Intel Shares Plummet 16%—Pacing Worst Loss Since 2020

Core Viewpoint - Intel's stock has experienced significant volatility, with a recent sharp decline following a mixed earnings report that highlighted production challenges despite strong demand [1][2][3] Financial Performance - Intel reported fourth-quarter revenue of $52.8 billion and earnings per share of $0.42, exceeding economists' expectations of $52.6 billion and $0.34 per share [2] - The company anticipates first-quarter revenue between $11.7 billion and $12.7 billion, with earnings projected to break even, which is below previous estimates of $12.5 billion in revenue and $0.05 in earnings [2] Production Challenges - Intel's CEO Lip-Bu Tan indicated that production levels are not meeting the company's standards, despite experiencing "quite strong" demand [3] - The company is on a "multiyear journey" to improve its operations, which will require "time and resolve" [3] Stock Market Reaction - Following the earnings report, Intel's stock fell by more than 16%, marking its largest intraday decline since July 2020, with shares dropping to approximately $45.45 [1]