Intel Stock Crashes 23% Overnight and Gets Jim Cramer 'Furious': 'I Am Actually Disappointed'

Key takeaways

• Intel’s earnings beat was eclipsed by a disappointing fourth‑quarter outlook, sparking a 23% after‑hours sell‑off as investors worry about demand erosion and supply constraints.
• EPS

  Earnings per share — profit for one share of the company, in dollars.

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  Q3: $0.52 (beat $0.40)
• Revenue Q3: $16.51 billion (beat $16.47 billion)
• Q4
  EPS

  Earnings per share — profit for one share of the company, in dollars.

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  guidance

  What a company says it expects for future sales or profits — a forecast from the company, not a guarantee.

  : $0.25 (vs. $0.43 estimate)

What happened

Intel Corp. (NASDAQ: INTC) reported third‑quarter earnings of $0.52 per share, beating the consensus of $0.40, and revenue of $16.51 billion, slightly above the $16.47 billion estimate. However, the company forecast fourth‑quarter adjusted earnings of $0.25 per share and revenue of $15–$16 billion, both below analyst expectations of $0.43 and $17.05 billion, respectively. The weak outlook triggered a 23.03% drop in after‑hours trading, sending the stock to $70.87 from $92.07.

Why it matters

The earnings beat suggested Intel was still profitable, but the sharply lower

Short-term and longer-term

Short-term. Over the next few days, Intel’s stock could see further volatility as the company’s earnings call unfolds.

Longer-term. For investors looking beyond the immediate shock, the event underscores Intel’s exposure to supply chain disruptions and shifting PC demand.