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Summary
Intel (INTC) fell 28.58% to $65.76 on October 30, 2026, on volume of 455.6 million shares.
Financial media tied the drop to a fourth-quarter forecast of $15.0 billion to $16.0 billion in revenue and $0.25 in non-GAAP EPS, below Wall Street estimates.
CFO David Zinsner expects the PC slowdown to last at least through the first half of next year, even as third-quarter data center revenue rose 78%.
Gotrade News - In the latest Intel stock news, Intel (INTC) shares fell 28.58% to close at $65.76 in the US session on Friday, October 30, 2026. Intel stock dropped after the chipmaker forecast fourth-quarter revenue and earnings below Wall Street estimates and warned that the PC slowdown will last into next year, as financial media reported.
INTC Trading Data
Data
Value
Closing price
$65.76
Change
-$26.31 (-28.58%)
Previous close
$92.07
Open
$68.36
Day range
$63.20 to $68.77
Volume
455.6 million shares
30-day average volume
104.8 million shares
52-week range
$32.89 to $142.35
Market cap
$349.5 billion
Regular-session close on Friday, October 30, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since October 31, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
The stock opened at $68.36, far below Thursday's close, and spent the session between $63.20 and $68.77, finishing just $2.56 above the day's low.
Trading was heavy: 455.6 million shares changed hands, 334.63% above the 104.8 million-share average. The drop left Intel 53.80% below its 52-week high of $142.35, though still 99.94% above its 52-week low of $32.89.
The broader market fell far less: the Nasdaq Composite lost 2.86% to 25,437.00, the S&P 500 fell 1.82% to 7,580.07 and the Dow Jones Industrial Average slipped 1.09% to 51,770.31, so Intel lagged the Nasdaq by 25.72 percentage points. The US 10-year Treasury yield eased 6.0 basis points to 4.93%. Among peers, the names that IBTimes tied to PC exposure fell hardest: AMD (AMD) dropped 10.88% and Dell (DELL) fell 10.77%, while Nvidia (NVDA) lost 4.22%.
According to Intel's third-quarter release, published at 4:01 p.m. EDT on October 29, 2026, the company forecast fourth-quarter revenue of $15.0 billion to $16.0 billion, non-GAAP gross margin of 38.0% and non-GAAP EPS of $0.25. As reported by IBTimes, that revenue range fell short of the roughly $17 billion Wall Street expected, and the EPS guidance came in far below the 43-cent consensus.
The outlook overshadowed the rest of the earnings report. Third-quarter revenue rose 21% to $16.5 billion, non-GAAP EPS was $0.52 and data center (DCAI) revenue climbed 78% to $7.3 billion, while client revenue fell 5% to $8.1 billion. "Revenue, gross margin and earnings per share exceeded guidance," CFO David Zinsner said in the release, before adding: "we see the PC slowdown continuing at least through the first half of next year."
Per IBTimes, Intel now expects the PC market to shrink 12% in 2026 and another 10% in 2027 as a global memory chip shortage pushes up PC prices. CEO Lip-Bu Tan said those conditions would last "until memory availability and prices begin to normalize." The outlet also reported that an accident in early October forced an extended shutdown at Intel's factory in Israel, which is expected to cut fourth-quarter revenue by about $300 million.
INTC Stock Analysis: Supporting Factors and Risks
Supporting Factors
Data center revenue grew 78% to $7.3 billion in the third quarter, which Zinsner described as "our strongest data center revenue growth in 15 years."
Intel Foundry revenue rose 58% to $6.7 billion, and Tan said "demand for our CPUs remains robust" despite PC headwinds, a company view.
According to the Motley Fool, Intel's Arizona fab entered high-volume manufacturing in July on a subset of Core Ultra Series 3 "Panther Lake" chips, the first built on Intel 18A.
Risks
Intel guided fourth-quarter non-GAAP gross margin to 38.0%, down from 44.1% in the third quarter, and non-GAAP EPS to $0.25, down from $0.52.
The client business, where revenue already fell 5%, faces a PC slowdown that Zinsner expects to last at least through the first half of next year.
Intel completed a $23 billion public equity offering in the quarter, per the release, and the Motley Fool notes that new shares split future profits across more holders.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
