Earnings$INTC4:08 PM ET

Intel shares fall more than 22% after Q4 guidance miss, cites PC market softness

By BORSA NewsroomPublished Oct 29, 2026, 4:08 PM EDTUpdated Oct 29, 2026, 4:11 PM EDT

Intel shares dropped over 22% in after-hours trading after the company reported Q3 earnings that beat estimates but issued weak Q4 guidance. Intel cited softness in the PC market. The Q4 guidance was well below consensus on EPS, revenue, and gross margin.

Sentimentbearish 25

Bearish · 25 of 100

Impact80

high · market-wide

Confidence70%

moderate confidence · single wire

Eventdeveloping

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WHAT WE KNOW

Q3 adjusted EPS $0.52 vs est $0.41
Q3 revenue $16.51B vs est $16.54B