Intel (INTC) is discussed with a focus on its upcoming quarterly financial results on October 23, 2025. Previously, Intel reported second-quarter revenue of $12.9 billion flat year-over-year, and forecasted revenue between $12.6 and $13.6 billion. There has been significant investment in the foundry segment, with recent deals with the US government and Nvidia, suggesting potential future benefits. However, the current CEO is seeking financial discipline, a contrast to aggressive spending by the previous CEO, resulting in a free cash flow deficit. The current intrinsic value of the stock is calculated at $26.46 per share, far below the market price of $38.18, resulting in the stock looking stretched. The recommendation for Intel, is no, do not buy the stock ahead of the earnings release. After the figures are out, investors can consider demand and update from management.