# Intel shares fall 21% after weak fourth-quarter forecast blames PC slowdown

> Original title: Intel stock plunges 21% as chipmaker blames PC slowdown for weak guidance

- Source: CNBC · Technology
- Published: 2026-10-29T20:06:00.000Z
- Bad Influence: https://badinfluence.news/items/m1pc40o03ya0f7q7a8w654gru
- Original: https://www.cnbc.com/2026/10/29/intel-intc-q3-earnings-report-2026-.html

## Summary

Intel shares plunged in extended trading after the chipmaker forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of 25 cents, below analysts' expectations of $17.1 billion and 43 cents, according to LSEG. Intel finance chief David Zinsner says the PC slowdown will continue at least through the first half of next year. Third-quarter revenue rose 21% to $16.51 billion, while data center and AI revenue jumped 78% to $7.3 billion.