One-sentence summary
Intel's Q3 2026 revenue reached $16.5B, up 21% YoY, but its Q4 revenue guidance of $15-16B fell well short of Wall Street expectations; combined with an Israel plant incident, the stock closed down over 28% on October 30.
Event Overview
- Time: Reported after US close on October 29, 2026; stock gyrated on October 30.
- Company: Intel (INTC).
- Event: Q3 revenue grew YoY, but Q4 guidance missed badly; shares fell as much as 29% intraday and closed down over 28%.
Key Information
| Item | Detail |
|---|---|
| Q3 revenue (GAAP) | $16.5B, up 21% YoY |
| Q3 net income | $3.32B, down 18% YoY |
| Q3 diluted EPS | $0.60 |
| Q4 revenue guidance | $15-16B (midpoint $15.5B) |
| Street Q4 expectation | ~$17B |
| Q4 non-GAAP EPS guidance | $0.25 (Street ~$0.43) |
| Q4 non-GAAP gross margin guidance | 38.0% |
| October 30 close | $65.76, down over 28% |
| Market cap | ~$349.2B, ~$150B wiped out in a day |
Background and Impact
- Soft guidance: The company said PC demand weakness would last until at least H1 2027.
- Capacity incident: An operational incident at the Kiryat Gat fab in Israel hurt capacity expectations.
- Sector contagion: Fear spread to chip peers; Nvidia's market cap fell below $5 trillion the same day.
Official Sources
- Intel IR: Q3 2026 Earnings Release
- Securities Times: Q4 guidance far below expectations