/Intel%20Corp_%20logo%20on%20mobile%20phone-by%20Piotr%20Swat%20via%20Shutterstock.jpg)
Valued at a market cap of $85 billion, Intel (INTC) stock is down nearly 40% in the last 12 months. Intel has also grossly underperformed the broader market over the past decade as the chip maker continues to lose market share to peers such as Nvidia (NVDA) and Advanced Micro Devices (AMD).
Investors will be looking closely at Intel’s Q1 results, scheduled to be released on April 24. However, an even more important event will be the company’s Foundry Day presentation on April 29. Let’s see why.
What Do Analysts Expect from Intel in Q1?
Wall Street expects Intel to report revenue of $12.3 billion and break-even adjusted earnings per share in Q1 2025. In the year-ago period, it reported revenue of $12.7 billion and adjusted earnings of $0.18 per share.
In 2025, Intel is forecast to grow its revenue marginally by 0.42% year over year to $53.3 billion, while earnings per share are forecast at $0.49, compared to a loss per share of $0.13 in 2024.
Last month, Intel unveiled its strategic vision as new CEO Lip-Bu Tan outlined plans to transform the chip giant amid rising competition and technological shifts. Tan, who took the helm in March, is setting an ambitious agenda focused on refocusing Intel on core businesses, accelerating innovation, and rebuilding customer trust. The former CEO of Cadence Design (CDNS) brings decades of semiconductor industry experience to Intel at a critical time for the company.
Intel executives have presented a three-pronged approach: winning in AI PCs, strengthening data center capabilities, and continuing to innovate in artificial intelligence. Intel’s client computing group showcased its Lunar Lake chips, featuring breakthrough battery life, and Arrow Lake processors for performance-focused applications, while highlighting the rollout of vPro technology for commercial users.
The chipmaker faces significant challenges in the data center market, where it has lost market share to its competitors. Intel’s Xeon 6 portfolio aims to deliver up to 40% higher performance than previous generations and up to 50% better AI inference capabilities. Intel also introduced its Gaudi 3 AI accelerators, claiming they deliver better total cost of ownership compared to Nvidia's H100 and H200 GPUs.
Intel Foundry Services represents another strategic priority as the company announced that it has entered the “risk production” phase for its 18A process technology. This milestone signals Intel’s progress in its foundry ambitions as it works to serve external customers beyond its own chip designs.
The semiconductor giant also plans to spin off non-core businesses to strengthen its balance sheet and focus on chip manufacturing. As the only American company designing and manufacturing advanced chips, Intel’s transformation has implications that extend beyond its business prospects to national technology leadership in semiconductor manufacturing.
Is Intel Stock Undervalued?
Analysts covering Intel expect adjusted earnings growth to accelerate to $3.31 per share in 2029, up from $0.49 per share in 2025. The company’s foundry plans have meant it will deploy significant resources toward capital expenditures, expected to result in negative free cash flows over the next two years. However, Intel is expected to end 2029 with free cash flow of almost $20 billion, indicating a margin of 38%, compared to a $9.8 billion outflow in 2025.
Out of the 36 analysts covering Intel stock, one recommends “Strong Buy,” 31 recommend “Hold,” and four recommend “Strong Sell.” The average INTC stock price target is $24.05, indicating upside potential of over 20% from current levels.
