Intel Sees 'Modest' H2 Gains After Order Pull Ins in H1, Wedbush Securities Says

MT Newswires Live07-25

Intel (INTC) guided for "minimal" sequential growth in Q3, implying modest H2 gains amid expected negative impact from order pull ins in H1 after customers hedged against tariffs, Wedbush Securities said in a note Friday.

"Management did not provide much color around 2025 revenue and [earnings per share] expectations," Wedbush said. According to the investment firm, the company's Q2 results "nicely" topped analysts' consensus, while its Q3 and overall guidance was a "mixed bag."

Intel late Thursday reported Q2 adjusted loss of $0.10 per diluted share, swinging from a profit of $0.02 a year earlier, while revenue increased to $12.86 billion from $12.83 billion. For Q3, Intel expects a breakeven for adjusted EPS on revenue of $12.6 billion to $13.6 billion.

Wedbush reiterated that Intel's success or failure would depend on its execution of its fab roadmap. The company would need two large customers to justify the production ramp up of its 14A chip, potentially creating more uncertainty for Intel fab's future, analysts said.

Wedbush Securities reiterated its neutral rating on Intel, with a $19 price target.

Price: 20.60, Change: -2.04, Percent Change: -8.99

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Comments

  • SL1977
    07-26
    SL1977
    Intel CEO is not suitable to lead Intel. He is without any real vision for Intel and is wishy washy in cutting waste and headcount.  Intel will become a target for AMD. Intel is now easy Takeover target. 
    • 大树大: 
      没人适合了，英特尔没得救了。
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