Intel shares fell sharply after hours on Thursday, from a $92.07 regular-session close to about $71, following third-quarter results. Revenue rose 21% year over year to $16.5 billion and adjusted EPS of $0.52 beat guidance, but the fourth-quarter outlook of $15.0–16.0 billion in revenue and $0.25 in EPS was weaker. Data center and AI revenue jumped 78% to $7.3 billion, while PC-related revenue fell 5% to $8.1 billion. Intel expects PC segment revenue to drop over 20% next quarter as industry PC units shrink about 12% in 2026 and 10% in 2027, and an accident that shut its Fab 28 plant in Israel also weighs on results. The author judges it is not yet time to buy, given the stock trades near 33 times expected 2027 earnings and the diluted share count is expected to be about 20% above the third quarter of 2025.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Intelearningssemiconductorsartificial intelligencevaluation
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Is Intel Stock a Buy Right Now?
Intel shares are up about 150% year to date as of October 21 on its strongest revenue growth in more than 15 years, but have fallen about 36% from their June high. Revenue for the quarter ended June 27 rose 25% year over year to about $16.1 billion, with AI-related revenue up more than 70% and making up about 70% of sales. Adjusted gross margin rose to nearly 42% from about 30% a year earlier, and CFO David Zinsner targets 50% over the long term. The foundry unit still lost $2.1 billion in the second quarter, with management expecting breakeven by the end of 2027, possibly delayed to 2028. The stock trades at about 60 times this year's expected earnings and 43 times next year's, a valuation the article says can be supported by analysts' estimate of 69% annual earnings growth, ahead of the October 29 third-quarter report with revenue guidance of $15.8 billion to $16.8 billion.
- Intel Stock Still Trades at 84 Times Earnings After a 35% Drop. I'm Not Buying Yet.
JPMorgan Chase upgraded Intel to neutral from underweight on Monday, Oct. 19, citing growing agentic AI workloads and tight supplies of advanced chips, and the stock ended at $92.03, about 35% below its June 22 record close of $140.94. Intel's second-quarter revenue rose 25% year over year to $16.1 billion, and adjusted EPS of $0.42 lifted the four-quarter total to $1.09, cutting the price-to-earnings ratio to about 84 from nearly 250 at the record. Management guides third-quarter adjusted EPS to $0.38 on revenue of $15.8 billion to $16.8 billion, implying slower growth. The author says the stock is not yet a buy and would want adjusted EPS to climb back above $0.42 before reconsidering; Intel reports third-quarter results on Oct. 29.
- Could Intel be the next trillion-dollar company?
Maverick Capital reportedly expects Intel to become a trillion-dollar company again, citing growing demand for CPUs used in AI inference. One speaker argues the story is compelling, pointing to huge chip demand, Intel's domestic chip production and strong government support, and notes the stock, though pulled back, sits right on its 200-day trend line. The others say they sold Intel long ago or never owned it, preferring holdings such as Nvidia, Broadcom and AMD. They describe a five- to seven-year wait that carried a large opportunity cost.
- Should You Trim Or Add To Your Intel Position Now?
Intel (INTC) stock lost 24.9% in the month to October 21, 2026, while the S&P 500 was about unchanged, even though management said fiscal Q2 2026 was the seventh straight quarter in which Intel beat its own expectations. Data center revenue reached $6.3 billion, up 59% from a year earlier, yet the stock trades at 8.3 times twelve-month sales versus 3.1 for the S&P 500, after climbing 144% over the past year. Operating margin improved to 12.2% in fiscal Q2 2026 from an operating loss of 10.0% a year earlier, though the twelve-month margin of 7.6% remains below the S&P 500's 18.5%. Intel Foundry lost $2.1 billion at the operating level while outside customers brought in $293 million in revenue, and Intel raised its 2026 capital spending outlook to more than $20 billion after selling 210.5 million new shares at $95 each.
- Tenstorrent hits $6.2B valuation to scale open-weight AI chips
Tenstorrent, an inference-focused chip startup, raised $1.5 billion at a $6.2 billion valuation, more than double the $2.6 billion it was valued at in late 2024. The round, led by Trace Capital and Innovation X, also drew Cadence Ventures, Eclipse, Fidelity, SanDisk and T. Rowe Price. It came five months after Intel and Qualcomm reportedly showed acquisition interest at valuations of up to $5 billion, but CEO Jim Keller said the company chose to stay independent after its Galaxy servers ran DeepSeek models. The funds will scale chips for serving open-weight AI models and video generation.
- Intel Dropped 20% Over The Last Month: This Pro Analyst Says It’s Going to Gain 70% Soon
Intel (INTC) traded at $92.07, below the $117.71 average target, a 27.8% gap across analysts. The stock lost 20.58% over the past month after guiding fourth-quarter revenue to $15.0B–$16.0B, below the $16.51B just reported, and non-GAAP EPS to $0.25 from $0.52. Headlines blamed a PC slump, with 2026 PC units expected to fall about 12%, and an accident at Fab28 in Israel that will cut about $300 million from fourth-quarter revenue. The CFO said Intel will 'probably not' generate positive free cash flow in 2027. On the other side, Data Center & AI revenue rose 78% YoY to $7.32B, KeyBanc's John Vinh set a $155.00 target, and 32 of 49 analysts rate the stock Hold.
Related markets
Latest news
- Gold bar and gold ring prices today (31/10) at SJC, DOJI, Bảo Tín Mạnh Hải, PNJ...: How much is a chỉ?
Domestic gold prices were flat: SJC, DOJI, Bảo Tín Mạnh Hải and PNJ all quoted gold bars at 138.4–141.4 million VND per lượng (buy–sell), while gold rings were sold at about 13.83–14.04 million VND per chỉ. In contrast, world gold prices fell 3.5% in the 30/10 session to 3,880.97 USD/ounce, the lowest since October 2025 according to Reuters, and silver dropped 6.5% below 50 USD/ounce. The article attributes the pressure to persistent inflation concerns, US third-quarter GDP growth of 3.4%, and the possibility of a Fed rate hike in December, as well as investors possibly having to sell other assets for liquidity as tech stocks slumped. According to Kitco, late in the session, spot gold was around 3,896 USD/ounce (down 3.1%) and silver about 49.02 USD/ounce (down 5.8%).
- Minister of Home Affairs provides details on new salary policy
According to Minister of Home Affairs Nguyễn Tiến Hải, the government has issued decrees adjusting salaries, pensions and allowances under Politburo Conclusion No. 206, benefiting over 5.8 million people, with an additional 48.5 trillion VND in resources allocated for the last six months of 2026. Raising the base salary from 2.34 million to 2.53 million VND per month would require about 35,000 billion VND in the same period, while nearly 3.5 million pensioners and social insurance recipients would need about 10,773 billion VND. The allowance for commune-level civil servants will rise from 25% to 55%, covering about 163,000 people at a cost of roughly 2,800 billion VND. The Ministry of Home Affairs is working with the Central Organizing Committee on an overall salary scheme. Delegate Nguyễn Thị Yến Nhi proposed allowances for commune-level public-sector employees, who currently do not receive the public service allowance that commune civil servants get; the Ministry is studying the issue to report to the government.
- Why Merck Stock Flew Higher on Friday
Merck (MRK) shares climbed more than 2% on Friday, extending the positive reaction to its third-quarter results posted Thursday, while the S&P 500 fell a relatively steep 1.8%. Sales rose 5% to over $18 billion, driven by Keytruda, and non-GAAP net income fell 4% to nearly $6.2 billion, with both figures and its full-year 2026 guidance beating average analyst estimates. Two of the four big banks raised their price targets: Bank of America Securities to $165 from $163 and J.P. Morgan to $175 from $165, and both maintained their buy ratings. The author notes that Keytruda is approaching its patent cliff, but the pipeline offers room for another blockbuster, and the stock currently yields 2.3%.
- VietinBank leads bank sector profits in Q3
VietinBank reported third-quarter pre-tax profit of 13,688 billion VND, up 22% year on year, overtaking Vietcombank as the largest bank by profit this quarter. Net interest income, the core measure of banking operations, reached 21,815 billion VND, up 27%, while net income from services, foreign exchange and other activities all grew strongly. The bank credited the results to tighter control of capital costs, a rebalanced credit portfolio, risk management and lending to sectors prioritized by the government. However, for the first nine months, pre-tax profit of 39,557 billion VND (up 34%) still ranked second behind Vietcombank. As of September 30, total assets reached 2.95 million billion VND (up 7%), outstanding loans exceeded 2.1 million billion VND, deposits were 1.94 million billion VND, and bad debt stood at 25,781 billion VND, or 1.2% of loans, up 0.1% from the start of the year.
- Stocktwits Zero To Sixty: Rivian Raises Delivery Guidance On R2 Demand, Tesla Expands Robotaxi Fleet, And Ford Advances Low-Cost EV Plans
Rivian reported third-quarter revenue of $2.16 billion, up 38% year over year and above consensus near $1.99 billion, while its adjusted loss narrowed to $0.48 per share. The company raised its 2026 delivery outlook to 67,000–70,000 vehicles on strong demand for the R2 SUV and lowered its capital expenditure outlook to $1.4–$1.5 billion. Tesla expanded its robotaxi fleet in Texas to 1,051 authorized vehicles, with 544 Cybercabs now outnumbering 507 Model Ys. Ford said its sub-$30,000 Fathom midsize electric pickup remains on track for a late-2027 launch, while GM is preparing its Lansing plant for future hybrid versions of the Chevrolet Traverse, Buick Enclave and GMC Acadia. Over the week, RIVN rose 3%, TSLA 7%, GM 15% and F about 6%.
- S&P 500, Nasdaq End Third Straight Week Lower As Investors Move Away From Tech, AI — AMZN, INTC, LLY, RBLX In Focus
The S&P 500 fell 2%, the Nasdaq 100 dropped 3.5% and the Dow eased 1.1% on Friday as investors pulled out of tech and AI after third-quarter results missed expectations and heavy AI capex plans weighed on cash flows; the Nasdaq 100 was down about 6.5% for the month. Intel (INTC) plunged the most in over forty years after weak quarterly results and a soft outlook, while Roblox (RBLX) fell about 20% after weaker user engagement and a disappointing fourth-quarter bookings outlook. Semiconductor ETFs, including SMH, dropped between 6.5% and 8%, while Amazon (AMZN) arranged up to $80 billion in supplier financing and Eli Lilly (LLY) and AbbVie (ABBV) hit record highs after raising their 2026 outlooks. Bank of America guided investors toward mega-cap tech corporate bonds over equities and said a potential Tesla–SpaceX merger could face its biggest regulatory challenge in China. Investor attention now turns to the mid-term elections due next week.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.