Intel stock closed at $95.37 on October 15, 2026, down $2.75, or 2.80%, for the session and 25.1% below its September 24 close. The retreat has erased part of a sharp 2026 rally, with third-quarter results due after the market closes on October 29.
Key Takeaways
- Intel remained up 158.5% from its December 31, 2025, closing price despite the recent decline.
- Second-quarter external foundry revenue was $293 million, a small share of the segment’s $5.8 billion total.
- The October 29 results will test management’s third-quarter revenue guidance of $15.8 billion to $16.8 billion.
Table of Contents
- Intel stock retreat follows September gains
- CPU demand and external foundry sales tell different stories
- October earnings will test the revenue outlook
- Conclusion
Intel stock retreat follows September gains
The decline extended a pullback already visible over several weeks. Intel closed at $127.39 on September 24, then fell to $123.00 the following day and $107.08 by October 8. Thursday’s finish was also 32.3% below the June 22 closing high of $140.94 in the available historical price series.
Trading volume on October 15 reached 147.2 million shares, compared with the 101.2 million average displayed on Nasdaq’s summary page. Shares traded between $90.02 and $96.87 during the regular session.
At 6:44 a.m. Eastern Time on October 16, the premarket last sale was $94.65, down another 0.75%. That was an early trading indication, not a completed Friday closing price.
Analyst views remained divided. KeyBanc’s John Vinh maintained a Buy rating and $155 target on October 15. Susquehanna’s Christopher Rolland reiterated Hold and raised his target from $80 to $115 on October 12, while Mizuho’s Vijay Rakesh reiterated Hold and lifted his target from $92 to $114 on October 6. Those are analyst assessments, not company guidance or assured outcomes.
| Item | Details |
|---|---|
| December 31, 2025 | Closing price: $36.90. |
| September 21, 2026 | Closing price: $121.78; daily gain: 12.14%. |
| October 1, 2026 | Closing price: $120.00. |
| October 14, 2026 | Closing price: $98.12; daily decline: 4.56%. |
CPU demand and external foundry sales tell different stories
Intel reported second-quarter revenue of $16.1 billion. Data Center and AI revenue reached $6.3 billion, up 59% from a year earlier, with operating profit of $2.5 billion. Chief Financial Officer Dave Zinsner said server CPU demand “continues to far outpace available supply.”
The foundry business presented a different picture. Its $5.8 billion in revenue included just $293 million from external customers, approximately 5.1% of the total, while the segment recorded a $2.1 billion operating loss. Most foundry revenue therefore reflected manufacturing for Intel itself rather than outside customers.
That distinction matters when assessing expectations for future manufacturing contracts. Supply-chain checks and analyst customer lists are not equivalent to announced agreements or recognized revenue. The published figures do not establish the large external customer commitments discussed in those assessments.
In July, Chief Executive Lip-Bu Tan said Intel had committed to high-volume ramps for its 14A manufacturing process in 2028. That remained a future production milestone, not current external foundry sales.
October earnings will test the revenue outlook
Intel’s third-quarter earnings schedule sets publication for promptly after market close on October 29, followed by a conference call at 2 p.m. Pacific Daylight Time. The company announced that timetable on October 6.
Management’s third-quarter outlook called for revenue of $15.8 billion to $16.8 billion. At the $16.3 billion midpoint, it projected a 42% non-GAAP gross margin and non-GAAP earnings of $0.38 per share. These are guidance figures, not reported results.
Because publication is scheduled after the close, the October 29 regular-session closing price will precede the results. October 30 will be the first regular trading session after both the release and management’s call.
Conclusion
The next confirmed milestone is Intel’s October 29 release. It will show whether third-quarter performance met management’s outlook and provide an opportunity for updates on supply capacity and external foundry business.
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Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
