Intel Has Tripled in 2026. Here's 1 Reason It Could Keep Going

Intel (INTC) has surged over 200% since the start of 2026, but some analysts see room for further gains. In a report by Motley Fool, a key idea from the company's latest earnings call was highlighted as a potential catalyst for continued growth.

The Core Idea

During the earnings call, Intel's management highlighted a strategic shift toward focusing on contract manufacturing (foundry services) and expanding its advanced semiconductor capabilities. According to the report, this move could open new markets for Intel and reduce its dependence on the volatile PC market.

Analyst's Rationale

Analysts believe that successful execution of the foundry strategy could significantly re-rate the stock. If Intel can attract major clients like Apple (AAPL) or other tech giants, revenues could rise substantially and margins could improve.

Context

Despite the sharp rally in 2026, Intel still trades at lower multiples than some of its semiconductor peers. Competitive challenges from TSMC and AMD remain, making execution of the new strategy critical.

What to Make of It

The idea from the earnings call represents a potential opportunity, but it heavily depends on Intel's ability to execute in a highly competitive market. Investors should monitor progress in the foundry business before making any decisions.