Intel stock rises 1.58 percent as CEO reaffirms Terafab role

Published on 10/07/2026 at 16:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Intel stock rose 1.58 percent to USD 114.28 on October 7, 2026, as CEO Lip-Bu Tan reaffirmed the Terafab role. Q2 revenue rose 25.2 percent.

Architectural exterior of a modern semiconductor fabrication facility at dusk, massive blue glass curtain wall with horizontal light bands, industrial HVAC stacks on roof, landscaped entry road — Intel Corporation US4581401001 modernes Halbleiterwerk mit großen blauen Glasfassaden und horizontalen Reinraum-Lichtbändern, Illustration mit AI erstellt.

Intel (ISIN US4581401001) was trading at USD 114.28 on Nasdaq on October 7, 2026 at 10:45 a.m. ET, up 1.58 percent from the previous close of USD 112.50. The move followed confirmation that Intel will remain involved in Elon Musk's Terafab chip project, a development Reuters reported on October 7, 2026.

CEO reaffirms the Terafab role

CEO Lip-Bu Tan told Bloomberg that Intel would continue working with Terafab ahead of an event in Tokyo, according to Reuters. The statement addresses concerns that discussions between Musk and Taiwan Semiconductor Manufacturing could weaken Intel's position in the planned Texas project.

Intel joined Terafab as a development partner in April. The project is therefore a strategic test for Intel Foundry, although the October 7 report did not disclose a contract value, production volume or delivery timetable.

Q2 growth meets a difficult profit picture

Intel reported USD 16.13 billion of revenue for Q2 2026, up 25.2 percent from the year-earlier period, while adjusted EPS reached USD 0.42 versus USD 0.21 expected, according to MarketBeat. The comparison shows why the Terafab role matters: Intel is expanding sales while investors continue to judge whether its foundry strategy can convert demand into durable profits.

For the third quarter, Intel's investor-relations release scheduled results for October 29, 2026, after the market close, with a conference call at 2:00 p.m. PDT, according to Intel on October 6, 2026.

Consensus remains below the quote

MarketBeat reported a Hold consensus from 50 analysts, including one Strong Buy, 20 Buy, 26 Hold and three Sell ratings. The average target of USD 109.06 leaves the price 4.6 percent below the consensus target calculation based on the October 7 quote.

The same report said Mizuho raised its Intel target from USD 92.00 to USD 114.00 on October 6, 2026 while keeping a Neutral rating. That target is 0.2 percent below the October 7 intraday price, leaving Terafab execution and the upcoming Q3 report as the next measurable tests.

Intel stock trades above USD 114

Intel stock was trading at USD 114.28 on Nasdaq on October 7, 2026 at 10:45 a.m. ET, with a session range of USD 111.15 to USD 115.29 and a 52-week range of USD 32.89 to USD 142.35. Market capitalization stood at USD 576.4 billion and volume reached 38,473,132 shares at that time.