Shares fell 13% on weak Q1 guidance as manufacturing yields limit AI chip supply despite strong demand and Q4 revenue beat.

For the current quarter, Intel said it’s looking for breakeven earnings-per-share and revenue of between $11.7 billion and $12.7 billion. Both numbers came in below the Street’s forecast, which calls for earnings of five cents per share on sales of $12.51 billion.

Intel’s fourth quarter revenue fell 4%, the chip firm reported Thursday, at the high end of the company’s projections. The result reflected a 7% decline in its largest unit, through which it sells CPUs for use in personal computers and other consumer products.

Intel Corp. (NASDAQ:INTC) stock has had a rough ride in 2024 so far, falling by over 56% year-to-date. The world's leading chipmaker lost the plot across both establishing as well as emerging technologies – it is no longer as dominant as it was in the ...

Jay Goldberg, Seaport, joins 'Closing Bell Overtime' to talk Intel Q4 results and what is pulling on the stock after hours.

Intel (NASDAQ:INTC) shares fell more than 12% in U.S. premarket trading on Friday after the semiconductor group reported a fourth-quarter net loss and issued weaker-than-expected guidance for the current quarter.