Back to top

Image: Bigstock

Time to Buy, Hold, or Sell Intel Stock as Q2 Earnings Approach?

Read MoreHide Full Article

Showing signs of a comeback, Intel (INTC - Free Report)  stock has started to rebound and is up +15% in 2025, with the chip giant’s much-anticipated Q2 results approaching after-market hours on Thursday, July 24.  

In regard to the anticipation, Intel is still one of the world's largest semiconductor companies but has infamously lost market share to Nvidia (NVDA - Free Report) , AMD (AMD - Free Report) , and Arm Holdings (ARM - Free Report) .

This makes it a very worthy topic of whether it’s time to buy, hold, or sell Intel stock, which is still down 40% over the last three years to vastly trail the broader indexes and its aforementioned competitors.

Zacks Investment Research
Image Source: Zacks Investment Research

 

Intel’s Turnaround Strategy

Although Intel hasn’t given its turnaround strategy a flashy name, optimism has swooned after the company appointed Lip-Bu Tan as its new CEO in March. As a seasoned semiconductor executive who previously served as CEO of Cadence Design Systems (CDNS - Free Report) , Tan has simply called Intel’s reemergence plan a “bold turnaround strategy.”

Getting “back to the basics”, Tan’s emphasis has been on refocusing Intel on engineering excellence, streamlining management to place a priority on an engineering-first culture.

 

Key Points of Intel’s Turnaround Strategy

Foundry Restructuring:  Intel has separated its foundry business into a separate subsidiary called Intel Foundry Services (IFS) to better compete with Taiwan Semiconductor (TSM - Free Report)  while focusing on its core business as a supplier of microprocessors and chipsets.

Talent Overhaul:  The company has hired top engineers from Apple (AAPL - Free Report)  and Alphabet (GOOGL - Free Report)  while trimming factory workforce to boost innovation.

Aggressive AI pricing:  Intel’s Gaudi 3 AI accelerator is priced significantly lower than Nvidia’s comparable offerings, aiming to disrupt the AI hardware market.

 

Intel’s Q2 Expectations

Although Intel has regained some ground in the PC chip market, Q2 sales are thought to have dipped 7% to $11.87 billion compared to $12.83 billion a year ago. On the bottom line, Q2 earnings are expected at $0.01 a share from EPS of $0.02 in the prior year quarter.

 

EPS Outlook & Revisions

Optimistically, Intel’s annual earnings are projected to climb swing to $0.27 per share in fiscal 2025 versus an adjusted loss of -$0.13 a share last year. However, it's noteworthy that FY25 EPS estimates have noticeably declined from projections of $0.50 a share 90 days ago and are slightly down in the last week.

Similarly, Intel’s EPS is forecasted to sharply rebound to $0.70 in FY26, but estimates have also trended lower in the last seven days and have now dropped 37% over the last three months from projections of $1.12 per share.

Zacks Investment Research
Image Source: Zacks Investment Research

 

Bottom Line

Unfortunately, despite Intel’s somewhat promising turnaround strategy, the trend of declining earnings estimate revisions does suggest it may be time to fade this year's rally. Correlating with such, Intel stock currently lands a Zacks Rank #4 (Sell), and the chip giant’s Q2 report will be critical to reconfirming what is hopefully a return to prominence at some point.

Published in