Should You Buy Intel Stock as Its Foundry Turnaround Takes Shape?

Intel’s stock run has been dramatic: shares are up more than 220% in 2026, driven by demand for its CPUs and rising optimism around its foundry business. For the latest quarter, Intel reported revenue up 25% year over year to more than $16 billion, while gross margin climbed to 40.4% from 27.5%. Intel Foundry generated nearly $6 billion in the quarter and output ran 25% above target, though the segment still posted a $2.1 billion loss. External foundry revenue was $293 million, underscoring the need to win more outside customers. A key milestone is Intel 14A, with risk production planned for 2027 and mass production targeted for 2028, to challenge Taiwan Semiconductor.