Intel warns of weak 2026 start after mixed Q4 results

On Thursday, Intel reported its financial results for the fourth quarter and full year 2025, delivering a better-than-expected finish to the year while simultaneously issuing a subdued forecast for the first quarter of 2026. The fourth quarter concluded with revenue of $13.7 billion, a four percent decrease compared to the same period the previous year. For the full year 2025, Intel reported revenue of $52.9 billion, essentially unchanged compared to 2024. Despite the positive quarterly result, the market's focus was on the company's forecast for Q1 2026, where Intel expects revenue between $11.7 and $12.7 billion and an adjusted earnings per share of zero—far below what analysts had anticipated. Following the report, Intel's stock price fell sharply. CFO David Zinsner stated in the press release that available delivery capacity is expected to be at its lowest during the first quarter before improvements occur later in the year. He emphasized that demand in the core segments remains healthy, especially considering the rapid adoption of AI