# Intel Stock Plunges More Than 20% as Weak PC Outlook Overshadows a 78% Jump in AI Data Center Sales

*2026-10-30 19:01 UTC · Technology · 1 min read*

> Intel beat on earnings but guided Q4 revenue to $15-16 billion, with client computing set to fall over 20%.

Intel reported third-quarter revenue of $16.51 billion, up about 21% year over year and marginally below the $16.56 billion analysts expected. Adjusted earnings of $0.52 per share beat the roughly $0.41 consensus. Data center and AI revenue rose to $7.3 billion, nearly 80% higher than a year ago, with a 42% operating margin.

The stock still fell sharply, by more than 20% in reports, on weak guidance. Intel expects fourth-quarter revenue of $15-16 billion and a 38% non-GAAP gross margin. Client computing revenue was $8.1 billion, down 9% sequentially, and management expects a drop of more than 20% in the fourth quarter. The guidance also includes about a $300 million revenue hit from the shutdown of its Israel factory, Fab 28.

Intel Foundry revenue grew 16% sequentially to $6.7 billion but posted a $1.9 billion operating loss. The results show AI demand lifting Intel's server business while the PC market softens.

## Sources

- [marketbeat.com](https://www.marketbeat.com/earnings/reports/2026-10-29-intel-co-stock/)
- [cnbc.com](https://www.cnbc.com/2026/10/29/intel-intc-q3-earnings-report-2026-.html)

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TechTools News · https://techtools.cz/tools/news/article/2607-intel-stock-plunges-more-than-20-as-weak-pc-outlook-overshadows-a-78-jump-in-ai
Česká verze: https://techtools.cz/tools/news/clanek/2681-akcie-intelu-se-propadly-o-vice-nez-20-slaby-vyhled-pro-pc-prebil-78-rust-trzeb