Intel reported better-than-expected earnings for Q3, driven by strong revenue growth in its data center and foundry units. However, its consumer business declined and foundry losses remain high. The company issued weak guidance for Q4, forecasting a $1 billion revenue drop and earnings per share halving from Q3, missing analyst expectations significantly. This led to a sharp 20% drop in Intel's shares, raising concerns about its high valuation amid slowing growth and ongoing losses.
Intel's shares on Pluang have dropped 23.91% as of Oct 30, 2026 05:21 WIB, reflecting significant market reaction to its weak guidance. The stock price stands at USD 72.69, well below its 52-week high of USD 140.94. Trading volume remains active with over 81 million shares exchanged, while the platform shows a 60% buy order activity, indicating some investor interest despite the decline.
Intel reported Q3 revenue of $16.5 billion and adjusted EPS of $0.52, beating expectations on top-line but showing an 18% drop in GAAP net income year-over-year due to profit pressures. Growth in data center and foundry segments was offset by weaknes...
Intel reported better-than-expected earnings for Q3 with a 21% revenue increase to $16.51 billion, driven by strong data center and AI growth. However, the company issued a weak Q4 forecast due to ongoing softness in the global PC market, expecting r...
Intel shares dropped 4% ahead of its Q3 2026 earnings report, pressured by a setback in its foundry business and weak Big Tech results. Terafab's talks with Taiwan Semiconductor undermine Intel's foundry ambitions, which still operates at a loss desp...
Intel's stock fell 24% over the past month, dropping below $100 after a strong rally earlier in 2026. Despite a 154% gain year-to-date, concerns about AI spending and losses in its foundry business weighed on the stock. Intel's recent $2.3 billion ac...
Intel announced it will acquire Israeli quantum computing software firm Classiq for about $2.3 billion, aiming to combine Classiq's software with Intel's hardware expertise to build a comprehensive quantum computing business. This move supports Intel...
