Intel(US:INTC) Benzinga·2026-01-23 16:59Core Insights - Intel Corp. reported mixed fourth-quarter results, beating profit expectations but guiding for weaker near-term revenue and flat earnings, indicating uneven progress in its turnaround [1] - The company posted revenue of $13.67 billion, exceeding the consensus of $13.37 billion, while adjusted earnings reached 15 cents per share, surpassing expectations of eight cents [2] - Revenue declined 4% year over year, with strength in Data Center and AI partially offsetting weakness in the Client Computing Group [2] Financial Performance - For the first quarter, Intel forecasts revenue between $11.7 billion and $12.7 billion, below the Street estimate of $12.49 billion, and guided for breakeven adjusted earnings, contrasting with expectations for a modest profit [2] - Analysts noted that tight chip supply continues to cap shipment volumes, particularly affecting Intel 10 and 7, where much of the company's output is concentrated [3] Analyst Perspectives - Needham analyst maintained a Hold rating, highlighting that Intel's guidance fell below both his forecast and Wall Street's despite beating fourth-quarter expectations [3] - Benchmark analyst reiterated a Buy rating and raised the price forecast to $57 from $50, suggesting that the stock pullback was driven by cautious guidance despite a solid quarter [5] - JP Morgan analyst maintained an Underweight rating and increased the forecast to $35 from $30, citing weaker guidance due to persistent internal wafer capacity limits [6] Market Outlook - Looking ahead, analysts expect Intel to streamline its server roadmap and accelerate product timing to mitigate share losses to Advanced Micro Devices, Inc. [7] - JPMorgan's global team anticipates a 9% decline in PC shipments next year, but demand in Data Center and AI is expected to drive low- to mid-single-digit overall revenue growth for Intel this year [7] Stock Performance - Intel shares were down 15.70% at $45.78 at the time of publication [8]