Intel Posts Earnings Beat With 59% Server CPU Growth, Strongest in 15 Years; Wall Street Split on Outlook

According to multiple Wall Street analysts, Intel's latest earnings beat expectations with earnings per share surging 2x forecast and revenue exceeding guidance by 25%, driven by 59% server CPU sales growth—the strongest in 15 years as demand for AI data center chips accelerates.

However, analyst views diverged sharply: Bank of America reiterated a buy rating with a $160 target price, citing Intel's successful pivot to AI servers and positive progress in foundry operations. Goldman Sachs raised its target to $150 but kept a neutral stance, noting stronger competitors like Nvidia, AMD, and Broadcom offer better growth visibility. JP Morgan maintained an underweight rating, upgrading its target to $85 from $45 but citing concerns over Intel's foundry business lacking major customer commitments. Bernstein assigned a neutral rating at $110, praising execution but expressing concerns over PC market softening and potential future capital raises.