# Intel shares fall around 28% after weaker fourth-quarter outlook

_Published Friday, October 30, 2026 at 9:07 PM EDT · Products, Infrastructure · Latest · Tier 2 — Notable_

![Intel shares fall around 28% after weaker fourth-quarter outlook — Primary](https://techcrunch.com/wp-content/uploads/2026/10/Intel-Lip-Bu-Tan-1.jpg?resize=1200,800)

Intel shares fell around 28% on Friday after the company forecast fourth-quarter revenue of $15 billion to $16 billion, below analysts' expectations of around $17 billion. TechCrunch reported that the decline cut the value of the government's Intel stake by $12 billion.

Intel also forecast a gross profit margin of 37%, down from 43%, and no positive cash flow amid heavy investment. CEO Lip-Bu Tan said higher memory prices and limited availability were pushing up PC prices and pressuring customers' IT budgets.

Data center revenue grew 78% from the year-earlier quarter, but additional factory capacity remains a constraint. Intel's next Arizona fab is not expected online until 2028.

## Sources

- [TechCrunch](https://techcrunch.com/2026/10/30/intels-stock-crashes-knocking-12b-from-governments-stake/)

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Canonical: https://techandbusiness.org/newswire/794-i0kEgU6pt0KUvRl9-D
Published: 2026-10-31T01:07:09.982Z
Story chronology: 2026-10-30T21:54:34.000Z
Retrieved: 2026-10-31T05:18:28.226Z
Publisher: Tech & Business (techandbusiness.org)