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via finance.yahoo.comBusiness & Companies

Intel shares plunge about 29% after weak fourth-quarter guidance

FROM THE WIRE · FINANCE.YAHOO.COM

What happened? Shares of computer processor maker Intel (NASDAQ:INTC) fell 28.9% in the morning session after the company issued a downbeat fourth-quarter profit outlook and warned of persistent weakness in the personal computer market. According to a company press release…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishGuidance below expectations from a major chipmaker weighs on the broader semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Intel shares fell 28.9% in the morning session after a downbeat fourth-quarter outlook.
  2. 02Intel reported Q3 2026 revenue of $16.51 billion, up 20.9% year on year, with non-GAAP EPS of $0.52.
  3. 03Q4 guidance of $15.0-16.0 billion revenue and $0.25 EPS trailed analyst expectations.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Intel Corp.INTCStock65.76 USDMarket closedtoday -28.58%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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