7/102 sources · 2 publishersUpdated Oct 30, 10:30 UTC
Intel forecasts sharp PC shipment declines, sending HP and Dell stocks tumbling
Intel CEO Lip‑Bu Tan said PC shipments will fall 12% in 2026 and 10% in 2027 as OEMs cut inventory. The outlook triggered a sell‑off in PC makers, with HP shares dropping about 7% and Dell about 7% in after‑hours trading. Intel’s own stock slid more than 20% after the company missed its sales and earnings targets. Retail sentiment on Stocktwits turned bearish for both HP and Dell.
Why it matters
The projected PC slowdown threatens revenue for HP and Dell, which rely heavily on PC sales. Intel’s share decline reflects broader pressure on the semiconductor sector after the weak forecast.
Key facts
- 1Intel CEO Lip‑Bu Tan projected PC shipments to decline 12% in 2026. finance.yahoo.com
- 2He also projected a 10% decline in 2027. finance.yahoo.com
- 3HP shares fell 7.4% in the overnight session after Intel’s report. finance.yahoo.com
- 4Dell shares fell 7.2% in the overnight session after Intel’s report. finance.yahoo.com
- 5Intel stock fell over 23% after missing revenue and earnings estimates. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.