Key Takeaways for Intel Stock as of July 2026
- Intel posted Q2 revenue of $16.13 billion, up 25% year over year and 19% sequentially, beating Street estimates of $14.45 billion by 12%.
- Adjusted EPS came in at $0.42 against a Street estimate of $0.22, a 92.49% beat and more than 500% above the $0.42 versus $0.10 loss posted a year ago.
- EBIT swung to $2.77 billion from a $503 million loss a year ago, with margins expanding 588 basis points versus the Street estimate to 17%.
- With demand outstripping supply across every product line, CEO Lip-Bu Tan raised 2026 capital spending guidance to more than $20 billion and flagged an even larger step-up for 2027.
Intel stock just delivered its seventh straight quarterly beat, and the numbers weren’t close. Revenue growth accelerated to a pace management called the strongest in 15 years, but the real story is what happens next: supply, not demand, is now the constraint. Read what management said about the capacity crunch on TIKR for free →
Intel Stock Surges as Demand Outstrips Supply Across Every Segment
Intel (INTC) reported second-quarter 2026 revenue of $16.13 billion, up 25.42% year over year and 18.79% from the prior quarter, beating the Street estimate of $14.45 billion by 11.64%. The print capped a quarter management framed as the strongest revenue growth Intel has posted in more than 15 years.
Every line beneath revenue widened further. EBITDA hit $5.99 billion against a $4.54 billion estimate, a 31.90% beat that pushed EBITDA margin to 37.17% from 19.52% a year ago. EBIT flipped from a $503 million loss in Q2 2025 to $2.77 billion, up 650.70% year over year, while net income of $2.2 billion beat estimates by 98.80%. Adjusted EPS landed at $0.42, more than double the $0.22 Street estimate and well above the company’s own $0.20 guidance.
Accordingly, the growth wasn’t evenly split. Data Center and AI Group (DCAI) revenue jumped 24% sequentially and 59% year over year to $6.3 billion, with operating profit nearly doubling quarter over quarter to $2.5 billion on the launch of Xeon 6+. Client Computing and Physical AI Group (CCPG) revenue rose 15% sequentially to $8.9 billion, driven mostly by pricing rather than volume. Intel Foundry revenue reached $5.8 billion, up 6% sequentially, as 18A output ran 25% above internal targets even as the segment’s operating loss stayed at $2.1 billion, narrowing $348 million from the prior quarter.
That gap between demand and available wafers is now dictating the capital plan. CEO Lip-Bu Tan told investors on the Q2 2026 earnings call: “Today, we are seeing the strongest revenue growth in more than 15 years.” He tied that growth directly to a supply shortfall that CFO David Zinsner said would persist into the fourth quarter even as capacity improves.
That shortfall is why 2026 capital expenditures are moving above $20 billion, a sharp step-up from the original plan, with 2027 spending guided to run “significantly above” this year’s level. Q3 revenue guidance of $15.8 billion to $16.8 billion, with a $16.3 billion midpoint and $0.38 non-GAAP EPS, implies the constraint holds into the back half of the year, not that demand is fading.
Intel stock now trades on a business finally converting order strength into cash. The question for investors is whether the capacity Intel is building fast enough to catch a market it’s currently unable to fully serve. See the full segment breakdown behind Intel’s Q2 beat on TIKR for free →
TIKR Values Intel Stock at $207, Pricing In a Sustained Demand Cycle
TIKR’s mid-case model values Intel stock at $207 by December 2030, implying a 106% total return from the current price of $100, or 18% annualized over 4.4 years.
That annualized return sits well above what investors typically demand from a large-cap semiconductor name trading near its current multiple, reflecting a business TIKR’s model expects to compound earnings faster than the market has priced in.
The case rests on what Q2 already showed: EBIT margins expanding 588 basis points against estimates, DCAI revenue growing 59% year over year, and management committing to 14A high-volume production in 2028 backed by rising external foundry engagement. With 18A yields tracking ahead of targets and Panther Lake costs down roughly 50% year to date, the operating leverage embedded in the target is already visible in the reported numbers.
Whether that foundry ramp is actually ahead of its own targets or quietly slipping behind them is the fault line running under the whole recovery story, one this look at Intel’s 27% drawdown from its June high lays out in full.
Intel stock’s path to $207 depends less on a hopeful growth story and more on Intel converting today’s supply shortfall into filled capacity, exactly the dynamic management described when it raised 2026 capital spending above $20 billion. Compare Intel’s current valuation to its full model history on TIKR for free →
Should You Invest in Intel Corporation?
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Pull up Intel Corporation stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
You can build a free watchlist to track Intel Corporation alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
