Instant Reaction: Intel Gives Weak Forecast, Shares Slide Afterhours

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3.8 • 1.2K Ratings

🗓️ 22 January 2026

⏱️ 10 minutes

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Summary

Intel gave a lackluster forecast for the current quarter after manufacturing problems hampered a comeback bid, a disappointment for investors who anticipated more of a boost from new products.
First-quarter revenue will be $11.7 billion to $12.7 billion, the company said in a statement Thursday. The midpoint of that range fell short of the $12.6 billion estimated by analysts. The company expects to break even in earnings per share, excluding certain items. Wall Street had projected a profit of 8 cents a share.

Intel is struggling with its manufacturing yields — the percentage of usable chips coming out of its factories — making it harder to fill orders. The once-dominant semiconductor company has spent years trying to restore its technological edge and recover from market share losses, and this is one more setback.

Intel shares fell about 5% in extended trading Thursday following the report.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with Ivan Feinseth, Research Director and Chief Investment Officer at Tigress Financial Partners.

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Transcript

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0:00.0	Bloomberg Audio Studios, Podcasts, Radio News.
0:08.7	This is a breaking news update from Bloomberg.
0:12.8	Instant reaction and analysis from our 3,000 journalists and analysts around the world.
0:18.9	Focusing once again on earnings and intel on that list, as we see it bopping
0:23.6	around in the aftermarket. What does that mean? We've got Intel shares down about 3.8% as we
0:29.5	speak, and some of it has to do with a weak forecast, supply shortages, hampering sales. This is not
0:36.2	a new story that we've heard around the chip companies, particularly when it comes to AI. The demand is there. They can't meet the demand, which is kind of a good, positive story that the demand is still there, but it's not great when you can't meet that. And you're just, you know, trying to kind of connect the dots there. Yeah, I want to bring in Ivan Fein-Seth, Research Director and Chief Investment Officer at Tiger's Financial Partners. The firm has more than $500 million under management.
0:59.8	Ivan has a buy rating on the company's stock. Ivan, does just very, like your immediate knee-jerk
1:06.5	reaction to this, does your rating, well, I know you can't answer that question, but your knee-jerk
1:13.3	reaction. I'm not going to ask you. Your knee-jerk reaction to the numbers here. You're shaking your
1:17.3	head. It's not this quarter. It's not a quarterly story. It is a major shift in the company.
1:23.7	And they have, I think, turned a major corner. But the stock has also run up significantly
1:30.7	from a low at 20. It hit $55. So I think it may have gotten a little bit ahead of self,
1:36.0	and it may pull back. But I think everything that's going on under the new CEO, Liputant,
1:41.2	is as planned. I mean, they are well positioned to benefit from AI data center demand, AI computer
1:49.6	demand, their partnership with Intel, money from the U.S. government.
1:54.1	So they are plenty flush to invest in all of their key growth initiatives.
2:01.6	So fundamentally, what's changed, Ivan, when it comes to this company?
2:06.2	You obviously sound really upbeat.
2:08.6	Is it just a case of having the backdrop because, you know, of the United States government?
2:14.9	Is that what's done it, you know, kind of, but are you really seeing the ships?
2:18.4	It's everything.
	...

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