Intel Corporation (NASDAQ: INTC) fell about 25% after earnings, retreating in premarket trading to around $69 after closing near $92. The sell-off came after Intel guided fourth-quarter revenue to a midpoint of $15.5 billion, below the $17.3 billion consensus, and anticipated a contraction in gross margins to about 38%.
The drop reflects a clash between near-term headwinds—such as an inventory flush in client personal computers, factory disruption costs, and a forecasted 2027 cash flow deficit—and solid progress on the company's flagship 18A node.
