{
  "id": 17310018,
  "title": "Is Intel Stock a Buy After Its Post-Earnings Plunge?",
  "url": "https://urgent.news/2026/10/30/is-intel-stock-a-buy-after-its-post-earnings-plunge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T23:14:02.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/30/is-intel-stock-a-buy-after-its-post-earnings-plunge/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Intel's stock fell around 23% in after-hours trading on Thursday, Oct. 29, following the release of its third-quarter earnings. Despite a strong quarter with 21% year-over-year revenue growth to $16.5 billion and non-GAAP earnings per share of $0.52, exceeding expectations, the outlook was bleak. Intel projected fourth-quarter revenue between $15.0 billion and $16.0 billion, and adjusted earnings per share of $0.25, less than half of what it had previously reported.\n\nThe server business, specifically the data center and AI segment, showed impressive growth with a 78% year-over-year increase to $7.3 billion. However, the client computing and physical AI group experienced a decline of 5%, primarily attributed to higher memory prices and tight IT budgets. Intel anticipates a further 20% drop in PC segment revenue for the next quarter as PC makers draw down their inventory.\n\nThe company's outlook also factors in a recent production disruption at its Fab 28 plant in Israel, which is expected to reduce fourth-quarter revenue by around $300 million and gross margin by 2 percentage points. Intel's adjusted gross margin for the fourth quarter is now projected at 38%, down from 44.1% in the third quarter due to a smaller revenue base.\n\nWhile the stock trades at about 33 times the projected 2027 earnings, which is down from 43, Intel remains optimistic about long-term growth in the data center and AI segment. However, the short-term outlook for PC sales remains a concern, with management not expecting a lasting recovery until memory supply improves and prices normalize. At its current price, Intel stock may not be considered a buy after the recent plunge.",
  "summary": "The chipmaker's data center business just saw its fastest growth in 15 years. Why did shares fall?",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Is Intel Stock a Buy After Its Post-Earnings Plunge?",
        "url": "https://urgent.news/2026/10/30/is-intel-stock-a-buy-after-its-post-earnings-plunge-17311211",
        "published": "2026-10-30T23:34:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}