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Intel shares fall about 28% after weaker fourth-quarter outlook

Intel expects fourth-quarter revenue of $15 billion to $16 billion, below analysts’ roughly $17 billion forecast. It also expects its gross margin to fall from 43% to 37% and no positive cash flow. Shares fell about 28% after the outlook; CNBC reports that the value of the government’s stake dropped by $12 billion. Data center revenue grew 78% from a year earlier, though Intel remains constrained by fab capacity.

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Intel shares fall more than 30% after opening as fourth-quarter revenue outlook misses expectations

Intel shares fell more than 30% at one point after the October 30 open. The company expects fourth-quarter revenue of $15 billion to $16 billion, below analysts’ $17.07 billion forecast. Intel also expects the weak PC market to persist until at least the first half of 2027.

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Intel shares fall about 28% after weaker fourth-quarter outlook

Intel expects fourth-quarter revenue of $15 billion to $16 billion, below analysts’ roughly $17 billion forecast. It also expects its gross margin to fall from 43% to 37% and no positive cash flow. Shares fell about 28% after the outlook; CNBC reports that the value of the government’s stake dropped by $12 billion. Data center revenue grew 78% from a year earlier, though Intel remains constrained by fab capacity.