JPMorgan upgrades Intel stock to Neutral before October 29 results

Published on 10/22/2026 at 11:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue guidance is USD 15.8 billion to USD 16.8 billion. Intel stock costs EUR 78.48 on October 22, 2026 before October 29 results.

Analyst shift and operating scale

JPMorgan changed its Intel rating to Neutral from Underweight on October 19, 2026.
Second-quarter revenue reached USD 16.13 billion, up 25.20 percent year over year.
Intel stock trades at EUR 78.48 at 11:07 a.m. CEST at Lang & Schwarz on October 22, 2026.
Intel's market capitalization was USD 491.4 billion as of October 21, 2026.

Soft watercolor panorama of Santa Clara California with low-rise tech campus buildings nestled among trees, rolling hills and distant mountains in warm pastel peach lavender and blue tones — Intel Corporation US4581401001 Heimatstadt Santa Clara mit sanften Pastelltönen und Bergen im Aquarell-Stil, Illustration mit AI erstellt.

Intel (ISIN US4581401001) was trading at EUR 78.48 at Lang & Schwarz on October 22, 2026 at 11:07 a.m. CEST. JPMorgan upgraded Intel from Underweight to Neutral on October 19, 2026, according to Boerse Express.

The rating change gives Intel a more balanced analyst backdrop before its third-quarter report. The stock still faces a demanding test because the company guided for third-quarter revenue of USD 15.8 billion to USD 16.8 billion, with the results scheduled for October 29, 2026.

Three events reset the debate

Intel reported second-quarter revenue of USD 16.13 billion on July 23, 2026, up 25.20 percent from the prior year, while adjusted earnings per share reached USD 0.42 against a USD 0.21 consensus estimate, according to MarketBeat. On October 6, 2026, Mizuho raised its price target from USD 92.00 to USD 114.00 while keeping a Neutral rating, the same source reported. On October 19, 2026, JPMorgan moved its rating from Underweight to Neutral, as Investing.com described.

What does the guidance mean?

The guidance sets a measurable hurdle for the next report. The USD 15.8 billion to USD 16.8 billion revenue range brackets the USD 16.13 billion delivered in the second quarter, while the company also guided to USD 0.31 GAAP earnings per share and USD 0.38 non-GAAP earnings per share, according to Investing.com.

The operating recovery is real but uneven. Second-quarter Data Center and AI revenue climbed 59.00 percent to USD 6.26 billion, while Intel Foundry revenue rose 31.00 percent year over year to USD 5.77 billion. Those figures raise the importance of demand, supply and margin commentary in the October report.

Next reporting date

Intel's investor-relations calendar lists the third-quarter 2026 earnings conference call for October 29, 2026, at 2:00 p.m. Pacific Time, with results due after the market close, according to Intel.

Price reflects a high-volatility setup

Intel's primary listing is on the Nasdaq. The stock last stood at USD 92.96 on October 21, 2026 at 4:00 p.m. ET, while its 52-week range was USD 32.89 to USD 142.35 and its market capitalization was USD 491.4 billion. The euro quotation remains the relevant reference for investors in Germany.

Intel was trading at EUR 78.48 at Lang & Schwarz on October 22, 2026 at 11:07 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Intel stock.