Analysts lowered their price targets for Intel after the company reported disappointing sales and earnings for Q3.

Oct 30, 2026, 11:55 AM ETOpinionRead the original at Benzinga

Bad for INTC

Intel's third-quarter profit per share beat estimates and sales grew, but its next-quarter forecast fell short. Analysts said Intel made too many PC chips and too few server chips, pointing to a weaker outlook.

INTC · Intel Corp

AI read · Bad for INTC

The AI's read

The profit beat does not erase the concerns about Intel's next quarter. PC chip sales fell, and analysts described too many chips for PCs and too few for servers. That mismatch could leave Intel unable to meet demand for server chips as AI use grows.

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