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Chipmaker Intel Corporation is a top performer in 2026, but its shares have fallen 19% over the last month. The company looks to get momentum back with third-quarter financial results Thursday after market close.

Here are the earnings estimates, analyst ratings and key items to watch.

Intel Q3 Earnings Estimates

Analysts expect Intel to report third-quarter revenue of $16.45 billion, up from $13.65 billion in last year’s third quarter, according to data from Benzinga Pro.

The company has beaten analyst revenue estimates in eight straight quarters.

Analysts expect Intel to report third-quarter earnings of 39 cents per share, up from 23 cents per share in last year’s third quarter.

The company has beaten analyst estimates for earnings per share in four straight quarters and in seven of the last 10 quarters overall.

Intel Analyst Ratings

Analysts are mostly bearish on Intel stock heading into quarterly results. Here are some of the most recent analyst ratings on Intel and their price targets:

• Rosenblatt: Maintained Sell rating, with price target of $80
• Wedbush: Maintained Neutral rating, with price target of $98
• RBC Capital: Maintained Sector Perform rating, with price target of $100
• Susquehanna: Maintained Neutral rating, lowered price target from $115 to $105
• TD Cowen: Maintained Hold rating, lowered price target from $115 to $95

Key Items to Watch

Intel has been hitting numbers and a stock price not seen in years.

The company posted second-quarter revenue of $16.13 billion, which was the best quarterly total since the first quarter of 2022. Analysts expect revenue to come in higher for the third quarter.

Intel’s main reporting segments all saw double-digit growth in the second quarter, led by a 59% year-over-year increase for the Data Center and AI segment.

Intel CEO Lip-Bu Tan said AI was driving "unprecedented demand" for the company. Analysts and investors will be watching key financial metrics and guidance to see if the demand is still there.

Second-quarter revenue growth was the company’s strongest in more than 15 years.

President Donald Trump has boasted about the Intel share price multiple times over the last year after the US government took a stake in the company that has risen in value.

With shares down 34% from all-time highs set in June, the government has shown less fanfare for the stock.

A potential post-earnings rally could bring a Trump mention once again.

Intel Stock Price Action

Intel stock is up 0.2% to $93.93 on Wednesday versus a 52-week trading range of $32.84 to $142.35. Intel stock has fallen 19% over the last month, but shares remain up 138% year-to-date in 2026.