Intel shares closed at $123.86 on Sept. 22, after trading below $30 within the past year. Insider Monkey says improving production and demand are offset by ongoing losses and a foundry reliant on Intel's own orders, leaving little room for delays at the current price.
Intel has beaten its own revenue forecasts for seven straight quarters. Its 18A manufacturing process has entered production, and management reaffirmed the next node for 2028. CEO Lip-Bu Tan said this month the company can meet only about half of customer demand; the article also cites substrate and packaging capacity as limits on how quickly Intel can ship.
Intel's foundry business lost $2.1 billion last quarter on $5.8 billion in revenue, and only $293 million came from external customers; nearly all the rest was sales to Intel itself. The company lost $11.29 billion over the past year, leaving no trailing earnings to value, the article says. It identifies growth in external foundry revenue as a key test of the recovery.
