Intel issued a weaker-than-expected outlook for the current quarter amid a slowdown in global PC sales, leading several analysts to lower their price targets on the stock. The company said it sees adjusted earnings per share of 25 cents on revenue between $15 billion and $16 billion for the fourth quarter. That’s below LSEG estimates of 43 cents per share on the bottom line and $17 billion for revenue. That weak forecast overshadowed better-than-expected third-quarter earnings. Shares fell roughly 25% on Friday as investors digested the effect of those headwinds on Intel’s businesses. Following the report, Bank of America downgraded Intel to neutral from buy. “The stock has not communicated enough traction with external foundry…
Intel guidance disappoints as analysts cut price targets
October 31, 2026
