INTC · News · 20261103N
Guidance / Outlook
INTEL CORP · 2026-11-03 · Importance 79 · Surprise 76 · No source text
Intel's fourth-quarter 2026 sales guidance was $15 billion to $16 billion, below the nearly $17 billion analysts expected. The company forecast that the PC industry slump could last through at least the first half of 2027, with PC sales expected to decline 10% in 2027 after a 12% decline in 2026. CEO Lip-Bu Tan said PC inventory adjustments had accelerated as manufacturers adapted output to weaker end-market demand.
Key facts
- Intel expects fourth-quarter sales of $15 billion to $16 billion, compared with analysts' expectation of nearly $17 billion. source
- Intel's fourth-quarter guidance range was $15 billion to $16 billion, below Wall Street's $17.1 billion estimate. source
- Intel forecast gross margin to fall to 38% in the fourth quarter from 43% in the third quarter. source
- Intel forecast fourth-quarter adjusted earnings of $0.25 per share, below analysts' expected $0.43 per share. source
- A temporary setback at Intel's Kiryat Gat factory in Israel weighed on the company's forecast. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| margin | negative | committed | -4.3% | Intel forecast gross margin to fall to 38% in the fourth quarter from 43% in the third quarter. |
| revenue | negative | committed | — | Intel's fourth-quarter guidance range was $15 billion to $16 billion, below Wall Street's $17.1 billion estimate. |
| net_income | negative | committed | — | Intel forecast fourth-quarter adjusted earnings of $0.25 per share, below analysts' expected $0.43 per share. |