🔴 Intel is trading 17% down in after-hours trading after fourth-quarter guidance misses estimates

Intel is trading 16.99% down at $76.43 after its October 29 earnings release, with the after-hours decline driven by Q4 guidance below expectations.

• Q3 beat estimates; Q4 revenue guidance was $15–16 billion and adjusted EPS $0.25, versus $17.1 billion and $0.43 expected.
• Data center and AI revenue grew 78% to $7.3 billion; client-computing revenue fell 5% to $8.1 billion, missing estimates.
• Intel warned PC-market weakness may continue through next year’s first half; broader semiconductor weakness and market pressure may also add to the decline.