Overview
- Intel guided first-quarter revenue to $11.7–$12.7 billion with breakeven adjusted EPS, missing Wall Street expectations.
- Executives said fabs are running at capacity yet cannot meet surging AI data-center CPU demand, with supply expected to be lowest in Q1 before improving in Q2.
- Management said 18A manufacturing yields remain below targets, complicating the production ramp and pressuring margins.
- The stock fell between 12% and 17% across trading sessions, erasing roughly $31 billion to $35 billion in market value.
- Two prospective external customers are evaluating Intel’s 14A node without commitments, and rising memory prices could further dampen PC demand.