Intel Stock Plunges 21% After Weak Forecast
Intel shares fell about 21% in after-hours trading Thursday after the chipmaker forecast fourth-quarter revenue of $15 billion to $16 billion, below the roughly $17.1 billion analysts expected (LSEG), and adjusted earnings of 25 cents a share versus about 43 cents expected. Third-quarter revenue rose 21% to $16.51 billion and adjusted earnings of 52 cents beat estimates. Reuters reported the deadly October explosion at Intel’s Kiryat Gat, Israel, plant will cut about $300 million from fourth-quarter revenue, and CFO David Zinsner said the PC slowdown will last at least through the first half of next year. Not investment advice.
What’s confirmed
- Intel shares fell about 21% in after-hours trading Thursday after the chipmaker forecast fourth-quarter revenue of $15 billion to $16 billion, below the roughly $17.1 billion analysts expected (LSEG), and adjusted earnings of 25 cents a share versus about 43 cents expected.
- Third-quarter revenue rose 21% to $16.51 billion and adjusted earnings of 52 cents beat estimates.
- Reuters reported the deadly October explosion at Intel’s Kiryat Gat, Israel, plant will cut about $300 million from fourth-quarter revenue, and CFO David Zinsner said the PC slowdown will last at least through the first half of next year.
- Not investment advice.
Confirmed by 3 independent outlets: Reuters, CNBC and Nikkei Asia.
What would move the score
- Now: 97% with 3 independent confirmations plus the primary source.
- Up: more independent outlets or primary records confirming the core claim.
- Down: a counted source correcting or walking back its report, or new evidence that weakens the claim.
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Confirmation record
Plus the primary source: Intel’s Q3 2026 earnings release.| ✓ | Reuters Counted https://www.streetinsider.com/Reuters/Intel+signals+slower+growth+as+PC+market+remains+under+pressure/27257618.html |
| ✓ | CNBC Counted https://www.cnbc.com/2026/10/29/intel-intc-q3-earnings-report-2026-.html |
| ✓ | Nikkei Asia Counted https://asia.nikkei.com/business/tech/semiconductors/intel-shares-sink-more-than-20-as-pc-slowdown-stretches-into-2027 |
| · | Primary source Plus the primary source: Intel’s Q3 2026 earnings release. https://www.intc.com/news-events/press-releases/detail/1786/intel-reports-third-quarter-2026-financial-results |
Updated / Corrected log
- Published at 97% with 3 independent confirmations.
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