Intel Shares Fall Following Weak Guidance Amid PC Market Headwinds

Intel reported third-quarter revenue of $16.513 billion, a 21% year-over-year increase that slightly exceeded consensus estimates. Non-GAAP earnings per share also beat expectations at 52 cents compared to the projected 40 cents. Despite these beats and strong growth in the Data Center and AI (DCAI) segment, Intel's stock fell in after-hours trading due to cautious guidance driven by persistent weakness in the consumer PC market. The company faces a supply shortage in memory components as data center demand for high-bandwidth memory competes with consumer electronics for manufacturing capacity. While Intel is seeing significant long-term potential from agentic AI workloads and foundry improvements, analysts expect downward earnings revisions through 2027 due to the ongoing inventory flush and PC market stagnation.

By Zev Fima · CNBC · October 30, 2026, 01:06 UTC

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Topics: data center demand earnings report EPS beat market guidance PC market weakness revenue growth

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