Robbins Geller Files Intel Class Action After Client Revenue Falls 9% to $8.1 Billion

Robbins Geller Rudman & Dowd LLP filed a securities class action against Intel Corporation and some of its top executive officers, alleging violations of the Securities Exchange Act of 1934 over statements made between July 23, 2026 and October 29, 2026. The firm announced the suit in a GlobeNewswire release dated November 13, 2026.

Robbins Geller's Intel Complaint and Class Period

The case is captioned City of Southfield Fire and Police Retirement System v. Intel Corporation, No. 26-cv-13758, in the U.S. District Court for the Northern District of California. The complaint alleges Intel failed to disclose that a slowdown in PC end-market sales was hitting its Client Computing and Physical AI Group harder than stated, that OEM and distribution partners held a glut of unsold PC inventory, and that substrate supply constraints limited any production ramp for data center CPUs. Intel reported third-quarter 2026 client revenue of $8.1 billion, down 9%, or about $800 million, sequentially, and guided fourth-quarter total revenue to $15 billion to $16 billion. The stock fell nearly 30% on the news. "A lead plaintiff acts on behalf of all other class members in directing the Intel class action lawsuit," the firm said. Intel designs and manufactures CPUs and other microprocessors.

Other Robbins Geller Investor Alerts

Robbins Geller has issued parallel lead-plaintiff alerts in other securities cases. Aktien reported that Honeywell Aerospace investors who bought stock between June 29 and September 1, 2026 have until November 23, 2026 to seek lead plaintiff status in a suit alleging false statements about supplier impacts and a False Claims Act investigation. PRESSBEE reported that purchasers of Coastal Financial Corporation stock between October 28, 2024 and July 29, 2026 may seek to lead a class action, with a December 1, 2026 deadline.

Robbins Geller's Recovery Record

According to akta.pro company records, Robbins Geller recovered $916 million for investors in 2025, ranking first on the ISS Securities Class Action Services Top 50 Report for the fourth time in five years. The same records show $8.4 billion recovered over five years, from 2021 to 2025, and a $7.2 billion recovery in In re Enron Corp. Securities Litigation, the largest securities class action recovery on record. The firm was founded in 2004 and is headquartered in San Diego.

Earlier Robbins Geller Filings

Robbins Geller announced in September 2026 that investors who bought UWM Holdings securities between March 9 and August 5, 2026 had until October 13, 2026 to seek lead plaintiff status in a securities fraud class action, PR Newswire reported. Gurufocus reported that a class action against Dentsply Sirona Inc. and its executives was certified in the Southern District of New York, covering purchasers between June 9, 2021 and November 13, 2022. Gurufocus also reported that purchasers of Pentair shares between March 11, 2025 and July 14, 2026 had until October 2, 2026 to seek lead-plaintiff appointment.

Intel's Lead Plaintiff Deadline

Investors who bought Intel common stock during the class period have until January 12, 2027 to seek appointment as lead plaintiff in the Intel class action.