Update: Intel Shares Plummet Pre-Bell on Q3 Revenue Miss, Downbeat Q4 Outlook

05:53 AM EDT, 10/30/2026 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.) Intel (INTC) shares were down 25% in premarket activity Friday after the chipmaker's Q3 revenue fell short of market estimates, while the company offered a downbeat Q4 outlook. The company reported Q3 adjusted earnings late Thursday of $0.52 per share, up from $0.23 a year earlier. Analysts polled by FactSet expected $0.41. Revenue for the quarter ended Sept. 26 was $16.51 billion, up from $13.65 billion a year earlier. Analysts expected $16.56 billion. For Q4, the company expects adjusted EPS of $0.25 on revenue of $15 billion to $16 billion. Analysts expect $0.45 and $17.29 billion, respectively.