INTC Stock Gains As Tesla Plans To Use 14A Chips In Terafab Project; Earnings Due Thursday

• Intel is scheduled to report its Q1 earnings after-hours on Thursday.
• Tesla CEO Elon Musk in his Q1 earnings call mentioned plans to use Intel’s 14A process in his Terafab project.
• HSBC upgraded INTC to ‘Buy’ from ‘Hold’ with a price target of $95, up from $50.

Intel (INTC) share price jumped 3% aftermarket after Tesla CEO Elon Musk announced his plan to use the company’s 14A semiconductor node process for his Terafab project, while Wall Street looks forward to Intel’s earnings. 

Intel is scheduled to report its Q1’26 earnings after market hours on Thursday where analysts expect earnings per share (EPS) of $0.02 per share, down from $0.13 in the same quarter last year. Revenue is expected at $12.4 billion, down from the $12.6 billion reported in Q1’25. 

Most investors will be looking forward to forward-looking commentary from Intel’s management related to supply chain disruptions, their chip manufacturing numbers, and their Foundry business. 

Tesla CEO Elon Musk, during Tesla’s Q1 earnings call on Wednesday, mentioned his plans to deploy Intel’s 14A process for Terafab project. 

“We plan to use Intel's 14A process, which is state-of-the-art and, in fact, not yet totally complete. Given that by the time Terafab scales up, 14A will probably be fairly mature or ready for prime time, 14A seems like the right move,” Musk said at Tesla’s conference call. 

What Is Intel’s 14A Process?

Intel's 14A is their next-generation blueprint for making super-tiny semiconductor chips, roughly equivalent to a 1.4-nanometer size. It is designed to be 15-20% more efficient than the 18A process coming before it.

The 14A process is expected to be launched in 2028-29 and will rely on High-NA EUV machines, generally manufactured by ASML. As of April 2026, INTC has bought the entire initial supply of ASML’s first-generation High-NA machines. 

INTC Analyst Earnings Outlook 

HSBC upgraded INTC to ‘Buy’ on April 22, from ‘Hold,’ with a price target of $95, up from $50. “While foundry deals have driven a 60% rally in the shares, Intel's "significant" server processor momentum is not priced into the stock,” HSBC wrote in a research note. 

BNP Paribas also upgraded Intel, but to ‘Neutral’ from ‘Underperform’ with a $60 price target.

Analysts expect INTC’s EPS to widen to $0.08 in Q2, $0.18 in Q3 and $0.24 in Q4’26, according to data from Fiscal.ai. 

Retail View

Sentiment on Stocktwits was ‘bullish’ with ‘high’ message volumes. 

One Stocktwits user mentioned INTC stock being grossly undervalued. 

Another user highlighted the record demand for chips.

The stock gained 77% year-to-date. 

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