Intel Seen Posting 'Strong' Q2, but Sentiment Weighs on Stock

Intel (INTC) is likely to report a “strong” second quarter when it delivers results on July 23, Wedbush analyst Matt Bryson wrote in a note. Pricing, server demand, and margins are all improving, he said.

Bryson cautioned that investor sentiment remains a wild card. The stock has lagged the broader market this year. Any earnings beat may not be enough to shift the narrative without a clear forward guide.

Intel’s data-center business has been a drag. The Wedbush note signals that the server segment may be stabilizing. The company’s consumer PC division has held up better than feared.

AlphaScala’s proprietary score for Intel stands at 34 out of 100, a Weak rating. The score reflects technical weakness and poor momentum relative to the Technology sector.

The earnings call is scheduled for after the close on July 23. Intel will lay out its full-year guidance then.