Wedbush Predicts Intel's Q3 Earnings (NASDAQ:INTC)

Key Points

• Wedbush analyst M. Bryson has revised Intel's Q3 2026 earnings per share estimate down to $0.04 from $0.07, while maintaining a "Neutral" rating and a price target of $20.00.
• Intel's recent quarterly earnings report showed a loss of ($0.10) EPS, which was below consensus estimates, despite revenues of $12.86 billion surpassing expectations.
• The consensus rating for Intel stock is "Reduce," with a significant portion of analysts holding neutral or sell positions, indicating cautious sentiment among investors.

Intel Corporation (NASDAQ:INTC - Free Report) - Analysts at Wedbush dropped their Q3 2026 earnings per share estimates for shares of Intel in a research note issued to investors on Wednesday, October 22nd. Wedbush analyst M. Bryson now expects that the chip maker will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.07. Wedbush currently has a "Neutral" rating and a $20.00 price target on the stock. The consensus estimate for Intel's current full-year earnings is ($0.11) per share. Wedbush also issued estimates for Intel's Q4 2026 earnings at $0.14 EPS.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same quarter last year, the business earned $0.02 EPS. The company's revenue for the quarter was up .5% compared to the same quarter last year.

A number of other equities research analysts have also commented on INTC. Cantor Fitzgerald raised their price objective on Intel from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday. Hsbc Global Res lowered Intel from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, October 7th. Bank of America restated an "underperform" rating and set a $34.00 price objective on shares of Intel in a research report on Monday, October 13th. Weiss Ratings restated a "sell (d)" rating on shares of Intel in a research report on Wednesday, October 8th. Finally, Citigroup restated a "sell" rating and set a $29.00 price objective (up from $24.00) on shares of Intel in a research report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and seven have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of "Reduce" and an average target price of $29.26.

Intel Trading Down 3.1%

NASDAQ:INTC opened at $36.92 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel has a 1-year low of $17.67 and a 1-year high of $39.65. The firm has a market capitalization of $161.60 billion, a price-to-earnings ratio of -7.74 and a beta of 1.33. The stock has a fifty day simple moving average of $29.81 and a 200 day simple moving average of $24.06.

Institutional Investors Weigh In On Intel

Several institutional investors have recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Intel by 86.5% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 3,914 shares of the chip maker's stock valued at $131,000 after buying an additional 1,815 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Intel by 11.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 17,829 shares of the chip maker's stock valued at $598,000 after buying an additional 1,900 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Intel by 27.4% during the 3rd quarter. Cerity Partners LLC now owns 1,579,838 shares of the chip maker's stock valued at $53,015,000 after buying an additional 339,495 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in shares of Intel during the 3rd quarter valued at about $694,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Intel by 15.5% during the 3rd quarter. CoreCap Advisors LLC now owns 18,473 shares of the chip maker's stock valued at $620,000 after buying an additional 2,473 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

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