Intel’s Q3 Earnings Beat Sparks Analyst Upgrades Amid Cautious Outlook
Intel delivered a stronger-than-expected third quarter, with revenue climbing 3% year-over-year to $13.7 billion, surpassing consensus estimates of $13.16 billion. Earnings per share of $0.23 dramatically outperformed the anticipated $0.02, prompting several Wall Street analysts to revise price targets upward—though skepticism lingers over near-term growth prospects.
Mizuho maintained a Neutral rating despite raising its target to $41, citing steady progress in Intel’s 18A chip development and a planned re-entry into the AI GPU market by late 2026. Data center sales are projected to rise 5% next quarter, but weaker client computing demand and margin pressures from the Altera sale cloud the outlook.