Intel shares fell more than 28% on Friday after its fourth-quarter guidance came in well below Wall Street estimates. Third-quarter revenue rose 21% to $16.5 billion, with data center and AI sales up 78% to $7.3 billion, while client computing revenue fell 5% to $8.1 billion. Adjusted net income rose 169% to $2.8 billion and adjusted EPS climbed 126% to $0.52. For the fourth quarter, Intel forecast revenue of $15–16 billion and adjusted EPS of $0.25, versus estimates of $17.1 billion and $0.43, as CEO Lip-Bu Tan cited soaring memory chip prices straining IT budgets and an extended shutdown after a factory accident in Israel. CFO David Zinsner said the PC slowdown could continue at least through the first half of next year, while analysts worry memory chip shortages could persist for years.
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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.
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