{"url":"https://newsforagent.com/news/2026-10-30/intel-stock-falls-weak-guidance","markdown_url":"https://newsforagent.com/news/2026-10-30/intel-stock-falls-weak-guidance.md","title":"Intel Stock Falls 29% After Weak Fourth-Quarter Guidance","headline":"Intel Shares Drop 28.5% as Fourth-Quarter Outlook Disappoints Despite Earnings Beat","description":"Intel shares fell 28.5% after fourth-quarter guidance of $15.0 billion to $16.0 billion disappointed investors, even.","section":"Earnings & Results","published_at":"2026-10-30T21:35:49+00:00","modified_at":"2026-10-30T21:35:49+00:00","author":"News Desk","key_takeaways":["Intel reported third-quarter non-GAAP earnings of $0.52 per share on revenue of $16.51 billion, beating analyst estimates.","Intel guided fourth-quarter revenue to $15.0 billion to $16.0 billion with non-GAAP EPS of $0.25 and a 38.0% gross margin.","CFO Dave Zinsner said 2027 capital spending will be up strongly and Intel will not generate positive cash flow that year."],"companies":[{"name":"Intel","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00002zt/intel","website":"http://www.intel.com"}],"source":{"publisher":"247wallst","title":"Jim Cramer Admits He Was Wrong About Intel as Stock Plunges 29%","url":"https://247wallst.com/investing/2026/10/30/jim-cramer-admits-he-was-wrong-about-intel-as-stock-plunges-29/"},"other_sources":[],"tags":["Earnings & Results","Intel"],"body_markdown":"[Intel](https://akta.pro/company-profiles/00002zt/intel) shares fell 28.53% to $65.80 on October 30, 2026, after the chipmaker guided fourth-quarter revenue to $15.0 billion to $16.0 billion, below what investors expected, [247wallst](https://247wallst.com/investing/2026/10/30/jim-cramer-admits-he-was-wrong-about-intel-as-stock-plunges-29/) reported. The drop came a day after Intel beat third-quarter estimates. Intel designs and manufactures semiconductor processors, AI accelerators, discrete graphics and foundry services for PC makers, data centers, hyperscalers, automotive companies and government customers.\n\n## Intel's Third-Quarter Beat and Fourth-Quarter Guidance\n\nFor the third quarter, Intel reported non-GAAP earnings of $0.52 per share, against analyst expectations of $0.3953. Revenue rose 20.9% to $16.51 billion. Data Center and AI revenue climbed 78% to $7.32 billion, and operating income in that segment rose to $3.04 billion from $964 million, according to Intel's earnings release filed with the SEC.\n\nClient Computing revenue slipped 5% to $8.10 billion. Intel Foundry revenue grew to $6.70 billion but posted a $1.85 billion operating loss. Intel guided fourth-quarter non-GAAP EPS to $0.25 and a non-GAAP gross margin of 38.0%, down from 44.1% in the third quarter. An accident at its Israel factory accounts for roughly $300 million of lost revenue and 200 basis points of margin. Management expects Client Computing revenue to fall more than 20% from the third quarter as memory costs squeeze PC demand, and it projects the PC market shrinking about 12% in 2026 and about 10% in 2027.\n\nCFO Dave Zinsner said 2027 capital spending will be \"up strongly\" and added, \"I don't think that this will be a year in which we see positive cash flow.\" Jim Cramer told CNBC viewers, \"I made a mistake here,\" adding, \"They're not ready to do the things that I thought it was.\" Cramer also said, \"The shortage is going to last for 2 or 3 years. So the idea that they're saying it's going to be a half year, I mean, are you kidding me?\"\n\n## Intel's Funding and Partnership Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Intel raised a $20 billion post-IPO equity round in August 2026. NVIDIA completed a $5 billion private placement in Intel in December 2025, acquiring 214.8 million shares at $23.28 per share and committing to co-develop PC and data center processors. The records list total funding of $55 billion and a valuation estimate of $25 billion or more.\n\n## Earlier Intel Coverage This Week\n\nOn October 29, 2026, The Verge reported that CEO Lip-Bu Tan said demand for budget Wildcat Lake chips was outstripping supply and Zinsner confirmed they were sold out. That day, CNBC reported Intel dropped about 21% after hours on weaker guidance. On October 30, 2026, Goldman Sachs cut its price target on Intel to $100 from $150 while keeping a Neutral rating, citing a strong server business but a weak PC segment, FinanzNachrichten.de reported.\n\n## Intel's 14A Customers and Nova Lake Launch\n\nIntel has no announced customers for its 14A process yet and expects \"a couple of customers ready to announce the next two quarters.\" Intel expects design wins for Nova Lake at its CES launch in January to be twice those of Panther Lake. Management expects a similar Israel factory impact in the first quarter and called its assessment early.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}