Needham Reiterates Hold on Intel
Needham analyst N. Quinn Bolton reiterated a Hold rating on Intel (NASDAQ: INTC).
“Intel reported a significant beat in 1Q26 with 2Q26 guidance also well above expectations. The beat and raise was primarily driven by CPU demand exceeding expectations despite tight supply.
Our key takeaways include: 1) Supply remains tight, and the company mentioned revenue could have been >$1bn higher if it had more supply; 2) Server CPU strength is expected to continue, management projects industry units to grow by a DD % this year with momentum continuing in 2027; 3) In foundry, Intel continues to make progress on 14A and expects to see early design commitments in 2H26/1H27; Finally, 4) GM in 1Q26 was aided by mix and better pricing, which is expected to continue in 2Q26.
While the company’s turnaround is clearly underway and server CPU demand is robust, we believe the shares fully reflect the company’s prospects. We remain Hold rated.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
