Chip giant Intel Corporation (INTC) is scheduled to announce its results for the third quarter of 2025 after the market closes on Thursday, October 23. The stock has risen 85% this year, driven by several major deals, including a $2 billion investment from SoftBank (SFTBY) and a new CPU partnership with Nvidia (NVDA), which have helped restore investor confidence in the company. However, Intel’s foundry business remains a concern, due to production delays and uncertainty over its next-generation chip technology. As a result, Wall Street remains cautious ahead of the Q3 report.
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Also, TipRanks’ AI stock analysis assigns a Neutral rating on Intel stock with a price target of $36.00, indicating a 2.73% downside potential.
What to Expect from Intel on October 23
Wall Street analysts expect Intel to report earnings per share of less than $0.01, versus a loss of $0.46 per share in the year-ago quarter. Meanwhile, revenues are expected to increase modestly by 0.97% from the year-ago quarter to $13.15 billion, according to data from the TipRanks Forecast page.
Investors will look forward to management’s updates on the progress made on the cost reduction front, the impact of tariffs, and progress on product roadmaps, especially for AI chips.
Analysts Weigh in on Intel’s Upcoming Earnings
Ahead of the Q3 print, Susquehanna analyst Christopher Rolland raised his price target on Intel stock to $31 from $22, while keeping a Neutral rating. Rolland expects Intel’s third-quarter results to be mostly in line with forecasts but sees a risk of weaker guidance for the next quarter. He said the recent sale of Altera could weigh slightly on revenue and margins, removing a higher-profit business from Intel’s portfolio.
On a positive note, he believes new AI-focused chips such as Lunar Lake and Arrow Lake could help improve pricing and support growth over time.
Similarly, Top Mizuho analyst Vijay Rakesh raised his price target on Intel stock to $39 from $23, while keeping a Neutral rating. The 5-star analyst said Intel’s advanced packaging segment could add about $1.5 billion in annual revenue starting between 2026 and 2027. He believes Intel is in a good spot to capture share as more chipmakers adopt advanced packaging for next-gen AI and data chips. However, he remains cautious on the company’s core business.
Is Intel a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on two Buys, 24 Holds, and six Sells assigned in the past three months, as indicated by the graphic below. The average INTC price target of $28.70 per share implies 22.45% downside risk.
