Intel (INTC) reported third-quarter earnings per share (EPS) of $0.52, topping the $0.41 estimate, while revenue of $16.51 billion came in just under the $16.56 billion estimate. Shares fell sharply to $71.08 after hours, down 22.80% from the $92.07 close, as investors reacted to the mixed results and the company's outlook.
Source: Trades in the regular session and after hours, against the close · as of October 29, 2026 at 7:00 PM ET · Five-minute closes. Extended-hours trading is thin; the price can move a long way before the open.
| Measure | Reported | Estimate | Result |
|---|---|---|---|
| Earnings per share | $0.52 | $0.41 | Beat |
| Revenue | $16.51 billion | $16.56 billion | Missed |
Source: Company earnings report and sell-side analyst consensus estimates · as of October 29, 2026 at 7:00 PM ET · Reported after the close on Thursday, October 29, 2026.
Against the quarters before
Intel has beaten earnings per share (EPS) estimates in each of the last four quarters. A year ago, in the quarter reported October 23, 2025, Intel posted EPS of $0.23 against a $0.02 estimate on revenue of $13.65 billion. The following quarter, reported January 22, 2026, EPS came in at $0.15 versus $0.08 expected, with revenue of $13.67 billion. Revenue growth accelerated into April 23, 2026, when EPS reached $0.29 against a $0.02 estimate on $13.58 billion in revenue, and then July 23, 2026, when EPS hit $0.42 versus $0.22 expected on $16.13 billion in revenue. This latest quarter's $0.52 EPS beat extends that streak, even as revenue fell just short of the estimate for the first time in this stretch.
Source: Company earnings reports and the consensus estimates at the time
| Reported | EPS | Estimate | Revenue | EPS result |
|---|---|---|---|---|
| July 23, 2026 | $0.42 | $0.22 | $16.13 billion | Beat |
| April 23, 2026 | $0.29 | $0.02 | $13.58 billion | Beat |
| January 22, 2026 | $0.15 | $0.08 | $13.67 billion | Beat |
| October 23, 2025 | $0.23 | $0.02 | $13.65 billion | Beat |
Source: Company earnings reports and the consensus estimates at the time
How the stock took it
Intel shares dropped 22.80% in after-hours trading to $71.08 from a $92.07 close. CNBC reported that the decline followed the company citing a slowdown in personal computer demand within its guidance, and noted that the client computing and physical AI segment lost ground versus the prior year even as data center and artificial intelligence related revenue grew sharply. The New York Times reported that Intel pointed to a shortage of memory chips, driven by artificial intelligence demand, as a factor squeezing the personal computer business, and that the company's outlook for the current quarter fell below Wall Street projections.
| Measure | Value |
|---|---|
| Last close | $92.07 |
| Price | $71.08 |
| Change | -22.80% |
Source: Extended-hours trades against the regular close · as of October 29, 2026 at 7:00 PM ET · Extended-hours trading is thin; the price can move a long way before the open.
Who it buys from and sells to
Company filings list Supermicro and HP Inc. as customers of Intel, while Jacobs Solutions, KLA Corporation, Synopsys, Apollo Global Management, Cadence Design Systems and TSMC are named as suppliers. This chain spans equipment, design software and manufacturing partners that support Intel's chip production, as well as the computer makers that put its chips into finished products, illustrating how intertwined Intel is with both ends of the semiconductor supply chain.
| Company | Role | Stock | Last move |
|---|---|---|---|
| Supermicro | Customer | SMCI | -3.85% |
| HP Inc. | Customer | HPQ | -1.91% |
| Jacobs Solutions | Supplier | J | +1.23% |
| KLA Corporation | Supplier | KLAC | +5.45% |
| Synopsys | Supplier | SNPS | +1.72% |
| Apollo Global Management | Supplier | APO | +4.50% |
| Cadence Design Systems | Supplier | CDNS | +0.08% |
| TSMC | Supplier | TSM | -1.75% |
Source: Relationships named in company filings (SEC 10-K annual report; Earnings call transcript); stock quotes · as of October 29, 2026 at 7:00 PM ET · Named in filings; a neighbour's move is not evidence of a link to this report.