"Susquehanna expects stronger Server CPU demand to drive modest upside in Q1, partially offset by weaker PC ODM builds. The firm sees Intel's data center business as the near-term bright spot, while the PC market remains a headwind."
"Intel guided Q1 2026 revenue of $11.7 billion to $12.7 billion, with non-GAAP EPS of $0 and supply constraints expected to tighten before improving in Q2."
"Our conviction in the essential role of CPUs in the AI era continues to grow... The introduction of our first products on Intel 18A - the most advanced process technology developed and manufactured in the United States - marks an important milestone."
Intel's stock has seen a significant increase, leading Susquehanna to raise its price target from $45 to $65 while maintaining a Neutral rating. The upcoming Q1 results, expected on April 23, may meet or slightly exceed expectations, reflecting a positive shift for Intel. Strong demand for Server CPUs is anticipated to drive modest growth, despite challenges in the PC market. Intel's data center business is viewed as a key strength, while the company has also improved its cash position significantly over the past year.
Read at 24/7 Wall St.
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