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Intel shares fell to $59.97 on November 2, extending a sharp sell-off that followed publication of its latest financial results and closing 57.4% below the company’s record close of $140.94 on June 22.
But the chipmaker has indicated that it does plan to shift some of its Oregon capacity from PC chips to data center clients.
Intel’s Stock Falls Again as Company Warns of Prolonged PC Slowdown
Intel stock dropped 28.6% on October 30, then fell a further 8.8% on November 2.
These losses followed Intel’s third-quarter report and a weaker-than-expected outlook for the current quarter, despite Intel’s third-quarter results showing revenue reaching $16.5 billion, a 21% increase on the same period last year.
Adjusted earnings came to 52 cents a share. For the current quarter, however, the company anticipates revenue of between $15 billion and $16 billion, with adjusted earnings expected to fall to 25 cents per share.
The outlook also points to a general but prolonged slowdown in the PC market, which Intel believes could continue into the first half of 2027.
Conversely, demand for its server processors remains strong, creating pressure to increase production despite manufacturing constraints, albeit for different clients.
Tidings Data Snapshot
Intel’s PC and Data Center Sales DivergeBusiness-group revenue, third quarter of 2026| Business | Revenue | YoY |
|---|---|---|
| PC / physical AI | $8.1B | −5% |
| Data center / AI | $7.3B | +78% |
Group revenue includes intersegment transactions. Figures are rounded; changes compare with the third quarter of 2025.
Source: Intel / Q3 2026 financial resultsDailyTidings.com
Intel Plans to Shift Some Oregon Capacity from PC Chips to Server Processors
Intel plans to redirect some manufacturing capacity in Oregon to help address the demand for server processors.
During its October 29 earnings call, executives laid out their plans to use the Intel 3 manufacturing process in Oregon to produce additional chips for data center customers.
The change means shifting some capacity away from production planned for Intel’s 18A process, used for Panther Lake products aimed at the PC market. Intel expects the Oregon production changes to begin contributing in the second half of 2027.
But increasing output will need more than changes on the factory floor. Intel also faces supply constraints on substrates—components used in chip packaging—which are limiting its ability to supply customers.
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