Shares of Intel fell after the company released its fourth-quarter 2025 results and its first-quarter 2026 outlook on Thursday. Investors reacted to weaker guidance and reported supply constraints that limited shipments.
Intel forecast first-quarter revenue of $12.2 billion at the midpoint, below the $12.6 billion analysts expected. The company guided earnings per share of $0, missing the $0.08 estimate.
Shares dropped more than 11% in after-hours trading following the guidance miss. The stock had risen over 100% in the past year and was up over 20% year-to-date before this report.
John Pitzer, corporate vice president of investor relations, said management could not meet all customer demand due to shortages. “Our biggest sort of challenge in the near term is we can’t meet all the demand that our customers are giving us,” ” I think our supply constraints are most pronounced in Q1.”
Intel reported fourth-quarter earnings per share of $0.15 and revenue of $13.7 billion, beating forecasts. CEO Lip-Bu Tan cited rising AI demand, saying “Our conviction in the essential role of CPUs in the AI era continues to grow,” and “Our priorities are clear: sharpen execution, reinvigorate engineering excellence, and fully capitalize on the vast opportunity AI presents across all of our businesses.”
