Intel stock traded at $64.54 on October 30, 2026, down 29.9%, after the chipmaker forecast fourth-quarter revenue below analyst expectations and said it did not expect positive cash flow for the year. The shares had fallen as low as $64.11 earlier in the session.

Key Takeaways

  • Intel’s fourth-quarter revenue forecast of $15 billion to $16 billion was below the $17.07 billion analyst average.
  • Other semiconductor shares fell between 2% and 9% in premarket trading.

Intel stock falls after revenue forecast

Intel issued its fourth-quarter outlook on October 29 alongside its third-quarter results. The revenue forecast fell short of the average analyst estimate compiled by LSEG. Chief Financial Officer David Zinsner also said the company did not expect to generate positive cash flow in 2026.

Intel’s third-quarter results and outlook showed revenue of $16.5 billion for the September quarter, up 21% from a year earlier. The fourth-quarter range is a forecast, not a completed result.

PC weakness and broader chip declines

Intel expects sales from its PC-chip segment to decline more than 20% sequentially in the fourth quarter. Zinsner said the company expects the PC slowdown to continue at least through the first half of 2027.

Shares of AMD, Arm, Qualcomm, Nvidia, Broadcom and Micron fell between 2% and 9% in premarket trading on October 30. Those earlier moves and Intel’s later quoted price were observed at different points in the trading day; the timing alone does not establish a single cause for the declines.

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