Intel is scheduled to report second-quarter financial results after the stock market closes on Thursday.
Famed investor Jim Cramer has declared Intel (INTC) a “miracle stock” ahead of the giant's fiscal Q2 earnings set to be released today (July 23rd) after market close. In a recent segment of CNBC, the former hedge fund manager also reiterated that INTC remains his favourite pick in the chip sector.
Micron Technology (NASDAQ: MU | MU Price Prediction) and Intel (NASDAQ: INTC) have both reported earnings fueling the 2026 semiconductor rally, but their late-summer setups look nothing alike.
Investors are watching Intel (NASDAQ: INTC | INTC Price Prediction) ahead of second-quarter results due after Thursday's close.
Intel's results on Thursday will show whether the American chip icon has the numbers to back a Wall Street rally that has sent its shares nearly three times higher this year, as its turnaround push wins over investors and the AI buildout powers demand.
Intel Corporation has rallied on multiple expansions, but the current valuation appears stretched ahead of Q2 earnings. I expect Q2 results to show a small net profit and 12% year-over-year revenue growth, lagging AI-driven semiconductor peers. I maintain a Hold rating on INTC stock due to modest growth versus sector leaders and a high price relative to expected earnings.
Set to report Q2 earnings after market hours on Thursday, July 23, investors may be wondering if the incredible rebound in Intel stock can continue.
INTC's Q2 results could get a lift from stronger processor sales as AI PCs, new chip launches and enterprise refresh trends support client computing.
INTC's Q2 earnings may get support from stronger data center and AI revenues as Xeon demand, AI infrastructure and hyperscaler deals fuel growth.
Intel (NASDAQ:INTC | INTC Price Prediction) shares are up 6% to $102.53 in early Tuesday trading, leading a broad chip rebound after a preview note from RBC Capital Markets flagged a likely Q2 revenue beat.
Wall Street analysts have updated their Intel (NASDAQ: INTC) stock price targets ahead of the company's second-quarter 2026 earnings report scheduled for July 23.
I wouldn't touch Intel (NASDAQ:INTC | INTC Price Prediction) right now, and here's exactly why.