Intel stock falls over low 4Q forecast

Intel (INTC) shares fell 45.3% in October, the worst monthly drop since 1981, closing at $65.76. Q3 revenue rose 21% to $16.5B, but Q4 guidance was below expectations. Analysts' average price target is $117.71, suggesting 79% upside. The decline was driven by weak PC demand and supply issues, including a damaged factory in Israel. Peers like AMD and Qualcomm also saw declines.

Alphabet, Amazon, and Intel reported weaker-than-expected earnings, with shares falling 13%, 2.4%, and 28% respectively. The Nasdaq 100 dropped 2.6%. Meanwhile, Michigan automakers GM and Ford rose 14% and 5% after positive earnings and strategic announcements. The Fed held rates steady, with a 74% chance of a December hike.

Intel (INTC) shares fell 28.58% to $65.76 on October 30, 2026, after Q3 earnings showed revenue of $16.5B (+21% YoY) and EPS of $0.52, but Q4 guidance missed expectations. Analysts downgraded INTC, citing PC market weakness, manufacturing issues, and AI-related challenges. Data center revenue grew 78% YoY to $7.3B, but PC revenue declined 5% YoY to $8.1B.

US stocks fell sharply on Friday, with the Nasdaq down 2.86% and the S&P 500 down 1.82%, due to concerns over AI spending and disappointing earnings from Intel and Amazon. Intel shares dropped 28.6%, while Nvidia and AMD also declined. The broader tech sector saw its biggest monthly drop since March 2025. Despite this, 82% of S&P 500 companies have beaten earnings estimates. Crypto-related stocks fell following a $6.3B hack on Binance.

Intel's Q4 guidance missed expectations, with revenue and EPS estimates below consensus, causing a 20% stock drop. While Q3 showed growth in Data Center and AI, PC segment weakness and supply constraints impacted overall performance. Intel faces high capital expenditures and cash flow challenges. Comparatively, TSMC and SK Hynix reported strong AI-related demand and profits, while Google and other cloud giants showed revenue growth but negative free cash flow.

Intel (INTC) reduced its Q4 revenue guidance to $15–$16B, below estimates, and warned of no positive cash flow for the year. The U.S. government's stake in Intel lost ~$12.2B in value. CDS spreads widened, indicating higher debt insurance costs. Intel cited weak PC demand, plant shutdowns, and supply constraints as challenges. The company plans to scale its foundry business and reported progress in chip production. Intel also expects the PC market slump to persist into mid-2027.