Intel Shares Drop Following Weak Q4 Guidance and Declining PC Demand
Intel (INTC) shares fell approximately 25% following a disappointing fourth-quarter guidance report that missed analyst expectations. While third-quarter earnings exceeded estimates, the company's outlook for the upcoming quarter—projecting adjusted EPS of $0.25 on revenue between $15 billion and $16 billion—fell significantly short of LSEG estimates of $0.43 per share and $17 billion in revenue. The downturn is primarily driven by a sharp contraction in the global PC market, with shipments expected to drop 25-30% quarter-over-quarter. Analysts from major institutions including Bank of America, UBS, Goldman Sachs, and Bernstein have downgraded the stock or lowered price targets, citing concerns over inventory corrections, supply constraints in the data center segment, and a lack of clear traction with external foundry customers.
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Topics: analyst downgrade earnings report PC market slowdown revenue guidance stock price decline