Intel (INTC) shares fell more than 28% the day after the company reported third-quarter results on October 29, 2026, as weak guidance reflected a struggling PC business. Revenue rose 21% year over year to $16.5 billion and non-GAAP EPS reached $0.52, ahead of the $0.40 analysts expected. However, Intel guided to $15-$16 billion in revenue and $0.25 in adjusted EPS, below expectations of $0.43 on $17.1 billion. Its client computing and physical AI segment fell 5% to $8.1 billion, while its data center and AI segment rose 78% to $7.3 billion on demand for server CPUs and custom AI processors. The author argues the decline is only a pause, citing IDC's expectation that the PC market will start growing again from 2028.
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Intelsemiconductorsearningsartificial intelligence
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Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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