Intel shares plunge 28‑30% after Q4 revenue forecast below expectations
Intel reported third‑quarter revenue of $16.5 billion, up 21% year over year, and data‑center revenue of $7.3 billion, up 78%. The company then guided Q4 revenue to $15‑16 billion and adjusted earnings per share to $0.25, both well under Wall Street’s roughly $17 billion and $0.43 expectations. The outlook was hurt by a 5% drop in PC revenue to $8.1 billion, a projected 12% PC market contraction in 2026 and 10% in 2027, and a $300 million revenue hit from an Israel fab shutdown.
Why it matters
The weak Q4 guidance triggered a sell‑off that erased about $140 billion of market value, according to the reports. The lower revenue outlook also reduces expected cash flow and may pressure Intel’s capital‑expenditure plans.
Key facts
- 1Q3 revenue was $16.5 billion, up 21% YoY. top1markets.com
- 2Data‑center revenue rose 78% YoY to $7.3 billion. top1markets.com
- 3PC revenue fell 5% YoY to $8.1 billion. top1markets.com
- 4Intel guided Q4 revenue to $15‑16 billion. top1markets.com
- 5Adjusted EPS guidance for Q4 is $0.25. top1markets.com
- 6The Israel fab shutdown is expected to cut Q4 revenue by about $300 million. top1markets.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.