Intel’s Strongest Revenue Growth in 15 Years Points to 30% Upside

Intel (NASDAQ:INTC) conscionable delivered its strongest gross maturation successful much than 15 years, and our exemplary sees much country to run. The stock trades astatine $100.23 aft a stunning 171.63% year-to-date rally.

Our 24/7 Wall St. terms people for Intel is $130.66, implying 30.36% upside implicit the adjacent 12 months. That earns a bargain standing with a 90% assurance level. This is simply a high-conviction telephone anchored to a genuine net inflection.

The Rally Has Legs After a Blowout Q2

Intel reported Q2 fiscal 2026 connected July 23, 2026, and the numbers reframed the story. Revenue deed $16.13 billion, up 25.4% twelvemonth implicit year, beating estimates by 11.64%. Non-GAAP EPS came successful astatine $0.42 versus a $0.10 estimate, a 320% surprise. The Data Center and AI conception surged 59% to $6.26 billion, and CEO Lip-Bu Tan called it "our strongest gross maturation successful much than 15 years."

The banal has cooled disconnected recently, down 24.23% implicit the past period from a highest of $142.35, but shares are up 326.69% implicit the past year. That pullback has compressed the valuation aggregate comparative to peers.

Why Bulls See a Breakout Ahead

The bull lawsuit rests connected 3 pillars:

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• AI request for server CPUs is broadening, and Intel's Xeon 6 was selected arsenic the big CPU for NVIDIA DGX Rubin NVL8

• Intel 18A-P entered hazard accumulation connected schedule, and Panther Lake is successful high-volume manufacturing utilizing ASML High NA EUV tools

• Intel raised 2026 CapEx to implicit $20 billion, signaling absorption assurance echoed by ecosystem partners

The $5 cardinal NVIDIA equity concern and $2 cardinal SoftBank concern adhd strategical ballast. If Q3 lands astatine the precocious extremity of guidance ($16.8 billion) with 42% non-GAAP gross margin, a bull-case way to $138.44 becomes credible.

Morgan Stanley expert Joseph Moore raised the firm's terms people connected Intel to $84 from $75 and keeps an Equal Weight standing connected the shares.