Recent Insider Transactions • May 07
Executive VP recently sold US$4.0m worth of stock On the 1st of May, April Miller Boise sold around 40k shares on-market at roughly US$99.53 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.8m more than they bought in the last 12 months. Announcement • May 06
Intel Corporation Announces Executive Appointments Intel Corporation announced Alex Katouzian will join Intel as executive vice president and general manager of the Client Computing and Physical AI Group. In this role, Katouzian will align Intel’s client computing business with emerging physical AI systems that span robotics, autonomous machines, and other AI devices. Katouzian joins Intel from Qualcomm Technologies where he most recently served as executive vice president and group general manager of mobile, compute, and extended reality (XR). He is widely recognized for his technical vision and consistent track record of execution at scale. Katouzian will join Intel in May. Intel also announced that Pushkar Ranade has been appointed chief technology officer, transitioning from the interim role. As CTO, Ranade will advance the company’s technology strategy, lead special technology projects, and drive the development of critical emerging areas, including quantum computing, neuromorphic computing, photonics, and novel materials. Ranade will continue to serve as chief of staff to the CEO, ensuring strong alignment between Intel’s technology strategy and business priorities. Both Katouzian and Ranade will report directly to CEO Lip-Bu Tan. Recent Insider Transactions Derivative • May 05
Key Executive exercised options and sold US$1.3m worth of stock On the 30th of April, Nagasubramaniyan Chandrasekaran exercised options to acquire 14k shares at no cost and sold these for an average price of US$93.60 per share. This trade did not impact their existing holding. Since December 2025, Nagasubramaniyan's direct individual holding has increased from 150.03k shares to 207.52k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months. Live News • May 05
Intel Tops Q1 Estimates as AI Demand Expands and US Backing Grows Intel’s Q1 2026 results beat Wall Street expectations, with revenue of US$13.6b and adjusted EPS of US$0.29, driven by 22% growth in Data Center and AI revenue and tight server CPU supply.
The US government has expanded its Intel stake to roughly US$36b for about 10% ownership, while Apple is exploring Intel as a potential US-based foundry partner for core device processors.
Intel is deepening its AI push through investments in SambaNova and QuantWare and has hired former Qualcomm executive Alex Katouzian to lead its Client Computing and Physical AI unit.
Intel is leaning hard into AI infrastructure across both products and manufacturing. Data Center and AI now account for a large portion of the business, with demand strong enough that Intel is even monetizing chips previously treated as scrap. At the same time, the foundry segment is seeing revenue of its own tied to AI chips, helped by interest from large customers like Alphabet for EMIB packaging and early talks with Apple about US-based production.
For investors, the mix of government backing, hyperscaler and automaker partnerships, and external AI investments in SambaNova and QuantWare indicates that Intel is working to secure a central role in AI hardware and domestic chipmaking. Execution risk remains an important consideration given losses in the foundry business, questions about long-term market share and ongoing CPU shortages, while recent leadership hires and technology roadmaps in 18A and 14A highlight where management is concentrating its efforts. Major Estimate Revision • May 03
Consensus EPS estimates fall by 294%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$54.5b to US$58.6b. Forecast EPS reduced from -US$0.087 to -US$0.342 per share. Semiconductor industry in the US expected to see average net income growth of 39% next year. Consensus price target up from US$55.82 to US$78.21. Share price rose 21% to US$99.62 over the past week. Reported Earnings • Apr 26
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: US$0.73 loss per share (further deteriorated from US$0.19 loss in 1Q 2025). Revenue: US$13.6b (up 7.2% from 1Q 2025). Net loss: US$3.73b (loss widened 354% from 1Q 2025). Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Announcement • Apr 25
Intel Corporation Provides Earnings Guidance for the Second-Quarter of 2026 Intel Corporation provided earnings guidance for the second-quarter of 2026. For the quarter, the company forecasting revenue of $13.8 billion to $14.8 billion; Earnings (Loss) Per Share Attributable to Intel—Diluted is expected to be $0.08. Major Estimate Revision • Apr 14
Consensus EPS estimates upgraded to US$0.13 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$0.152 to -US$0.128 per share. Revenue forecast steady at US$54.1b. Semiconductor industry in the US expected to see average net income growth of 38% next year. Consensus price target up from US$47.11 to US$51.09. Share price rose 21% to US$63.81 over the past week. Announcement • Apr 01
Intel Corporation to Report Q1, 2026 Results on Apr 23, 2026 Intel Corporation announced that they will report Q1, 2026 results After-Market on Apr 23, 2026 Announcement • Mar 12
Intel Corporation, Annual General Meeting, May 13, 2026 Intel Corporation, Annual General Meeting, May 13, 2026. Recent Insider Transactions Derivative • Mar 06
Executive VP & CFO exercised options and sold US$2.2m worth of stock On the 2nd of March, David Zinsner exercised options to acquire 49k shares at no cost and sold these for an average price of US$44.88 per share. This trade did not impact their existing holding. Since March 2025, David's direct individual holding has increased from 222.85k shares to 364.36k. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Mar 04
Intel Corporation Announces Retirement of Frank D. Yeary as Board Chair on May 13, 2026 Intel Corporation announced that its board of directors had elected Dr. Craig H. Barratt as independent chair, effective following the company’s Annual Stockholders’ Meeting on May 13, 2026. Barratt succeeded Frank D. Yeary, who retired from the board and did not stand for reelection at the Annual Meeting. Yeary served as a director since 2009 and as chair since 2023. Announcement • Feb 05
Intel Corporation Appoints Eric Demers as Chief GPU Architect Intel Corporation announced that the appointment of Eric Demers, a formidable former Qualcomm executive, as Chief GPU Architect. Demers officially transitioned to Intel last month, reporting directly to Kevork Kechichian, the head of Data Center silicon. Recent Insider Transactions Derivative • Feb 04
Executive VP & CFO exercised options and sold US$2.8m worth of stock On the 2nd of February, David Zinsner exercised options to acquire 60k shares at no cost and sold these for an average price of US$47.67 per share. This trade did not impact their existing holding. Since March 2025, David's direct individual holding has increased from 222.85k shares to 247.39k. Company insiders have collectively sold US$8.9m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Feb 03
Consensus EPS estimates upgraded to US$0.16 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -US$0.182 to -US$0.162 per share. Revenue forecast steady at US$53.8b. Semiconductor industry in the US expected to see average net income growth of 38% next year. Consensus price target up from US$46.09 to US$47.17. Share price rose 12% to US$49.25 over the past week. New Risk • Feb 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • Jan 23
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: US$0.059 loss per share (improved from US$4.38 loss in FY 2024). Revenue: US$52.9b (flat on FY 2024). Net loss: US$267.0m (loss narrowed 99% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Jan 23
Intel Corporation Provides Earnings Guidance for the First Quarter 2026 Intel Corporation provides earnings guidance for the first quarter 2026. For the period, the company forecasting revenue of $11.7 billion to $12.7 billion; expecting EPS attributable to company of negative $0.21. Major Estimate Revision • Jan 21
Consensus EPS estimates fall by 35% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.045 to -US$0.06 per share. Revenue forecast unchanged at US$52.6b. Semiconductor industry in the US expected to see average net income growth of 37% next year. Consensus price target up from US$38.45 to US$42.46. Share price rose 11% to US$54.25 over the past week. Price Target Changed • Jan 16
Price target increased by 7.2% to US$41.08 Up from US$38.31, the current price target is an average from 38 analysts. New target price is 13% below last closing price of US$46.99. Stock is up 119% over the past year. The company is forecast to post a net loss per share of US$0.059 next year compared to a net loss per share of US$4.38 last year. Announcement • Jan 08
Intel Corporation to Report Q4, 2025 Results on Jan 22, 2026 Intel Corporation announced that they will report Q4, 2025 results After-Market on Jan 22, 2026 Announcement • Jan 06
Intel Unveils Intel Core Ultra Series 3 Processors Intel unveiled Intel®? Core™? Ultra Series 3 processors, the first AI PC platform built on Intel 18A process technology that was designed and manufactured in the United States. Powering over 200 PC designs: Series 3 includes a robust family of mobile processors, delivering exceptional performance, graphics and battery life. From PC to Edge: For the first time, Series 3 processors are tested and certified for embedded and industrial use cases at the edge like robotics, smart cities, automation, healthcare and more. Leveraging the same foundational architecture of Intel Core Ultra Series 3, the Intel Core lineup enables more performant and efficient laptop designs at lower price points. For the first time, alongside their PC counterparts, Series 3 edge processors are certified for embedded and industrial use case, including extended temperature ranges, deterministic performance, and 24x7 reliability. Intel Core Ultra Series 3 delivers competitive advantages in critical edge AI workloads with up to 1.9x higher large language model (LLM) performance4, up to 2.3x better performance per watt per dollar on end-to-end video analytics, and up to 4.5x higher throughput on vision language action (VLA) models6. The integrated AI acceleration enables superior total cost of ownership (TCO) through a single system on chip (SoC) solution versus traditional multi-chip CPU and GPU architectures. Pre-orders for the first consumer laptops powered by Intel Core Ultra Series 3 processors will begin Jan. 6, 2026. Systems will be available globally starting Jan. 27, 2026, with additional designs coming throughout the first half of the year. Edge systems powered by Intel Core Ultra series 3 will be available starting Second Quarter 2026. New Risk • Jan 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Dec 16
Intel Corporation Announces Executive Changes Intel Corporation announced senior leadership appointments in three core functions - government affairs, marketing & communications and advanced technology strategy - strengthening the company's engagement with customers, policymakers, and global stakeholders while advancing its long-term strategy. Robin Colwell has joined Intel as senior vice president of government affairs, where she will lead the company's global engagement with policymakers, regulators, and industry leaders. She will focus on building trust, advancing Intel's strategic priorities, and positioning the company at the intersection of public policy, technology, and manufacturing. Colwell most recently served as deputy assistant to President Donald J. Trump and deputy director of the National Economic Council, developing Administration policies across all sectors of the U.S. economy. She previously advised clients on telecommunications, technology, and cybersecurity policy issues at the BGR Group. Annie Shea Weckesser has been appointed senior vice president and chief marketing and communications officer. She will lead Intel's newly integrated global marketing and communications organization, unifying corporate reputation, brand strategy, and market engagement. Weckesser joins Intel from SambaNova, where she served as chief marketing officer and helped build the company's brand and drive demand for its AI platforms. She previously led U.S. marketing and communications at NIO Inc. and spent nearly a decade in global marketing and communications roles at Cisco. In addition to his current role as chief of staff to the CEO, Pushkar Ranade will also serve as interim chief technology officer to help formulate the company's advanced technology strategy and to consolidate and develop critical emerging technologies, such as quantum computing, advanced interconnects, and novel materials within the new CTO Office. Over the course of his Intel career, Pushkar has made important contributions to the definition, development, and high-volume ramp of multiple Intel Foundry process technology nodes. He holds a PhD in Engineering from the University of California, Berkeley, and is a widely published and prolific author and inventor, with deep expertise in semiconductor device physics and transistor process integration. He is based in Santa Clara, CA. Robin's appointment follows that of James Chew as vice president of Intel Government Technologies. James brings exceptional leadership experience and deep expertise in both government contracting and advanced technology markets that will help Intel strengthen its position as a trusted partner to the U.S. Government. James will work closely with Robin to strengthen the Government Affairs team. Announcement • Dec 12
Intel Reportedly in Talks to Buy SambaNova Systems According to recent media reports, Intel Corporation (NasdaqGS:INTC) is on track to acquire AI chip startup SambaNova(SambaNova Systems, Inc.). SambaNova offers a full-stack AI platform that helps run AI applications both on private clouds and in data centers. Rumors around the deal started in October, but they seem to be getting more credible as time passes, especially with the two companies already having an existing relationship. Lip Bu-Tan, who is the CEO of Intel, is also the executive chairman of SambaNova. Intel Capital has already made an investment in the company, and Japanese tech company SoftBank (SFTBY), which took a stake in Intel in August, is also a stakeholder in SambaNova. This brings back the AI circular economy debate, but the relationship raises the probability of an eventual acquisition of SambaNova by Intel. The deal will help Intel penetrate a market segment it has been lacking in. As things stand, Intel does not offer AI appliances like the Nvidia (NVDA) DGX racks or GroqRack. SambaNova sells similar racks and, therefore, allows Intel to enter the enterprise AI market to snatch market share from other AI companies. The fact that SambaNova already has some traction in finance, healthcare, defense, and the government is a positive sign for Intel if the acquisition goes through. Investors would need to wait for regulatory approval and initial feasibility studies before a deal is finalized. Major Estimate Revision • Dec 10
Consensus EPS estimates fall by 34% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.032 to -US$0.043 per share. Revenue forecast unchanged at US$52.6b. Semiconductor industry in the US expected to see average net income growth of 38% next year. Consensus price target broadly unchanged at US$37.97. Share price fell 6.8% to US$40.78 over the past week. Board Change • Dec 01
High number of new directors Independent Director Craig Barratt was the last director to join the board, commencing their role in 2025. Announcement • Nov 19
Intel Corporation Appoints Cindy Stoddard as Senior Vice President and Chief Information Officer, Effective December 1, 2025 Intel Corporation announced the appointment of Cindy Stoddard as senior vice president and chief information officer (CIO), effective December 1, 2025. Stoddard will report directly to CEO Lip-Bu Tan and lead Intel's global IT organization as the company accelerates its digital transformation and modernizes its technology infrastructure. Stoddard brings more than 25 years of experience modernizing digital operations at scale. She joins Intel from Adobe, where she spent nine years leading global IT and cloud operations. At Adobe, she drove the company's cloud migration and enterprise data strategy, playing a key role in the company's digital transformation initiatives. Prior to Adobe, Stoddard held senior technology leadership roles at NetApp, Safeway, APL (American President Lines), and Consolidated Freightways, where she developed deep expertise in logistics and built high-performing teams known for operational excellence and customer-focused innovation. In her new role, Stoddard will guide the next phase of Intel's digital transformation, focusing on modernizing systems, strengthening enterprise-wide data integration, and enabling faster and more secure decision-making across the business. She will also advance Intel's internal AI-enabled IT transformation as the company positions itself at the forefront of artificial intelligence innovation. Stoddard’s appointment reflects Intel's continued strategic focus on strengthening its technology capabilities and operational efficiency as the company deepens its transformation under Tan's leadership. New Risk • Nov 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 50% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Announcement • Oct 31
Intel Corporation Reportedly in Talks to Acquire SambaNova Systems Intel Corporation (NasdaqGS:INTC) is in preliminary talks to buy artificial intelligence chip startup SambaNova Systems Inc., according to people familiar with the matter. Intel is discussing the terms of an acquisition with SambaNova, which has been working with bankers to gauge interest from potential suitors, the people said. Any deal would likely value SambaNova at below the $5 billion it fetched in a 2021 funding round, the people said, asking not to be identified because the information is private. Deliberations are in the early stages and there’s no certainty the companies will reach an agreement, according to the people. Another buyer could also emerge, they said. SambaNova is always looking at strategic opportunities that support its mission and stakeholders, said a spokesperson for the company, who declined to comment further. A representative for Intel declined to comment. The Information first reported that SambaNova was exploring a sale. Major Estimate Revision • Oct 30
Consensus EPS estimates upgraded to US$0.052 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$1.22 to -US$0.052 per share. Revenue forecast steady at US$52.5b. Semiconductor industry in the US expected to see average net income growth of 24% next year. Consensus price target up from US$28.09 to US$36.85. Share price rose 12% to US$41.34 over the past week. Reported Earnings • Oct 24
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.90 (up from US$3.88 loss in 3Q 2024). Revenue: US$13.7b (up 2.8% from 3Q 2024). Net income: US$4.06b (up US$20.7b from 3Q 2024). Profit margin: 30% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Announcement • Oct 24
Intel Corporation Provides Earnings Guidance for Fourth Quarter 2025 Intel Corporation provided earnings guidance for fourth quarter 2025. For the quarter, the company expects revenue of $12.8 billion - $13.8 billion and Loss Per Share Attributable to Intel—Diluted of $0.14. Buy Or Sell Opportunity • Oct 10
Now 23% undervalued Over the last 90 days, the stock has risen 55% to US$36.33. The fair value is estimated to be US$46.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.4% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 0.4% in a year. Earnings are forecast to grow by 85% in the next year. Price Target Changed • Sep 19
Price target increased by 9.4% to US$24.25 Up from US$22.18, the current price target is an average from 36 analysts. New target price is 18% below last closing price of US$29.58. Stock is up 35% over the past year. The company is forecast to post a net loss per share of US$1.26 next year compared to a net loss per share of US$4.38 last year. Announcement • Sep 18
Intel Corporation announced that it expects to receive $4.999999993 billion in funding from NVIDIA Corporation Intel Corporation announced a private placement to issue 214,776,632 shares at a price of $23.28 per share for aggregate gross proceeds of $4,999,999,992.96 on September 18, 2025. The transaction will include participation from new investor NVIDIA Corporation and is subject to regulatory approvals. Recent Insider Transactions Derivative • Sep 10
Corporate VP & Chief Accounting Officer exercised options and sold US$146k worth of stock On the 2nd of September, Scott Gawel exercised options to acquire 6k shares at no cost and sold these for an average price of US$23.96 per share. This trade did not impact their existing holding. Since December 2024, Scott's direct individual holding has increased from 49.02k shares to 74.94k. Company insiders have collectively sold US$5.4m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Sep 09
Intel Announces Key Leadership Appointments to Accelerate Innovation and Strengthen Execution Intel Corporation announced a series of senior leadership appointments that support the company’s strategy to strengthen its core product business, build a trusted foundry, and foster a culture of engineering across the business. Kevork Kechichian has joined Intel as executive vice president and general manager of the Data Center Group (DCG). In this role, he will lead Intel’s data center business across cloud and enterprise, including the Intel Xeon processor family. Kechichian brings more than 30 years of industry experience, and joins Intel from Arm, where he most recently served as executive vice president of engineering. At Arm, he led technology development with ecosystem partners and managed the company's transformation from IP licensing to delivering full-stack solutions. His previous leadership roles include senior engineering positions at NXP Semiconductors and Qualcomm. Jim Johnson has been appointed senior vice president and general manager of Intel’s Client Computing Group (CCG), after successfully serving in the role on an interim basis. He will lead Intel’s efforts to deliver innovative computing solutions and foster growth across the global PC and edge ecosystems. A 40-year Intel veteran, Johnson has held various engineering and leadership roles across the company, including in the Technology and Manufacturing Group, the Networking and Communications Group, and general manager of several global businesses and manufacturing plants. Intel is also establishing a new Central Engineering Group led by Srinivasan (Srini) Iyengar, a senior vice president and Fellow. In his expanded role, Iyengar will lead horizontal engineering functions and build a new custom silicon business to serve a broad range of external customers. Iyengar joined Intel in June from Cadence Design Systems, where he led global silicon engineering. He brings deep technical expertise in custom silicon development and has worked closely with hyperscale data center customers to optimize solutions for key workloads. Naga Chandrasekaran, executive vice president and chief technology and operations officer of Intel Foundry, will expand his role to include Foundry Services. This will create a more integrated structure spanning technology development, manufacturing and go-to-market to better serve customers. Intel consolidated technology development and manufacturing under Chandrasekaran’s leadership earlier this year. Chandrasekaran joined Intel in 2024 from Micron, where he served as senior vice president for technology development. He brings decades of experience spanning the breadth of semiconductor manufacturing and R&D. Additionally, Intel announced that Michelle Johnston Holthaus, chief executive of Intel Products, will depart after more than three decades with the company. Holthaus held numerous senior leadership roles, including interim co-CEO, executive vice president and general manager of CCG, and chief revenue officer. She will remain a strategic advisor over the coming months to ensure a seamless transition. Recent Insider Transactions Derivative • Aug 03
Executive VP exercised options and sold US$176k worth of stock On the 30th of July, April Boise exercised options to acquire 9k shares at no cost and sold these for an average price of US$20.35 per share. This trade did not impact their existing holding. Since December 2024, April's direct individual holding has increased from 45.94k shares to 74.69k. Company insiders have collectively sold US$5.0m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Aug 01
Telefonaktiebolaget LM Ericsson (publ) Reportedly in Talks to Invest Hundreds of Millions of Dollars in Intel Corporation's Networking Unit The Swedish telecom equipment maker Telefonaktiebolaget LM Ericsson (publ) (OM:ERIC B) is in talks to invest hundreds of millions of dollars in Intel Corporation (NasdaqGS:INTC)'s networking infrastructure business, according to people familiar with the matter. The investment would make Ericsson a minority stakeholder in the newly spun-off networking and edge business known as NEX that has long supplied chips to Ericsson for its radio access network hardware, the people said, asking not to be identified because the talks are private. Intel has held talks with other potential investors to join Ericsson in taking a stake in the business, which manufactures chips for use in computer and telecommunications networks, the people said. An arrangement has not yet been finalized, they said, and it’s possible a deal won’t materialize. Ericsson is a longtime customer of Intel, which has in recent years struggled to keep pace with rivals such as Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. Former Chief Executive Officer Pat Gelsinger was pushed out of the firm last year after his costly plan to turn the company into a maker of chips for other businesses failed to deliver results fast enough for its board. Intel has since been slashing costs and looking to sell off noncore businesses to bolster its finances. And last week, the company said it will spin off its network and infrastructure division into a standalone company. In April, the chipmaker agreed to sell a 51% stake in its programmable chips unit Altera to Silver Lake Management. Intel said in a statement that it has “begun the process of identifying strategic investors.” Similar to the Altera arrangement, Intel said it plans to remain an anchor investor in the networking spinoff, “enabling us to benefit from future upside.” Ericsson declined to provide a statement, saying it doesn’t comment “on the business of its partners” or rumors and speculation. Intel had been exploring options for the enterprise networking division for months, Bloomberg previously reported. NEX chief Sachin Katti wrote in an memo first reported by CRN that the separate company would focus on chips for communications, networking and Ethernet connectivity. Intel would retain a stake in the company. Many of Ericsson’s hardware products rely on chips designed by Intel for its mobile network equipment. The companies formed an even tighter relationship early last year when Ericsson announced its future infrastructure would be built on Intel’s Xeon Next-Gen processors for greater speed and energy efficiency. Reported Earnings • Jul 25
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: US$0.67 loss per share (further deteriorated from US$0.38 loss in 2Q 2024). Revenue: US$12.9b (flat on 2Q 2024). Net loss: US$2.92b (loss widened 81% from 2Q 2024). Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) missed analyst estimates by 140%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Jul 25
Intel Corporation Provides Earnings Guidance for Third Quarter 2025 Intel Corporation provided earnings guidance for third quarter 2025. For the quarter, the company expects revenue of $12.6 billion to $13.6 billion and Loss Per Share Attributable to Intel—Diluted of $0.24. Announcement • Jul 03
Intel Corporation to Report Q2, 2025 Results on Jul 24, 2025 Intel Corporation announced that they will report Q2, 2025 results After-Market on Jul 24, 2025 Announcement • Jun 30
Safroadu Yeboah-Amankwah to Depart as Chief Strategy Officer on June 30, 2025 Intel's top strategy executive, Safroadu Yeboah-Amankwah, is departing the company, the latest change since Lip-Bu Tan took the chipmaker's helm in March, two people familiar with the matter told Reuters. Yeboah-Amankwah, who has served as Intel's chief strategy officer since 2020, is leaving on June 30, 2025. Yeboah-Amankwah has overseen growth initiatives, strategic partnerships and equity investments for Intel, among other responsibilities. Some of Yeboah-Amankwah's strategy functions will now fall to Sachin Katti, whom Intel recently elevated to chief technology and AI officer. Intel Capital, the company's venture arm, is reporting up to Tan. Announcement • Jun 18
Intel Announces Executive Appointments Intel announced a series of leadership appointments aligned with its focus on strengthening customer relationships and becoming a more engineering-focusedcompany. Greg Ernst, a respected sales leader with more than 20 years of Intel experience, has been named chief revenue officer. In addition, Srinivasan Iyengar, Jean-Didier Allegrucci and Shailendra Desai are joiningIntel in key engineering leadership roles. Ernst has been leading Intel’s Sales and Marketing Group (SMG) since May. He is known as a customer-focused leader with a deep understanding of the market and has held a wide range of global sales, marketing and product development roles through his career. Prior to his most recent position, he led SMG across the Americas. Ernst continues to report to Tan. Iyengar has been named SVP and Fellow. He will lead a newcustomer engineering center of excellence and join the Intel Executive Team, reporting to Tan. He joinsIntel from Cadence Design Systems, where he led global silicon engineering. Iyengar brings extensive experience and expertise in helping customers create best-in-class custom silicon, including a deep focus on hyperscale data center solutions optimized for key workloads. Recent Insider Transactions Derivative • Jun 04
Executive VP & CFO exercised options and sold US$363k worth of stock On the 30th of May, David Zinsner exercised options to acquire 18k shares at no cost and sold these for an average price of US$19.79 per share. This trade did not impact their existing holding. Since September 2024, David's direct individual holding has increased from 152.56k shares to 222.85k. Company insiders have collectively sold US$5.6m more than they bought, via options and on-market transactions in the last 12 months. Board Change • May 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Director Lip-Bu Tan was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 02
Intel Corporation Announces Christopher Schell Decides to Resign as Executive Vice President, Chief Commercial Officer, and General Manager of Sales, Marketing and Communications, Effective as of June 30, 2025 Intel Corporation announced on April 28, 2025, Christopher Schell, Executive Vice President, Chief Commercial Officer, and General Manager of Sales, Marketing and Communications, notified the company of his decision to resign, effective as of June 30, 2025, in order to pursue another career opportunity. Announcement • May 01
Intel Announces Resignation of Christoph Schell as Chief Commercial Officer Intel Chief Commercial Officer Christoph Schell is resigning from the company after leading its Sales and Marketing Group since 2022 as Chief Commercial Officer. the chipmaker announced on April 30, 2025. Schell, who was hired by former Intel CEO Pat Gelsinger, informed the company Monday of his decision to leave the company by the end of June to pursue another career opportunity, Intel said in a regulatory filing with the U.S. Securities and Exchange Commission. Intel CEO Lip-Bu Tan told employees in a Wednesday memo seen by CRN that Schell is leaving to become CEO of Kuka, a German automation company with annual sales of roughly 4 billion euros and approximately 15,000 employees. Schell has served as a member of Kuka’s supervisory board since 2023, according to his LinkedIn profile. Greg Ernst, corporate vice president and general manager of Americas sales, has agreed to step in as interim leader of SMG—which houses Intel’s global partner organization—Tan said in the memo. Tan also said in his Wednesday memo that he has decided to elevate Jason Grebe, senior vice president and general manager of Intel’s Corporate Planning Group, to the executive team. Grebe previously reported to Schell under SMG. Reported Earnings • Apr 25
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: US$0.19 loss per share (further deteriorated from US$0.09 loss in 1Q 2024). Revenue: US$12.7b (flat on 1Q 2024). Net loss: US$821.0m (loss widened 116% from 1Q 2024). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • Apr 16
Slp Vii Gryphon Aggregator, L.P managed by Silver Lake Technology Management, L.L.C entered into a definitive agreement to acquire 51% stake in Altera Corp. from Intel Corporation (NasdaqGS:INTC) at an enterprise value of $8.8 billion. Slp Vii Gryphon Aggregator, L.P managed by Silver Lake Technology Management, L.L.C entered into a definitive agreement to acquire 51% stake in Altera Corp. from Intel Corporation (NasdaqGS:INTC) at an enterprise value of $8.8 billion on April 14, 2025. Intel will own the remaining 49% of the Altera business. For the period ending December 31, 2024, Altera Corp. reported total revenue of $1.54 billion,operating loss of $615 million. Raghib Hussain will succeed Sandra Rivera as chief executive officer of Altera, effective May 5, 2025. The transaction is expected to close in the second half of 2025, subject to customary closing conditions. Upon closing, Intel expects to deconsolidate Altera’s financial results from Intel’s consolidated financial statements. Morgan Stanley & Co. LLC acted as financial advisor for Intel . Barclays acted as financial advisor to Silver Lake. Announcement • Apr 14
Intel Reportedly Close to Unveiling Deal to Sell Altera to Silver Lake Intel Corporation (NasdaqGS:INTC) is nearing an agreement to sell a stake in its programmable chips unit to Silver Lake Management (Silver Lake Technology Management, L.L.C.), as the struggling US company begins to spin off non-central businesses and assets. Intel may announce a deal to sell Altera (Altera Corp.) to the private equity firm as soon as this week, people familiar with the matter said, asking not to be identified discussing a private arrangement. The pair have been hammering out an agreement that involved Intel selling a majority stake in the unit, Bloomberg News reported previously. Intel agreed in 2015 to pay roughly $17 billion for Altera, whose multi-use chips are primarily deployed in telecommunications networks. In 2024, the US chipmaker said it would look to sell a stake in Altera — part of a broader plan to turn its business around. Altera drew interest from Lattice Semiconductor Corp. and a group of buyout firms, Bloomberg News has reported. Some suitors had valued Altera at as little as $9 billion. While talks are advanced, an agreement could still be delayed or fall apart, the people said. Market volatility amid White House tariff announcements has caused many dealmakers to put transactions on hold. Representatives for Intel and Silver Lake didn’t immediately respond to requests for comment. Announcement • Apr 10
Lavizzo-Mourey Will Be Retiring from the Board of Directors of Intel Corporation as of May 6, 2025 Intel Corporation announced that Dr. Lavizzo-Mourey will be retiring from the Board of Directors of Intel Corporation as of May 6, 2025. New Risk • Apr 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Apr 04
Intel Corporation Announces Resignation of Ms. Christine Pambianchi as Executive Vice President and Chief People Officer, Effective April 25, 2025 On April 2, 2025, Ms. Christine Pambianchi informed Mobileye Global Inc. of her resignation from the board of directors, effective April 25, 2025 in connection with her resignation as executive vice president and chief people officer of Intel Corporation, the company's controlling shareholder. Announcement • Apr 03
Intel Corporation to Report Q1, 2025 Results on Apr 24, 2025 Intel Corporation announced that they will report Q1, 2025 results After-Market on Apr 24, 2025 
