INTC · News · 20261102N

Quarterly Results and Outlook

INTEL CORP · 2026-11-02 · Importance 56 · Surprise 42 · In source text

Intel reported third-quarter 2026 sales of US$16.513 billion and net income of US$3.320 billion. For the fourth quarter, Intel forecast revenue of US$15.0 billion to US$16.0 billion and diluted EPS attributable to Intel of US$0.10. Management attributed the weaker outlook to soft PC demand, memory shortages, and production disruptions, including a shutdown at its Israel facility, while Xeon server and AI chip demand remained strong.

Key facts

• Intel reported better-than-anticipated Q3 earnings and provided Q4 revenue estimates of $15 billion to $16 billion, below analysts' projections of $17 billion; its stock fell nearly 29%, and the company attributed the outlook to a worse-than-anticipated decline in the PC market. source
• Intel reported Q3 2026 sales of US$16,513 million and net income of US$3,320 million, and issued Q4 guidance of US$15.0 billion to US$16.0 billion in revenue and US$0.10 diluted EPS attributable to Intel. source
• SueWallSt announced an investigation into potential securities law violations involving Intel after its third-quarter 2026 report forecast fourth-quarter revenue below Wall Street consensus, followed by a significant stock sell-off, analyst downgrades, and price-target cuts. source
• Intel was the worst-performing stock in the Philadelphia Semiconductor Index selloff, sinking the most in over four decades. source
• A Yahoo Finance video transcript said Intel had a 30% drawdown in a single day last Friday, described as its biggest drawdown in history. source
• Intel shares slid about 9% on Monday after falling nearly 29% on Oct. 30 following a disappointing forecast; a Monday close below about $60.12 left Intel worth less than half its value at September's end. source

Impact estimates