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Intel shares plunge following weak Q4 guidance and PC market slump
Intel shares fell significantly in after-hours trading, dropping between 15% and 25%, following the company’s third-quarter 2026 earnings report. While the company reported Q3 revenue of $16.5 billion, a 21% increase year-over-year, and a non-GAAP adjusted earnings per share of $0.52, investors reacted negatively to disappointing fourth-quarter guidance.
Intel projected Q4 revenue between $15 billion and $16 billion, falling short of market expectations of approximately $17 billion. The company also forecasted a non-GAAP adjusted EPS of $0.25, well below the $0.43 to $0.44 anticipated by analysts.
Several factors contributed to the cautious outlook. A slowdown in the personal computer (PC) market, exacerbated by rising memory chip prices, is expected to persist through at least the first half of 2027. Additionally, an explosion at an Intel factory in Kiryat Gat, Israel, caused a production halt of approximately two weeks, which is estimated to reduce Q4 revenue by about $300 million.
Despite these headwinds, Intel saw strong performance in its Data Center and AI division, which reported a 78% revenue increase to $7.3 billion. The foundry business also grew 58% year-over-year, reaching $6.7 billion, although it continues to operate at a loss.
Entities
David Zinsner · Intel · Intel Corporation · Israel · Kiryat Gat · Lip-Bu Tan · Nasdaq · Wall Street
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 25 SOURCES] Intel Q3 2026 revenue was $16.51 billion. stockstory.org · www.mononews.gr · blockchainseoul.kr · newsbit.nl · www.blockmedia.co.kr · +17 more
- [● 22 SOURCES] Intel Q3 2026 revenue grew 21% year-over-year. stockstory.org · www.mononews.gr · blockchainseoul.kr · newsbit.nl · www.blockmedia.co.kr · +15 more
- [● 16 SOURCES] Intel adjusted EPS for Q3 was $0.52. stockstory.org · www.mononews.gr · blockchainseoul.kr · newsbit.nl · www.blockmedia.co.kr · +10 more
- [● 13 SOURCES] Data Center and AI revenue increased 78% to $7.3 billion. www.mononews.gr · blockchainseoul.kr · newsbit.nl · www.blockmedia.co.kr · diario.mx · +8 more
- [● 25 SOURCES] Intel Q4 2026 revenue guidance is $15 billion to $16 billion. stockstory.org · blockchainseoul.kr · newsbit.nl · www.blockmedia.co.kr · www.mononews.gr · +17 more
- [● 14 SOURCES] Client Computing and Physical AI revenue decreased 5% to $8.1 billion. www.mononews.gr · blockchainseoul.kr · newsbit.nl · www.blockmedia.co.kr · diario.mx · +9 more
- [● 22 SOURCES] Intel Q4 2026 adjusted EPS guidance is $0.25. stockstory.org · blockchainseoul.kr · newsbit.nl · www.blockmedia.co.kr · www.mononews.gr · +14 more
- [● 3 SOURCES] Intel adjusted operating income for Q3 was $3.23 billion. stockstory.org · news.mydrivers.com · blockchainseoul.kr