Intel earnings preview: Wall Street expects 39 cents on $16.45 billion on Oct. 29
Intel reports third-quarter results on Thursday, Oct. 29. Analysts expect adjusted EPS of 39 cents on $16.45 billion in revenue, and several have cut their price targets ahead of the report.
By the Bay Area Brief staff · Edited by Seamus McKenna · · 2 min read
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Intel will report third-quarter 2026 results after the market closes on Thursday, Oct. 29, with a conference call at 2 p.m. PT. Analysts expect adjusted earnings of 39 cents a share on revenue of $16.45 billion.
Why it matters: Intel sank about 8% in the Oct. 22 chip selloff. Investors want to know whether its heavy manufacturing spending is paying off.
The guidance
Revenue of $15.8 billion to $16.8 billion.
Adjusted EPS of 38 cents and a 42% gross margin at the midpoint.
Last quarter, Intel earned 42 cents a share (versus 21 cents expected) on $16.13 billion in revenue (versus $14.42 billion expected).
Foundry watch
Output on the 18A process ran 25% above target.
External foundry revenue was $293 million.
The next process, 14A, is targeted for risk production in the second half of 2027.
Analysts
Susquehanna cut its target to $105 and TD Cowen cut its target to $95. JPMorgan upgraded the stock to Neutral with an $85 target, according to Benzinga.
Sources
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Santa Clara-based ServiceNow reports third-quarter results after the market closes Wednesday. Analysts expect about $1.02 a share on $4.09 billion in revenue.
The Oakland utility's GAAP EPS fell to $0.34 from $0.37 and core EPS to $0.41 from $0.50 as revenue slipped 1% to $6.19 billion. Guidance was unchanged.
Next week, more than a dozen Bay Area companies report quarterly results. Cadence, Visa, Robinhood, Alphabet, ServiceNow, KLA, Intel and Gilead are among them, and the Fed announces a rate decision on Wednesday.
Mountain View-based Alphabet reports third-quarter results Wednesday, Oct. 28, with a call at 1:30 p.m. PT. Analysts expect about $3 a share on nearly $128 billion in revenue, and Google Cloud is the number to watch.
