Understand this story
On October 30 local time, Intel released its fourth-quarter business guidance, with revenue expected to be between $15 billion and $16 billion, below analysts' expectations of $17.07 billion; adjusted earnings per share guidance was $0.25, also below the expected $0.43. Chief Financial Officer David Zinsner said the company does not expect to achieve positive cash flow this year. Affected by this, Intel's stock price fell sharply that day; Yicai reported that the intraday decline once widened to 30%, with nearly $150 billion in market value wiped out, the largest single-day drop in its 52 years as a public company; Caixin reported a single-day plunge of 29%, the largest decline since the 1970s, which also dragged chip stocks down across the board. The earnings report released after market close the previous day showed that Intel's third-quarter revenue was $16.5 billion, up 21% year on year; revenue from the Data Center and AI segment was $7.3 billion, up 78% year on year; and client business revenue was $8.1 billion, down 5% year on year.
AI-generated from public reports
Developments
2 confirmed developments
- Source:ServeTheHome
- Source:Yicai
Reports and discussion timeline
Browse reports and discussion by time. Their evidence levels remain distinct.
Nov 2
Caixin
T Morning Brief | Intel's earnings fall short of expectations, stock price plunges; OpenAI lowers this round's funding target from $30 billion to $20 billion; Apple Intelligence integrates Alibaba's Qwen
On October 30, Intel released its third-quarter financial report. Its fourth-quarter revenue guidance of $15 billion to $16 billion was below analysts' expectation of $17.07 billion. Its stock price plunged 29% that day, the largest drop since the 1970s, and drove the Philadelphia Semiconductor Index down 7.2% in a single day. OpenAI lowered its funding target for this round from $30 billion to $20 billion, while Apple Intelligence integrated Alibaba's Qwen.
Nov 1
East Money
AI boom faces a test: US midterm elections, October nonfarm payrolls, and Apple and AMD earnings arrive next week
Next week, US stocks will see the US midterm elections, the October nonfarm payrolls report, and earnings from tech giants such as Apple and AMD, as investors reassess AI investment returns and the outlook for monetary policy. This week, the Nasdaq fell 2% cumulatively, the S&P 500 fell 0.57%, and Intel plunged nearly 29% on Friday after its guidance fell short of expectations. The market expects 55,000 new nonfarm jobs in October, with the unemployment rate holding at 4.2%.
Oct 31
Yicai
Fed Pauses Rate Hikes; Tech Stock Selloff Intensifies | Weekly Highlights Review
On October 26, Anthropic submitted its S-1 prospectus to the SEC, with market valuation expectations surging to $1.5 trillion to $2 trillion; if completed at the upper end, it would become one of the largest IPOs in history. The filing shows revenue of $16.286 billion in the first half of 2026, about 14 times the $1.163 billion in the same period last year, with second-quarter operating profit of $974 million and an operating margin of about 8%.
Caixin
Intel's earnings guidance falls short of expectations, shares plunge 29% in a single day, dragging down the U.S. tech sector for consecutive days
Affected by fourth-quarter earnings guidance falling short of expectations, Intel plunged 29% in a single day on October 30, marking its largest drop since the 1970s and leading chip stocks to fall across the board. Qualcomm, AMD, Marvell Technology, and ARM all fell about 10%, Nvidia dropped 4.22%, and the Philadelphia Semiconductor Index fell 7.2% in a single day. The three major U.S. stock indices closed lower for two consecutive days, and Google also recorded its largest drop in years.
Yicai
AI stocks sold off again: Intel plunges 28.59%, Nvidia falls 4.22%, Nasdaq drops 2.86%
On October 30, US AI concept stocks were sold off again, with the Nasdaq falling 2.86%, its worst single-day performance since June, and the Philadelphia Semiconductor Index dropping 7.20%. Intel plunged 28.59% on weak guidance, Nvidia fell 4.22%, AMD dropped 10.88%, and CoreWeave's bond yields climbed while its stock fell 37% cumulatively in October. Capital shifted toward defensive sectors such as consumer staples and healthcare, with Walmart rising 1.86%.
ServeTheHome
Intel FY2026 Q3 Earnings: Data Center Revenue Surges 78%, PC Business Pressured by Memory Price Increases
Intel reported fiscal 2026 third-quarter revenue of $16.5 billion, up 21% year-over-year, of which the Data Center and AI (DCAI) segment posted revenue of $7.3 billion, up 78% year-over-year; the CFO called this Intel's strongest data center revenue growth in 15 years. Client business (CCPG) revenue was $8.1 billion, down 5% year-over-year, which Intel attributed to rising DRAM and NAND prices driving up overall system costs, and it expects the PC slowdown to last at least through the first half of next year, with memory price pressure continuing into 2027. Intel Foundry revenue was $6.7 billion, up 58% year-over-year, but it still posted an operating loss of $1.9 billion.
TechCrunch AI
Intel shares fell about 28% in a single day, and the value of the government's stake shrank by $12 billion
Intel shares plunged about 28% on Friday, one of its worst single-day performances, after fourth-quarter guidance came in weaker than expected, shrinking the value of the government's stake by $12 billion. The company expects fourth-quarter revenue of $15 billion to $16 billion, below analysts' expectations of about $17 billion; gross margin will fall from 43% to 37%, and it expects negative free cash flow. CEO Lip-Bu Tan said customers have signaled a PC slowdown due to memory prices and supply issues, with system end prices rising noticeably during the year; data center revenue grew 78% year over year, but capacity expansion is constrained, and the next factory in Arizona is not expected to come online until 2028.
Solidot
Intel's stock price plunged 29%, wiping out more than $137 billion in market value
Intel's stock price plunged 29% on Friday, marking the chip company's largest single-day decline and wiping out more than $137 billion in market value. The continued downturn in the PC market offset its large-scale investments in AI and manufacturing capacity expansion. The company expects fourth-quarter revenue of $15-16 billion, below the analysts' average estimate of $17.07 billion. Semiconductor companies including AMD, Arm Holdings, Qualcomm, Nvidia, Broadcom, and Micron saw their stock prices fall between 2% and 10%, while server manufacturers such as Dell, HPE, and Supermicro fell between 6% and 10%.
Oct 30
Yicai
Intel plunged 30% intraday, with market value evaporating nearly $150 billion
On October 30 local time, Intel's stock price intraday decline once widened to 30%, with market value evaporating nearly $150 billion, the largest single-day drop in its 52 years since going public. The plunge began with the earnings report released after market close the previous day: its fourth-quarter revenue guidance of $15 billion to $16 billion was below analysts' expectation of $17.07 billion, and adjusted earnings per share guidance of $0.25 was also below the expected $0.43. CFO David Zinsner said the company is not expected to achieve positive cash flow this year. Fourth-quarter revenue for the PC chip business is expected to decline more than 20% quarter over quarter, and the company expects the PC market weakness to last at least until the first half of 2027; the explosion at its Israeli factory is expected to cause about $600 million in revenue losses within two quarters. That day, chip stocks such as AMD, Arm, Qualcomm and Nvidia also fell 2% to 10%.
heise online
Intel shares fall about a quarter, fourth-quarter guidance weak
Intel's third-quarter revenue was $16.5 billion, up 21% year over year, but net profit fell 18% to $3.3 billion. Fourth-quarter revenue guidance is $15 billion to $16 billion, below the third quarter, and the after-hours share price fell from $92 to below $72. The company said there are bottlenecks on the manufacturing side, including tight supply of components such as substrates, and that a marked improvement is not expected until mid-2027. Affected by high memory prices, the PC market fell about 20%, and revenue from the Client Computing and Physical AI businesses dropped from $8.5 billion to $8.1 billion. CEO Lip-Bu Tan said the Nova Lake CPU, expected to launch in spring 2027, will be strong, but the low-priced Core 300 (Wildcat Lake) is already sold out.
36Kr · AI
Intel's Q3 2026 Earnings: Data Center and AI Business Revenue Up 78% Year-over-Year
Intel announced its Q3 2026 earnings, with revenue of $16.51 billion, up 21% year-over-year, and non-GAAP net profit of $2.8 billion, up 169% year-over-year. Data Center and AI business revenue was $7.32 billion, up 78% year-over-year, with an operating margin of 41.5%, while Client Computing and Physical AI business revenue was $8.10 billion, down 5% year-over-year, affected by an industry-wide memory shortage. CFO David Zinsner indicated that Q4 non-GAAP gross margin will fall back to 38.0%, and expects overall PC shipments in 2026 to decline by about 12%.
Jiwei.com
Intel's weak fourth-quarter guidance sends shares plunging 20% after hours, blamed on PC market slowdown
Intel reported third-quarter fiscal 2026 revenue of $16.51 billion and adjusted EPS of 52 cents, but its fourth-quarter revenue guidance of only $15 billion to $16 billion and adjusted EPS of 25 cents came in far below analysts' expectations of $17.1 billion and 43 cents, sending shares down 20% after hours. Revenue at its Client Computing and Physical AI segment fell to $8.1 billion, down 5% year over year, while Data Center and AI revenue surged 78% to $7.3 billion. CFO David Zinsner said the PC market slowdown will last at least through the first half of next year, and an explosion at its Israeli fab is expected to cause about $600 million in revenue losses over two quarters.
TMTPost · AGI
Microsoft, Google, and Amazon Earnings Side by Side: The AI Infrastructure Race Reaches a Watershed
The latest earnings reports from the three cloud providers Microsoft, Google, and Amazon show cloud businesses accelerating across the board: AWS third-quarter revenue was $45.98 billion, up 39.3% year over year; Azure posted $33.165 billion for the quarter, up 48%; Google Cloud revenue was $30.71 billion, more than doubling year over year; and their backlogs reached $578 billion, $677 billion, and $561 billion, respectively. Over the same period, all three posted negative free cash flow: Amazon had a net outflow of $42.36 billion over the past 12 months, Alphabet was negative $9.07 billion, and Meta had a net outflow of $2.12 billion, while only Microsoft remained positive at $18.6 billion. Market reactions diverged; Alphabet fell 12.64% in a single day on slowing advertising growth and its swing to negative cash flow, and the article argues that the competitive bottleneck is shifting from chips to power, land, and grid-connection approvals.
Wallstreetcn
Amazon, Intel, and Alphabet earnings miss expectations, global tech stocks fall collectively
Earnings from Amazon, Intel, and Alphabet successively missed expectations, triggering a collective slump in global tech stocks. Nasdaq 100 index futures extended losses to 2%, and South Korea's KOSPI index fell 4.5% and triggered the SIDECAR mechanism to suspend program selling. Intel plunged 23% after hours, Amazon fell about 7.3% after hours, and Alphabet tumbled 13% in the previous trading session, its largest single-day drop. Market attention is focused on capital expenditures: Amazon's third-quarter spending on equipment and property exceeded $77 billion, and free cash flow over the past 12 months was negative $42.4 billion. CEO Andy Jassy said capital expenditures will increase significantly in 2027.
SiliconANGLE
Intel stock falls more than 22% after hours as Q4 guidance comes in far below expectations
Intel reported third-quarter revenue of $16.51 billion, up 21% year-over-year, and earnings per share of 52 cents, both beating Wall Street expectations. However, its fourth-quarter guidance was only about 25 cents per share on revenue of $15 billion to $16 billion, far below analysts' expectations of 43 cents and $17.1 billion, sending the stock down more than 22% after hours. Revenue from the Client Computing and Physical AI businesses fell 5% year-over-year to $8.1 billion, while revenue from the Data Center and AI segment grew 78% to $7.3 billion. CFO David Zinsner said the PC market slowdown will last at least through the first half of next year, and an explosion at a fab in Israel will also cause about $600 million in revenue losses over the next two quarters.
Wallstreetcn
Intel's Q4 guidance falls far short of expectations, shares drop over 20% after hours
Intel expects Q4 revenue of $15 billion to $16 billion, below the analysts' average estimate of $17 billion, and adjusted earnings per share of 25 cents, far below the expected 43 to 45 cents; the stock fell more than 22% at one point after hours. The company said the October explosion at its Kiryat Gat plant in Israel will reduce Q4 revenue by about $300 million and lower gross margin by about 200 basis points, and it expects the PC market weakness to last at least through the first half of 2027. Third-quarter revenue rose 21% year over year to $16.5 billion, while data center and AI business revenue rose 78% year over year to $7.3 billion.
Heat trend for this story
- Current
- 5
- Period peak
- 51 Oct 31 08:00
- 24-hour change
- -83%
Move the pointer or select the chart to inspect hourly heat. Use the left and right arrow keys with a keyboard.