Intel delivered a solid quarter on Thursday, but its guidance underscored how heavily it still depends on the struggling PC market, sending shares sharply lower after hours.
We’re not joining the sell-off just yet
Revenue in the third quarter increased 21% year over year to $16.513 billion, edging out the LSEG-compiled consensus estimate of $16.496 billion. Non-GAAP earnings per share (EPS) more than doubled to 52 cents, beating the LSEG estimate of 40 cents. INTC YTD mountain Intel 1-year return Bottom line Despite data center demand and improvements at its foundry still pointing to a solid long-term outlook, analysts will need to revise estimates downward for several quarters, as weakness in the consumer electronics market will persist well into 2027.
Why not bail on the stock? This is the reset. Further downside is certainly possible, but selling now won’t erase the losses we’ve taken.