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Intel shares plunge 20% after weaker Q4 revenue outlook

By Drooid · Oct 30, 2026 · How we work

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Summary

Intel shares dropped about 20% after-hours because its Q4 revenue outlook was weaker than analysts expected.
The company projected Q4 revenue of $15-$16 billion, below the LSEG estimate of $17.07 billion.
An explosion at Intel’s Kiryat Gat plant in Israel will reduce revenue by roughly $600 million over two quarters.
Data Center and AI sales increased 78% to $7.3 billion, reaching a 15-year high.
Client Computing revenue fell 5% to $8.1 billion, missing the $8.98 billion forecast.

Summary

Intel signed a definitive agreement to acquire Classiq, a quantum-software firm, expanding its quantum capabilities.
Northland kept an Outperform rating on Intel with a $120 price target as earnings approach.
KeyBanc maintained an overweight stance, forecasting a $155 target and unit growth driven by AI demand.
InvestingPro flagged Intel’s beta of 2.23 as indicating high volatility and possible overvaluation.

History

Intel laid the cornerstone for its Fab 28 semiconductor plant in Kiryat Gat in February 2006, expanding the city’s industrial base that began with Fab 18 in 1999 after a $525 million Israeli grant. Kiryat Gat now hosts one of the world’s most advanced fabs, producing 7 nm chips, and a 2021 $10 billion expansion underscores its strategic importance.

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Intel laid the cornerstone for its Fab 28 semiconductor plant in Kiryat Gat in February 2006, expanding the city’s industrial base that began with Fab 18 in 1999 after a $525 million Israeli grant. Kiryat Gat now hosts one of the world’s most advanced fabs, producing 7 nm chips, and a 2021 $10 billion expansion underscores its strategic importance.

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