Intel Issues Weak Forecast and Flags PC Market Weakness
Intel reported third-quarter results and provided a December quarter outlook that fell below Wall Street expectations, citing manufacturing bottlenecks and persistent weakness in the PC market.
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Intel stock climbed premarket as the chipmaker unveiled its new Diamond Rapids, Crescent Island, and Wildcat Lake processors to target expanding AI workloads.
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Intel reported third-quarter results and provided a December quarter outlook that fell below Wall Street expectations, citing manufacturing bottlenecks and persistent weakness in the PC market.
Intel reported its strongest data center revenue growth in 15 years with a 78% jump and tripled operating income, but shares fell 18% after-hours due to a weak Q4 forecast showing lower revenue, gross margin, and earnings. While server chip demand outpaces supply, a PC market slowdown expected through mid-2025 is offsetting data center strength.
Filed: 2026-10-29 AccNo: 0000050863-26-000188 Size: 646 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
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