Intel NASDAQ:INTC is set to report second-quarter results after markets close Thursday, with investors expected to assess whether growth in its foundry business and AI-focused data center operations can support the chipmaker's turnaround, according to Wall Street expectations.
Wall Street expects Intel to report earnings of $0.22 per share on revenue of $14.42 billion. Investors are likely to focus on AI demand, foundry profitability, gross margins and management's outlook for the second half of 2026.
In the first quarter, Intel reported earnings of $0.29 per share on revenue of $13.58 billion, exceeding analyst estimates. Data Center and AI revenue increased 22% year over year to $5.05 billion, while Intel Foundry revenue rose 16% to $5.42 billion. The company projected second-quarter revenue of $13.8 billion to $14.8 billion and adjusted earnings of about $0.20 per share.
Intel has recently expanded its manufacturing footprint, including additional assembly and testing capacity in Malaysia, while analysts continue to monitor progress in its foundry strategy. HSBC also raised its price target to $200, reflecting a more constructive view of the foundry business.