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These Analysts Slash Their Forecasts On Intel After Q3 Results

Benzinga Earnings10-30 18:34

Intel Corp. (NASDAQ:INTC) on Thursday posted upbeat third-quarter fiscal 2026 results but issued fourth-quarter guidance well-below estimates.

Intel reported quarterly earnings of 52 cents per share, which beat the consensus estimate of 40 cents by 30%, per Benzinga Pro data. Quarterly revenue came in at $16.51 billion, which beat the Street estimate of $16.47 billion.

The company expects fourth quarter adjusted EPS of 25 cents, versus the 43 cent analyst estimate, and revenue in a range of $15 billion to $16 billion, versus the $17.05 billion estimate.

"Our Q3 results demonstrate improving execution, meaningful progress expanding supply and continued advancement of our process technology," said Lip-Bu Tan, Intel CEO.

Intel shares dipped 25.4% to $68.68 in pre-market trading

These analysts made changes to their price targets on Intel following earnings announcement.

  • B of A Securities analyst Vivek Arya downgraded the stock from Buy to Neutral and cut the price target from $145 to $100.
  • Roth Capital analyst Suji Desilva downgraded the stock from Buy to Neutral and slashed the price target from $120 to $70.

Considering buying INTC stock? Here’s what analysts think:

Photo via Shutterstock

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