Intel Stock Crashes 23% Overnight and Gets Jim Cramer 'Furious': 'I Am Actually Disappointed'
Intel (INTC) stock dropped 23% in after-hours trading on Thursday after its fourth-quarter guidance disappointed investors. The company reported Q3 earnings of 52 cents per share, beating estimates, with revenue at $16.51 billion. However, its Q4 guidance fell short, with adjusted EPS expected at 25 cents and revenue between $15B-$16B. Analysts cited PC demand, production issues, and competition as factors. CNBC's Jim Cramer expressed frustration with the results.
How this was made
The 30-second read
Why it matters
The guidance miss is the primary catalyst for the price move; analyst commentary reinforces the negative sentiment.
Market read
Intel's guidance shortfall is a material event for the chip sector and could trigger broader tech sell‑offs.
What to watch
Short‑term demand softness could be offset by upcoming Xeon orders and AI‑related server demand.
Background
Intel reported Q3 earnings beat but issued a disappointing Q4 outlook, prompting a 23% after‑hours plunge and strong commentary from analysts and media personalities.
Ticker impact
Intel disclosed a weak Q4 outlook (adjusted EPS 25¢ vs 43¢ estimate) causing a 23% after‑hours drop.
likely further decline as investors reassess revenue outlook
The guidance shortfall is material for a large‑cap chipmaker and triggered a sharp sell‑off; no mitigating catalyst is mentioned.
Market effects
May weigh on broader PC and server chip sector, pressuring peers like AMD and Nvidia.
U.S. tech stocks could see broader pullback in after‑hours trading.
Potential ripple to global semiconductor supply chain expectations.
Counterpoint
If Intel can resolve substrate and yield issues, the stock may be oversold after the sharp drop.
Key entities
- companyIntel Corp.
U.S. semiconductor manufacturer reporting weak Q4 guidance.
- personJim Cramer
CNBC host expressing disappointment, adding media pressure.
