Intel shares are consolidating. Where are INTC shares going?
Earnings Preview & HistoryIntel is scheduled to report second-quarter earnings today after the market closes. Analysts estimate EPS of 19 cents along with revenue of $14.40 billion. For the prior quarter, Intel reported EPS of 29 cents, beating the consensus estimate of a loss of 1 cent. The company also posted revenue of $13.58 billion, exceeding the consensus estimate of $12.40 billion.What to WatchInvestors will be closely tracking gross margin trajectory, which Intel guided to approximately 39% for the quarter, down from 41% in Q1 as a larger share of higher cost 18A products moves through production. Data Center and AI revenue is another key figure to watch — the segment generated $5.05 billion in Q1, and management’s guidance implies double-digit sequential growth is needed to keep pace with the AI buildout narrative. Commentary on 18A manufacturing yields and the foundry business will also draw attention, given ongoing questions about when the segment can turn cash-generative, along with any updates on forward guidance and capital spending discipline heading into the second half of the year.A Longer-Term Uptrend Meets Short-Term WeaknessFrom a trend perspective, Intel is still in a longer-term uptrend, trading about 15% above its 100-day SMA ($89.85) and roughly 58% above its 200-day SMA ($65.50). The near-term picture is softer, though, with the stock about 8% below its 20-day SMA ($112.99) and roughly 11% below its 50-day SMA ($115.90), which keeps rallies vulnerable to supply.Momentum is best explained by MACD right now: MACD is below its signal line and the histogram is negative, which points to fading upside pressure versus the prior upswing unless buyers can reclaim that baseline. That lines up with the bearish 20-day SMA below the 50-day SMA, even as the bigger-picture "golden cross" (50-day above 200-day) from August 2025 still argues the primary trend hasn’t fully broken.
