Why INTC fell 23.8% on Oct 30 2026: weak earnings guide
INTC-23.8%on Fri Oct 30 2026
Intel Corp was down 23.8% on the day at $70.17, ranked #9 on — its usual five-minute volume, when TapeRank recorded this drop at 04:01 ET during the pre-market session.
THE DAY ON THE LIST · 1 EVENT
- 04:01 ETMOVER · PRE-MARKET
$70.17 · ▼ 23.8% ON THE DAY · — 5M RVOL · RANK #9
JUSTIFIEDCONFIDENCE5/5Intel is down 23.8% pre-market after reporting a strong quarter but issuing a sharply challenging fourth-quarter outlook, including PC weakness, supply constraints, heavy spending, and expected negative cash flow. The magnitude of the decline is severe but consistent with a materially weaker near-term guide and heightened execution risk, while the disclosed $23 billion equity offering creates dilution exposure.
WHYA 23.8% overnight drop is large, but it is supported by a weak Q4 guide, PC-unit contraction, supply shortages, negative cash-flow expectations, and major spending needs; the $23B equity offering adds issuance risk.ANALYZED 04:01 ET · <1 MIN AGO · OPENAI/GPT-5.6-LUNATHE ROW AND SESSION LEVELS AT 04:01 ET
LAST70.17DAY▼ 23.8%5 MIN▲ 0.33%5M RVOL—5M $VOL$9.2MFLOAT*5.0BRANK#9SESSIONPRE-MARKETVWAP70.74HOD71.37LOD69.88OR HIGH—OR LOW—PREV CLOSE92.07PM HIGH71.37PM LOW69.88GAP▼ 23.83% (indicated)* FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE
— MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO
THE SESSION
- 09:30 ETOpened at $68.36, -25.8% on the previous close of $92.07
- 09:30 ETRegular-session high, $68.77
- 14:35 ETRegular-session low, $63.20
- 15:59 ETLast trade of the regular session, $65.84, -28.5% on the previous close of $92.07
- Volume: 379.8M shares in regular hours, 27.0M before the open
Intel opened at $68.36 after TapeRank tied its premarket decline to a sharply challenging fourth-quarter outlook, despite a strong quarter. The company cited PC weakness, supply constraints, heavier equipment spending, expected negative cash flow and a $23 billion equity offering, and the stock fell to a $63.20 low before recovering to finish the regular session at $65.84, with no halts during the day. TapeRank’s read was that the weak earnings guide justified the move, with confidence rated 5/5.
WRITTEN FRI OCT 30 2026 16:00 ET BY OPENAI/GPT-5.6-LUNA FROM THE FACTS ON THIS PAGE
FILINGS AND NEWS · 24H BEFORE THE MOVE
- THU 18:14 ETIntel Q3 2026 Earnings Call TranscriptBenzinga
- THU 18:04 ETIntel CFO Says We Have A Significant Ramp In Equipment Spend This Quarter, And It's Expected To Be Even More Significant Next QuarterBenzinga
- THU 17:45 ETIntel Q3 Data Center & AI Rev $7.3B, Up 78% Y/Y; Foundry Rev $6.7B, Up 58%Benzinga
- THU 17:44 ETIntel CFO Says Expect The 2026 PC Unit TAM To Decline ~12%, With Second-Half Units Down More Than 20%; Says I Don't Think That This Will Be A Year In Which We See Positive Cash Flow"Benzinga
- THU 17:42 ETIntel CFO Says Expect Non-Controlling Interest To Be ~$250M In Q4; 2026 Gross Capital Expenditures Remains On Track To Be $20B, And We Expect 2027 Gross Capital Spending To Be Up StronglyBenzinga
- THU 17:40 ETIntel CFO Says Expect Non-GAAP Operating Expenses Of ~$4.4B In Q4 And ~$16.3B For The Full YearBenzinga
On the tape right now
WHERE THE LIST STOODWED NOV 4 2026 · 13:49 ETRECORDED LIVE · 742 QUALIFY
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