Business · 31 October 2026
Intel stock falls 28% after Q4 outlook miss, wiping $12 bn from government stake
Intel’s shares dropped about 28% after the company forecast Q4 revenue of $15‑16 billion, below analysts’ $17 billion expectations, and said gross margin would fall to 37% from 43%. The decline cut the value of the government’s 10% stake by roughly $12 billion.
Why it matters
Anticipate tighter cost constraints as Intel’s gross margin drops to 37%, influencing pricing negotiations with OEMs.
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