Intel faces potential litigation following stock decline and weak guidance
Law firm Levi & Korsinsky is investigating potential securities law violations after Intel provided a fourth-quarter revenue outlook that fell short of market expectations.
Shares of Intel Corporation dropped more than 25% on October 30, 2026, following the company's third-quarter earnings release. The decline was triggered by a fourth-quarter revenue forecast of $15 billion to $16 billion, which significantly missed Wall Street consensus estimates.
Pressure on the stock followed reports of a 5% year-over-year revenue decline in Intel's Client Computing segment. Management attributed the weaker-than-expected outlook to persistent softness in the personal computer market, prompting several analysts to downgrade the stock and lower price targets.
The law firm Levi & Korsinsky has launched an investigation into whether Intel provided misleading information regarding its business conditions and revenue outlook. The inquiry aims to determine if there are grounds for securities litigation on behalf of shareholders who incurred losses during the period following the earnings announcement.