Piper Sandler rates Intel stock Neutral in latest analyst update

Published on 10/05/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Piper Sandler set a Neutral rating on September 10, 2026. Intel stock costs EUR 104.80 on October 5, 2026 versus EUR 106.06, minus 1.19 percent.

Extreme macro photograph of a CPU processor chip corner revealing the polished metallic heat spreader surface and dense rows of gold contact pins in a pin grid array, dramatic blue studio lighting — Intel Corporation US4581401001 zeigt eine extreme Makro-Nahaufnahme eines CPU-Chips mit goldenem Pin-Grid-Array, Illustration mit AI erstellt.

Intel (ISIN US4581401001) was trading at EUR 104.80 at Lang & Schwarz on October 5, 2026 at 9:13 a.m. CEST, down 1.19 percent from the prior close of EUR 106.06. Piper Sandler set a Neutral rating on Intel with a USD 110.00 price target on September 10, 2026, according to MarketScreener.

Second-quarter revenue grew 25.00 percent

Intel's second-quarter 2026 revenue reached USD 16.13 billion, up 25.00 percent from USD 12.86 billion in the same quarter of 2025. According to Investing.com, non-GAAP earnings per share came in at USD 0.42, versus USD 0.21 consensus, while GAAP earnings per share showed a loss of USD 2.16 because of a USD 12.53 billion non-cash charge.

The quarter also produced USD 7.00 billion in operating cash flow, compared with USD 1.10 billion in the first quarter of 2026. That contrast matters because Intel's growth story is improving while its accounting result remains burdened by large non-cash items.

October 22 earnings set the next test

Intel's third-quarter 2026 guidance calls for revenue of USD 15.80 billion to USD 16.80 billion, with a midpoint of USD 16.30 billion. Non-GAAP gross margin guidance is 42.00 percent and non-GAAP earnings per share guidance is USD 0.38, according to the Investing.com analysis dated October 1, 2026.

FX Leaders reports that Intel is scheduled to publish its next earnings report on October 22, 2026. The same report cites an average 12-month price target of USD 116.37 from 49 analysts, while the latest Piper Sandler action keeps the rating neutral at USD 110.00.

Valuation meets execution risk

Intel's market capitalization was USD 601.9 billion as of October 2, 2026, while its 52-week range was USD 32.89 to USD 142.35. The EUR 104.80 Lang & Schwarz quote therefore sits in a market picture shaped by a wide valuation range, improving quarterly revenue and the need to convert guidance into sustained cash generation.

Intel was trading at EUR 104.80 at Lang & Schwarz on October 5, 2026 at 9:13 a.m. CEST, minus 1.19 percent versus the Lang & Schwarz prior close of EUR 106.06 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Intel stock.