.08. The consensus estimate for Intel's current full-year earnings is $1.07 per share. Northland Securities also issued estimates for Intel's Q4 2026 earnings at $0.64 EPS, Q1 2027 earnings at $0.55 EPS, Q2 2027 earnings at $0.61 EPS, Q3 2027 earnings at $0.71 EPS, Q4 2027 earnings at $0.83 EPS and FY2027 earnings at $2.68 EPS.

Several other brokerages have also commented on INTC. Weiss Ratings lowered shares of Intel from a "hold (c-)" rating to a "sell (d)" rating in a research report on Friday, October 23rd. Wells Fargo & Company reduced their target price on Intel from $120.00 to $80.00 and set an "equal weight" rating for the company in a research report on Friday. JPMorgan Chase & Co. dropped their price objective on Intel from $85.00 to $80.00 and set a "neutral" rating for the company in a report on Friday. Roth Capital cut Intel from a "buy" rating to a "neutral" rating and cut their price objective for the company from $120.00 to $70.00 in a report on Friday. Finally, HSBC restated a "buy" rating on shares of Intel in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average target price of $97.86.

Intel Price Performance

INTC stock opened at $65.76 on Monday. Intel has a twelve month low of $32.89 and a twelve month high of $142.35. The business has a 50 day simple moving average of $101.10 and a 200-day simple moving average of $86.36. The company has a current ratio of 2.21, a quick ratio of 1.86 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $331.69 billion, a P/E ratio of -27.29, a PEG ratio of 6.85 and a beta of 2.42.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.11. The company had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.56 billion. Intel had a positive return on equity of 4.42% and a negative net margin of 20.09%. The firm's revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its stake in Intel by 1.2% during the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker's stock worth $30,278,720,000 after purchasing an additional 2,528,657 shares during the period. Primecap Management Co. CA purchased a new stake in shares of Intel during the second quarter worth about $10,507,291,000. Amundi boosted its position in shares of Intel by 14.9% in the first quarter. Amundi now owns 38,969,192 shares of the chip maker's stock worth $1,719,710,000 after acquiring an additional 5,045,936 shares during the last quarter. Bank of America Corp DE raised its holdings in Intel by 35.7% in the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker's stock valued at $4,429,673,000 after buying an additional 8,342,514 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Intel by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 30,700,929 shares of the chip maker's stock worth $1,354,832,000 after purchasing an additional 112,054 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the transaction, the chief executive officer owned 1,314,669 shares of the company's stock, valued at $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.05% of the company's stock.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

Intel Company Profile

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.

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