09:07 AM EDT, 10/20/2025 (MT Newswires) -- Intel ( INTC ) is poised to report a Q3 beat amid a better outlook for server and a likely better-than-guided PC environment, Morgan Stanley said in an earnings preview Monday.

Ahead of the release of Intel's ( INTC ) quarterly results on Thursday, the investment bank said it now expects the company to post non-GAAP earnings per share of $0.06 on revenue of $13.22 billion, topping the consensus of non-GAAP EPS of $0.01 on revenue of $13.15 billion.

Morgan Stanley's previous forecast was non-GAAP EPS of $0.03 on revenue of $13.18 billion.

The firm added that its Q4 forecast of non-GAAP EPS of $0.14 on revenue of $13.46 billion exceeds the consensus of non-GAAP EPS of $0.08 on revenue of $13.39 billion.

Morgan Stanley raised its price target on Intel ( INTC ) to $36 from $23, with an equalweight rating.

Intel ( INTC ) shares were up over 1% in recent premarket activity.