US Stock Market Move | Q1 performance guidance lower than expected, Intel Corporation (INTC.US) plummets nearly 13% in pre-market trading.

On Friday, Intel Corporation (INTC.US) fell nearly 13% in pre-market trading, up 177% since hitting a low point in April last year, and is now trading at $47.34. On the news front, the company's CEO, Liwu Chen, gave a lackluster performance outlook and warned that the chip manufacturer is facing manufacturing issues. According to the financial report, Intel Corporation's revenue in the fourth quarter of 2025 fell by 4.1% year-on-year to $13.7 billion, better than analysts' expectations of $13.4 billion; adjusted earnings per share were $0.15, better than analysts' expectations of $0.09. Intel Corporation expects first-quarter revenue in 2026 to be between $11.7 billion and $12.7 billion, with the midpoint of this range lower than analysts' expectations of $12.6 billion; adjusted earnings per share are expected to be zero, while analysts had previously expected $0.08. Intel Corporation's forecast for first-quarter revenue and profit in 2026 is well below Wall Street expectations. During a conference call with analysts, Chen Liwu said that turning the company around will require "time and determination", further depressing the stock price. Bottlenecks in the manufacturing process have hindered Intel Corporation's recovery efforts, disappointing investors who were expecting new products to bring greater growth. Chen Liwu said, "We are in a multi-year journey."