Business · Markets · 59 mins ago
Intel shares fall as PC slowdown weighs on outlook
Intel shares fell more than 15% in extended trading after the company released its third-quarter results.
The U.S. chipmaker said the PC market slowdown would continue to weigh on future earnings.
The slowdown is expected to stretch into 2027, according to the company's outlook.
Intel forecast fourth-quarter revenue of $15 billion to $16 billion, below expectations.
Revenue grew 21%, driven by data centers and artificial intelligence, but that growth did not ease investors' concerns about the outlook.
Intel's next quarterly revenue is expected to be $15 billion to $16 billion, as the company faces continued pressure from the PC market.
Intel shares fell sharply in extended trading after the company reported third-quarter results and warned that a PC market slowdown would weigh on future earnings.
The company forecast fourth-quarter revenue of $15 billion to $16 billion, below expectations.
The slowdown is expected to continue into 2027, according to Nikkei Asia.
Data-center and AI demand drove 21% revenue growth, but the outlook overshadowed that increase.
- Who
- Intel and its shareholders.
- What
- Intel shares fell after the company issued a weaker-than-expected fourth-quarter revenue outlook.
- When
- Thursday, October 29, 2026, in extended trading.
- Where
- Not stated.
- Why
- Intel warned that the PC market slowdown would continue to weigh on future earnings.
This story does not have two clearly opposing sides.
Intel released its third-quarter results and issued fourth-quarter revenue guidance.
Intel shares fell more than 15% in extended trading.
- Fourth-quarter revenue outlook
- $15 billion to $16 billion
- Revenue growth
- 21%, driven by data centers and AI
- Share price move
- More than 15% lower in extended trading
- PC slowdown
- Expected to continue into 2027