Intel (INTC, Financials), a U.S. semiconductor company that makes processors for personal computers, data centers and artificial intelligence systems, is heading into earnings with unusually high expectations.
The company is scheduled to report second-quarter results on July 23. Options traders are pricing in a 15% move in the shares after the release, above Intel's average post-earnings move of 12.4% over the past four quarters.
Wall Street expects Intel to earn 21 cents per share, compared with a loss of 10 cents a year earlier. Revenue is projected to increase nearly 12% to $14.42 billion.
The higher implied volatility reflects uncertainty around Intel's outlook, manufacturing progress and ability to benefit from growing AI demand. The stock has climbed more than 160% this year, although it has fallen 17% over the past month during a broader technology selloff. That strong advance leaves less room for disappointment.
Analysts remain divided. Susquehanna recently raised its price target to $115 while keeping a Hold rating, citing stronger server demand. Rosenblatt lifted its target to $65 but maintained a Sell rating because of concerns about manufacturing yields. Investors will focus on guidance, server sales and any signs that Intel's foundry business is gaining momentum.