Key Takeaways
- Options pricing suggests traders expect Intel shares to move more than 8% the day after the beleaguered chipmaker reports first-quarter earnings after the bell on Thursday.
- This will be Intel’s first report with Lip-Bu Tan, the former CEO of Cadence Design Systems whose appointment has excited Wall Street, at the helm.
- Intel is expected to report a year-over-year decline in both revenue and profit.
Intel (INTC) is slated to report quarterly earnings after markets close on Thursday in its first report since CEO Lip-Bu Tan took the helm at the beleaguered chipmaker. Some investors expect a big move in the shares after it does.
Options pricing suggests traders expect Intel stock to move about 8.5% in either direction the day after Thursday’s report. A gain of that magnitude would mark Intel stock’s best reaction to results since October 2023, when shares rose 9% after the company reported a nearly 300% increase in revenue at its foundry business.
Lately, Intel stock has been more likely to dive on disappointing results than jump on a beat. Shares have fallen following three of its last four reports, with the stock tumbling 26% after it reported a $1.6 billion loss last August.
Intel shed 60% of its value in 2024, making it one of the year’s worst-performing S&P 500 stocks. The company has struggled to keep up with competitors in the race to develop sophisticated artificial intelligence chips, and it has fallen short in its expensive efforts to become a leading chip manufacturer.
This year got off to a better start for Intel. Wall Street cheered several reports the company was exploring spin-offs, asset sales, and partnerships with competitors. The stock got another boost in March when Tan, former CEO of semiconductor software company Cadence Design Systems (CDNS), was tapped to lead the company.
But the stock has recently slumped along with the broader market amid unease with President Trump’s tariff policies. Shares, at one point up more than 30% in 2025, are down about 4% year-to-date as of Tuesday’s close.
Intel is expected to report first-quarter revenue of $12.3 billion, a 3% decline from the same period last year, according to estimates compiled by Visible Alpha. Adjusted net income is expected to decline more than 90% year-over-year to $56 million.
Every analyst tracked by Visible Alpha has a neutral rating on Intel stock. Their price targets range from $20 to $29, and the $22.63 average represents a roughly 16% premium to Tuesday’s closing price.
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