Intel Shares Fall 25.4% After Weak Q4 Guidance
Intel forecast fourth-quarter adjusted EPS of 25 cents versus the 43-cent analyst estimate, and revenue of $15 billion to $16 billion versus $17.05 billion expected. Shares fell 25.4% to $68.68 in premarket trading.
Intel Corp. (NASDAQ: INTC ) on Thursday posted upbeat third-quarter fiscal 2026 results but issued fourth-quarter guidance well-below estimates. Intel reported quarterly earnings of 52 cents per share, which beat the consensus estimate of 40 cents by 30%, per Pro data. Quarterly revenue came in at $16.51 billion, which beat the Street estimate of $16.47 billion.
The company expects fourth quarter adjusted EPS of 25 cents, versus the 43 cent analyst estimate, and revenue in a range of $15 billion to $16 billion, versus the $17.05 billion estimate. "Our Q3 results demonstrate improving execution, meaningful progress expanding supply and continued advancement of our process technology," said Lip-Bu Tan, Intel CEO. Intel shares dipped 25.4% to $68.68 in pre-market trading These analysts made changes to their price targets on Intel following earnings announcement. B of A Securities analyst Vivek Arya downgraded the stock from Buy to Neutral and cut the price target from $145 to $100.
Roth Capital analyst Suji Desilva downgraded the stock from Buy to Neutral and slashed the price target from $120 to $70. Considering buying INTC stock? Here’s what analysts think: Photo via Shutterstock