Intel Plunges Over 27% Premarket, Set for Worst Day Since 1974

Oct 30, 2026 06:08 ET · 1d ago

TREE NEWS reports: Intel (INTC) fell more than 27% in premarket trading on October 30, extending a 23% after-hours drop and putting the stock on course for its largest single-day decline since 1974. The selloff followed fourth-quarter guidance of $15 billion to $16 billion in revenue and $0.25 non-GAAP EPS, both below consensus of about $17 billion and $0.43. Intel also expects client segment revenue to fall over 20% sequentially and flagged a roughly $300 million hit from an accident at its Fab 28 plant in Israel. JPMorgan, Piper Sandler and Jefferies cut their price targets.

Original source

AI take

The scale of the guidance miss, not the headline drop, is the real signal: a sequential client-revenue decline of that size points to demand weakness rather than a one-off, and the Fab 28 accident adds a supply-side complication on top. The coordinated target cuts from major banks suggest sell-side models are being reset around a lower earnings base rather than treating this as transient. The open question is whether the client segment deterioration proves cyclical or structural, and how much of the Israel disruption carries into subsequent quarters.

Generated by AI for reference only.

Related News

1h ago China Reform and Chengtong Add A-Share Stakes in Power, Energy, Semiconductors 1h ago CITIC Securities: Bank Stocks Set for Repricing from High-Dividend Defensive Assets 3h ago Intel’s weak Q4 guidance and AI capex fears sink tech stocks; Nasdaq falls over 5% in October 4h ago Anthropic S-1 Filing Lifts Vertiv 25%, Nvidia Just 2.1% in Three Sessions 9h ago Hong Kong SFC Flags 17 Listed Companies for Concentrated Ownership in 2025 10h ago Intel shares plunge 30% after Q4 guidance misses estimates

Pitch us Feedback