Intel beats Q3 earnings but warns of weaker Q4, shares tumble over 20%
+144 new sources since this summary was written
Intel reported third‑quarter 2026 revenue of $16.5 billion, up 21% year‑over‑year, and non‑GAAP earnings of $0.60 per share. The company forecast fourth‑quarter revenue of $15 billion‑$16 billion and GAAP EPS of $0.10, below analysts’ expectations. Management cited a prolonged PC market slowdown and a factory explosion in Israel as headwinds. The outlook triggered a post‑hours sell‑off of more than 20% in Intel’s stock.
Why it matters
The earnings beat was outweighed by the guidance miss, prompting the stock to drop over 20% according to the company’s earnings release. The weaker outlook also signals tighter revenue growth and margin pressure for investors in the coming quarters.
Key facts
- 1Q3 2026 revenue was $16.5 billion, up 21% YoY. intc.com
- 2Q3 non‑GAAP EPS was $0.60 per share; GAAP EPS was $0.52 per share. intc.com
- 3Q4 2026 revenue guidance is $15.0 billion‑$16.0 billion. intc.com
- 4Q4 2026 GAAP EPS guidance is $0.10 per share. intc.com
- 5Intel’s shares fell more than 20% after the earnings release. finance.yahoo.com
- 6Q4 revenue forecast of $15 billion‑$16 billion missed the $17.07 billion consensus estimate. investing.com
Open questions
- Material 17 cites a $300 million revenue impact from the Israel fab explosion, while material 18 cites a $600 million impact.
Summary written by AlphAI AI Desk from 20 of 81 sources. Not investment advice. Figures are as stated by the linked sources.