2025
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 INTC: Good start but a very long way to go. (April 25, 2025)
INTC: Handicapping Lip-Bu Tan’s impact on INTC. (March 19, 2025)
INTC: Four years into a failed turnaround. (January 31, 2025)
2024
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INTC, AVGO, NVDA: Virtually no chance of gains in AI chips with or without Gelsinger. (December 2, 2024)
INTC: Struggles will continue until at least 2026. (November 1, 2024)
INTC: Success with custom ASIC for AWS is probably a long shot. (September 17, 2024)
INTC, AVGO, AMD, NVDA, MRVL: Frankensteining an ARM/Graphcore XPU has little chance of success. (August 15, 2024)
INTC: The turnaround strategy laid out three years ago isn’t working. (August 2, 2024)
INTC: Killing off yet another fledgling AI chip. (May 17, 2024)
INTC: The details of the AI revolution suggest Intel’s share loss isn’t transitory. (April 26, 2024)
INTC: Inventory and demand problems in 1Q; underutilization problems likely in 2H24. (January 26, 2024)
2023
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INTC: Near-term driven by rebound off March bottom but long-term problems persist. (October 27, 2023)
INTC: Rebound off 1Q bottom should continue through 2023 but after that… (July 28, 2023)
INTC: Five nodes in four years in a down economy will drag on margins. (April 28, 2023)
INTC: Nothing we’ve heard suggests a turnaround is imminent. (January 27, 2023)
2022
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INTC: Results will likely deteriorate well into 2023. (October 28, 2022)
INTC: No reason to believe 3Q22 is the bottom. (July 29, 2022)
INTC: Intel needs a lot to go right to meet CY22 guidance. (April 27, 2022)
INTC: Desperate times call for lots of spending. (February 15, 2022)
INTC: Inertia buoying results but won’t last forever. (January 27, 2022)
INTC: Semi stocks warrant caution in 2022. (January 25, 2022)
2021
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INTC: Striking the hot iron, trading Mobileye for new fabs. (December 7, 2021)
INTC: Hoping to spend its way to success. (October 22, 2021)
INTC: Tale of two inertias. (July 23, 2021)
INTC: Shift to low-end PCs concerning; foundry strategy no help in short-term, dicey long-term. (April 23, 2021)
INTC: Intel’s foundry plan seems ill-conceived. (March 30, 2021)
INTC: Benefits of new foundry organization questionable while higher costs are certain. (March 24, 2021)
INTC: Change is difficult (and rare). (January 22, 2021)
2020
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INTC: Strong 1H giving way to much weaker 2H20. (October 23, 2020)
INTC: Divesting memory business aids Intel’s push into datacenter. (October 20, 2020)
INTC: The 5G iPhone mmWave dilemma. (September 8, 2020)
INTC: Record results eclipse clear signs of continued erosion in competitive position. (July 24, 2020)
INTC: Reinforced theme of strong 1H (cloud), cautious 2H (retail, auto, industrial). (April 24, 2020)
INTC: Coronavirus: Large and pervasive negative impact on demand. Downgrade to Market Perform. (February 18, 2020)
INTC: Rising tide through at least June ’20. (January 24, 2020)
2019
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INTC: Rebound in demand and tailwinds to mix bode well for 1H20. Upgrade to Buy. (October 25, 2019)
INTC: Little sign of a sustained rebound in core markets. Maintain Market Perform. (July 26, 2019)
INTC: The ripple effect of the Apple-Qualcomm settlement. Maintain Market Perform. (April 30, 2019)
INTC: Lower guidance is probably still too optimistic. Maintain Market Perform. (April 26, 2019)
INTC: Euphoria over Apple settlement may be short lived but it’s not good news for Qorvo. Maintain Market Perform. (April 17, 2019)
INTC: Handicapping the AAPL, INTC, QCOM 5G baseband debate. Maintain Market Perform. (April 8, 2019)
INTC: Is INTC dumping its modem business? (April 5, 2019)
INTC: Apple doesn't need Intel to sell a 5G phone because it already has one. (March 25, 2019)
INTC: Recovery likely slower than guidance allows. Downgrade to Market Perform. (January 25, 2019)
INTC: Big process improvements at Intel. (January 24, 2019)
2018
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INTC: Confusion reigns in the Intel monarchy. (December 13, 2018)
INTC: 5G enables handheld crouton ovens. (December 10, 2018)
INTC: Hyperscale, memory, and modem verticals strong even if industrial & auto are weak. Reiterate BUY rating. (October 26, 2018)
INTC: The cost of beating Qualcomm and facing AMD. Reiterate BUY rating. (July 26, 2018)
INTC: We don't believe Apple is developing its own cellular basebands. Reiterate BUY rating. (July 10, 2018)
INTC: Unexpected CEO departure should have little impact on results. Reiterate BUY rating. (June 21, 2018)
INTC: Little will slow growth in 2018 but more delays in tick-tock cycle raise flags. Reiterate BUY rating. (April 27, 2018)
INTC: More contributors, fewer drags on revenue and cash flow in 2018. Reiterate BUY rating. (January 29, 2018)
2017
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INTC: Likely scenarios for Broadcom’s acquisition of Qualcomm. Reiterate BUY rating. (November 05, 2017)
INTC: Qualcomm probably out of Apple at some point in the next two years. Reiterate BUY rating. (November 01, 2017)
INTC: Economy fueling PC demand while we wait for Purley. Reiterate BUY rating. (October 27, 2017)
INTC: 2H17 looks better than 1H17, 2018 better than 2017. Reiterate BUY rating. (July 28, 2017)
INTC: Several big product cycles point to a strong second half. Reiterate BUY rating. (April 28, 2017)
INTC: Intel’s new LTE modem could be big trouble for QCOM. Reiterate BUY rating. (February 23, 2017)
INTC: 2017 shaping up to outperform expectations and guidance. Reiterate BUY rating. (January 27, 2017)
2016
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INTC: Headwinds to growth and margins should moderate further in 2017. Upgrade to BUY. (October 19, 2016)
INTC: Upside back-to-school PC sales temporarily boosting results and stock near-term. Maintain Market Perform. (September 22, 2016)
INTC: 2H16 holds the possibility of better demand but the certainty of higher costs. Maintain Market Perform. (July 21, 2016)
INTC: Canceling tablet connectivity won’t impact Qualcomm. Maintain Market Perform. (May 4, 2016)
INTC: Expect little or no growth in 2016. Maintain Market Perform. (April 20, 2016)
INTC: Intel’s modem in Apple’s iPhone 7 or maybe not. Maintain Market Perform. (March 3, 2016)
INTC: Chinese economy and slowing growth in DCG suggest weak 1Q16. Maintain Market Perform. (January 15, 2016)
2015
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INTC: Relationship with Apple is probably larger than just a baseband for iPhone 7. Maintain Market Perform. (November 17, 2015)
INTC: Economy will weigh on results near-term, but modem win at Apple likely in 2016. Maintain Market Perform. (October 14, 2015)
INTC: Look who’s Tocking: Weak PC demand and higher expense for 10nm stretch the cycle. Maintain Market Perform. (July 16, 2015)
INTC: ALTR: Delivering value will be a long haul. Maintain Market Perform (June 2, 2015)
INTC: Don’t expect a rebound until late 2015. Maintain Market Perform (April 15, 2015)
INTC: Weak upgrade from XP slowing demand, bleeding inventory. Maintain Market Perform (March 12, 2015)
INTC: Seasonality, start-up and tablet costs obscure earnings growth near-term. Downgrade to Market Perform (January 15, 2015)
2014
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INTC: Intel's adjusted guidance will not change our outlook for 2015. Takaways from Intel's Analyst Day. Reiterate BUY rating. (November 21, 2014)
INTC: December should be strong; 2015 looks even better. Reiterate BUY rating. (October 15, 2014)
INTC: PC demand driving near-term upside. We believe basebands wins will boost out-periods. Upgrade to BUY. (June 14, 2014)
INTC: Results of the big bet on mobile and foundry should show up by 4Q14. Maintain Market Perform. (April 16, 2014) INTC: Preview Report. Maintain Market Perform. (April 11, 2014) INTC: There’s little to be excited about near-term. Maintain Market Perform. (January 16, 2014) INTC: Preview: The market may be too excited about INTC. Maintain Market Perform. (January 14, 2014)
2013
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INTC: The road to resurgence starts with acknowledging the need to adapt. Maintain Market Perform. (November 21, 2013) INTC: A silver bullet for growth has yet to emerge. Maintain Market Perform. (October 15, 2013) INTC: Preview: Anemic sales will likely limit INTC near-term. Maintain Market Perform. (October 14, 2013) INTC: Gathering the wireless “A” teams to rival Qualcomm. Maintain Market Perform. (August 15, 2013) INTC: Intel becomes more cautious on ’13. Maintain Market Perform. (July 17, 2013) INTC: Preview: Don't expect a silver bullet on June's report. Maintain Market Perform. (July 15, 2013) INTC: CapEx plans are probably too optimistic for ’13. Maintain Market Perform. (April 16, 2013) INTC: Preview: Cautious on INTC pending better visibility into new products. Maintain Market Perform. (April 15, 2013) INTC: Intel will grow commensurate with global GDP in ’13. Maintain Market Perform. (January 17, 2013) INTC: Preview: Without help from the economy, mobile remains the focal point. Maintain Market Perform. (January 16, 2013) INTC: Changes looming in baseband. MMI, Sanjay Jha. Maintain Market Perform. (January 10, 2013)
2012
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INTC: Economy will be the biggest headwind near-term. Maintain Market Perform. (October 16, 2012) INTC: Preview: Global slowdown will overshadow any strength near-term. Maintain Market Perform. (October 15, 2012) INTC: Expect worse before better. Maintain Market Perform. (September 7, 2012) INTC: Global slowdown likely to spread beyond PCs. Maintain Market Perform. (July 17, 2012) INTC: Preview: Enduring another summertime slowdown. Maintain Market Perform. (July 16, 2012) INTC: Cost structure is unparalleled, but all eyes are on new product results. Maintain Market Perform. (May 15, 2012) INTC: Spending now to ARM for future battles. A 2H12 Story. Maintain Market Perform. (April 17, 2012) INTC: Preview: Laying the ground work to sustain process leadership. Maintain Market Perform. (April 16, 2012) INTC: Fueling growth will require OPEX to outstrip revenue near-term. Maintain Market Perform. (January 20, 2012) INTC: Preview: Must find its rhythm in Mobile before earning a higher multiple. Maintain Market Perform. (January 18, 2012)
2011
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INTC: Thailand floods hurt near-term, economy worries us long-term. Downgrade to Market Perform. (December 12, 2011) INTC: Larger trends favor out-performance even with weakness in the West. Upgrade to Buy. (October 19, 2011) INTC: Preview: Expect solid results, again, but markets remain focused on mobile device strategy. Maintain Market Perform. (October 17, 2011) INTC: Continued excellent performance largely captured in expectations. Maintain Market Perform. (July 21, 2011) INTC: Preview: Strong core product demand, but higher CapEx will keep GMs flat in 2Q11. Maintain Market Perform. (July 19, 2011) INTC: Robust demand tempered by higher start-up costs near-term. Maintain Market Perform. (April 20, 2011) INTC: Preview: Higher costs, lower growth in 1H11. Maintain Market Perform. (April 15, 2011) INTC: $0.10 miss on chip problems and Infineon. Maintain Market Perform. (February 1, 2011) INTC: CAPEX up sharply with demand. Maintain Market Perform. (January 13, 2011) INTC: Preview: Soft consumer demand on muted economic recovery limits upside near-term. Maintain Market Perform. (January 11, 2011)
2010
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INTC: Demand below normal seasonality, but inventory in check so far. Maintain Market Perform. (October 12, 2010) INTC: Preview: Focus on PC demand and inventory. Maintain Market Perform. (October 11, 2010) INTC: IDF strategic focus won't offset near-term concerns about PCs. Maintain Market Perform. (September 15, 2010) INTC: Preannouncement points to difficult 2H10. Downgrade to Market Perform. (August 27, 2010) INTC: Superb fundamentals will battle negative sentiment post-call. Maintain BUY rating. (July 13, 2010) INTC: Preview: Expect strong results to be trumped by larger economic concerns. Maintain BUY rating. (July 12, 2010) INTC: Reasserting its growth prospects. Maintain BUY rating. (May 13, 2010) INTC: Strong demand for several quarters will continue to lead to record margins. Maintain BUY rating. (April 13, 2010) INTC: Preview: Cyclical concerns are still too soon. Maintain BUY rating. (April 8, 2010) INTC: Record quarter with more to come as enterprise recovers. (January 14, 2010) INTC: Preview: Pushing into Mobile to grab greater share of BoM. (January 12, 2010)
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