Intel Corp (NASDAQ: INTC) trades at $56.31, down 17.57% (-$12.00) on the day.
Key Stock & Financial Highlights
• Price & Range: The stock has a day range of $55.32 to $56.73 and a 52-week range of $32.89 to $142.35.
• Q3 Results & Q4 Guidance: Intel reported Q3 2026 revenue of $16.51 billion, but provided a weaker-than-expected Q4 2026 revenue outlook of $15 billion to $16 billion (below analyst expectations of ~$16.0B to $17.3B).
• Headwinds: Management cited a projected $300 million impact from an incident at Fab 28 in Israel, a forecasted drop in PC chip sales of over 20% due to customer inventory adjustments, and ongoing challenges in its foundry business.
• Insider Activity: CEO Lip-Bu Tan recently acquired 150,000 shares of common stock (~$9.7 million) at a weighted average price of $64.73 in an attempt to signal confidence amid the sharp sell-off.
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