INTC · News · 20261102N

Guidance / Outlook

INTEL CORP · 2026-11-02 · Importance null · Surprise null

Intel forecast fourth-quarter 2026 revenue of $15.0 billion to $16.0 billion, below analysts’ roughly $17 billion expectation, and diluted EPS attributable to Intel of $0.10. Management attributed the weaker outlook to soft PC demand, memory shortages, and production disruptions, including a shutdown at its Israel facility. A separate report said management warned that PC-market softness could continue into the first half of 2027; industry PC unit volumes were estimated to decline about 12% in 2026 and a further 10% in 2027. Intel said demand for Xeon server and AI chips remained strong.

Key facts

• A GuruFocus article reported that Intel guided fourth-quarter revenue of $15 billion to $16 billion, below Wall Street expectations of roughly $17 billion, and that management warned PC-market softness could continue into the first half of 2027. source
• Intel's Q4 revenue forecast was well below Wall Street expectations, and its shares fell about 30% in a single session. source
• Intel plunged almost 29% after issuing a weak current-quarter outlook, citing a slowdown in PCs. source