Intel reported third-quarter 2026 results on October 29, beating estimates, but guided fourth-quarter revenue to $15 to 16 billion against roughly $17 billion expected and EPS of 25 cents against 43 cents. CFO David Zinsner blamed high memory prices for a demand falloff from late August, with the PC slowdown seen lasting at least through the first half of next year and memory prices elevated into 2028. Gross margins are guided to 38 percent, about 400 basis points below the street, after falling more than 600 basis points quarter over quarter on new-node loading and a weaker PC mix. Shares fell about 28-29 percent, the biggest one-day drop since 1982, and executives said the company probably won't generate free cash…