Intel beats on EPS but misses revenue, shares plunge ~17.4% after hours
What happened
Intel reported Q3 2026 results after the close on October 29: adjusted EPS of $0.52 beat the $0.41 consensus, but revenue of $16.50 billion came in just shy of the $16.60 billion expected. Despite the EPS beat, shares traded down roughly 17.44% after hours. The market focused on the revenue miss and what it implies about demand for Intel's core PC and data-center products, overwhelming the bottom-line beat.
Why it matters & what’s next are part of Pro, along with the audio summary.
Start your free 14-day trialWho’s affected
- Intel (INTC) - direct, ~17.4% after-hours
- AMD - sector peer whose share-gain narrative is reinforced
- Nvidia (NVDA) - benefits from the contrast but is caught in the broader AI-capex-skepticism downdraft; semiconductor equipment names exposed to legacy CPU capex softness.
Sources