Intel (INTC) is scheduled to report earnings after the closing bell today, with traders anticipating a sizable move from the struggling chipmaker’s stock.
Options pricing suggests traders expect Intel’s stock could move more than 7% from its recent level near $23 by the end Friday’s trading session. A move of that scale would lift shares above $24 at the upper end, their highest level since March, or drag them down to $21 at the lower end, about where they were a month ago.
Intel’s stock has registered an average post-earnings move of 11% over the past four quarters, falling in three of those instances. In April, shares fell 7% the day after earnings as the chipmaker issued a quarterly forecast below analysts’ expectations.
Heading into Thursday’s report, all 11 brokers covering Intel tracked by Visible Alpha have a neutral rating for the stock, with an average price target near $23.
Analysts on average expect Intel’s quarterly revenue and profits to have declined year-over-year, with attention squarely on how new CEO Lip-Bu Tan will manage—or sell off—the chipmaker’s struggling foundry business. Tan is reportedly considering changing what manufacturing process the foundry business focuses on, a move that would cost the company hundreds of millions or even billions of dollars, but could help win major customers like Nvidia (NVDA) and Apple (AAPL).
Intel’s stock had added about 13% in 2025 so far, but has still lost more than one-quarter of its value from this time last year.
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