🔴 Intel is trading 25.85% down in pre-market after fourth-quarter outlook misses estimates

Intel is trading 25.85% down in pre-market at $68.27 after its October 29 fourth-quarter outlook fell short of analyst expectations.

• Revenue guidance was $15–16 billion and adjusted EPS $0.25, versus analyst expectations of $17.1 billion and $0.43.
• The outlook overshadowed a third-quarter earnings beat, including 78% growth in data center and AI revenue.
• Management cited continued PC-market softness, expected to persist into 2027; broader technology-sector pressure may also add to the decline.