Intel (NASDAQ:INTC) Hits New 12-Month High on Better-Than-Expected Earnings

Key Points

• Shares hit a new 52-week high near $83.62 after Intel reported Q1 EPS of $0.29 versus $0.01 expected and revenue of $13.58 billion, lifting the stock roughly 25%.
• Management gave upbeat Q2 guidance (EPS around $0.20 and revenue guidance of about $13.8–$14.8 billion), signaling continued AI-driven server-chip demand.
• Tesla validation and mixed analyst response: Elon Musk said Tesla will use Intel’s 14A foundry process—boosting foundry credibility—while analysts raised targets but some remain cautious on valuation, margins and macro/geopolitical risks.

Shares of Intel Corporation (NASDAQ:INTC - Get Free Report) hit a new 52-week high during mid-day trading on Friday following a better than expected earnings announcement. The stock traded as high as $83.62 and last traded at $83.5050, with a volume of 24876217 shares changing hands. The stock had previously closed at $66.78.

The chip maker reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.28. Intel had a negative return on equity of 0.44% and a negative net margin of 0.51%.The business had revenue of $13.58 billion for the quarter, compared to the consensus estimate of $12.32 billion. During the same period last year, the business earned $0.13 earnings per share. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Blowout Q1 results and stronger-than-expected guidance: Intel reported $0.29 EPS vs ~$0.01 expected and $13.6B revenue (beat). Q2 revenue guidance of $13.8–$14.8B and EPS guidance above Street estimates signaled durable AI-driven server-chip demand and underpins the rally. Intel set for record high — Reuters
• Positive Sentiment: Tesla / 14A foundry validation: Elon Musk said Tesla will use Intel’s 14A process for its Terafab AI chips — a high-profile external customer that improves Intel’s foundry credibility and future revenue optionality. Musk lays out Terafab — Reuters
• Positive Sentiment: Wall Street turns more constructive: Several top analysts raised price targets and coverage became more bullish after the quarter, helping sustain momentum in pre-market and futures trading. Analysts raise targets — TipRanks
• Neutral Sentiment: Sector and index flow: Intel’s report boosted semiconductor ETFs and tech futures, lifting peers (AMD, Arm) in sympathy; that broad market dynamic is supporting the stock but may limit standalone moves. ETF/sector lift — Benzinga
• Neutral Sentiment: Investor debate on sustainability of gains: commentary ranges from believers (CPU “renaissance” driven by AI) to skeptics who say the rally has priced in a lot of the upside; expect volatility as investors reprice execution and foundry margins. Are expectations too high? — MarketWatch
• Negative Sentiment: Valuation and lingering sell-side skepticism: some firms (e.g., Rosenblatt) raised price targets but kept bearish ratings; concerns persist about whether foundry economics and long-term margins will meet current valuations. Rosenblatt target/rating — Benzinga
• Negative Sentiment: Macro and geopolitical risk: ongoing Middle East uncertainty and elevated oil prices are cited as potential drags on broader market sentiment — these factors could cap gains even as Intel-specific news is strong. Market context — Investopedia

Analysts Set New Price Targets

A number of brokerages recently commented on INTC. Northland Securities upped their target price on Intel from $54.00 to $92.00 and gave the company an "outperform" rating in a research note on Monday, April 13th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, January 23rd. DA Davidson upgraded shares of Intel to a "hold" rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Intel in a report on Friday, January 23rd. Finally, Benchmark lifted their target price on shares of Intel from $57.00 to $76.00 and gave the company a "buy" rating in a research report on Friday, April 10th. 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $61.21.

Insider Buying and Selling at Intel

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

Institutional Trading of Intel

Several large investors have recently added to or reduced their stakes in the company. Global Trust Asset Management LLC grew its position in Intel by 29.3% during the 1st quarter. Global Trust Asset Management LLC now owns 2,905 shares of the chip maker's stock worth $128,000 after acquiring an additional 658 shares during the last quarter. iA Global Asset Management Inc. raised its position in Intel by 1.1% in the 1st quarter. iA Global Asset Management Inc. now owns 599,572 shares of the chip maker's stock valued at $26,459,000 after purchasing an additional 6,529 shares during the last quarter. First Pacific Financial boosted its stake in Intel by 19.8% in the first quarter. First Pacific Financial now owns 1,000 shares of the chip maker's stock worth $44,000 after purchasing an additional 165 shares in the last quarter. Eagle Wealth Advisors LLC acquired a new position in Intel in the first quarter worth $529,000. Finally, Premier Path Wealth Partners LLC grew its holdings in shares of Intel by 21.0% during the first quarter. Premier Path Wealth Partners LLC now owns 34,804 shares of the chip maker's stock worth $1,536,000 after purchasing an additional 6,034 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Up 25.4%

The company has a market cap of $418.17 billion, a P/E ratio of -1,040.89, a PEG ratio of 14.44 and a beta of 1.35. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average price of $50.39 and a 200 day moving average price of $44.00.

Intel Company Profile

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.

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