Intel forecast misses estimates amid weak PC demand and supply problems

Published Thursday, October 29, 2026 · 5:53 PM EDT

Intel's revenue forecast missed analysts' estimates as weak demand for PC processors and supply-chain problems with its data center components weighed on the business, Bloomberg reported. Shares plunged in late trading. The forecast comes as Intel faces both sputtering PC demand and supply problems affecting its lucrative data center components.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

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