Intel Stock Plunges 17% as Weak Q4 Outlook Weighs on Shares; Amazon Falls 5% After Earnings
Intel (INTC) shares plunged more than 17% in after-hours trading, while Amazon (AMZN) fell more than 5% following their latest earnings reports, according to Coin Bureau. Intel beat third-quarter estimates but issued weak guidance for the fourth quarter, while Amazon missed revenue expectations despite reporting stronger-than-expected performance from Amazon Web Services (AWS).
Intel Warns PC Slowdown Will Persist Into 2027
Intel's latest results surpassed third-quarter estimates, but the company's outlook for the coming quarter disappointed investors. The chipmaker warned that the slowdown in the personal computer market would last at least through the first half of 2027, pointing to an extended period of weakness for the PC sector.
The warning accompanied weaker-than-expected fourth-quarter guidance. Despite beating Q3 estimates, Intel's forecast raised concerns about the near-term business outlook, with shares falling more than 17% after the markets closed.
The timeframe cited by Intel is significant to the company's outlook: the slowdown is expected to persist through at least the first six months of 2027. Coin Bureau highlighted the guidance as a key detail accompanying the sharp after-hours decline in Intel stock.
Amazon Misses Revenue Expectations Despite AWS Strength
Amazon shares dropped more than 5% in after-hours trading after the company missed expectations on both measures referenced in the report. Revenue came in at $201.9 billion, below the $202.3 billion analysts had expected.
The shortfall amounted to $400 million compared with the expected revenue figure. According to Coin Bureau, Amazon's advertising business fell short of expectations, even as Amazon Web Services delivered a better-than-expected result.
The contrast between the advertising shortfall and the AWS beat formed part of the earnings picture behind Amazon's post-market share decline. However, the figures shared by Coin Bureau did not specify the size of the advertising miss or the extent to which AWS exceeded expectations.
Both Stocks Decline After Earnings
Intel and Amazon experienced notable declines after their earnings announcements, although the reported figures point to different concerns. Intel beat third-quarter estimates but disappointed with its fourth-quarter outlook and warning about the duration of the PC slowdown. Amazon, meanwhile, reported revenue of $201.9 billion against expectations of $202.3 billion, financial with advertising falling short despite an AWS beat.
The reported after-hours moves were more than 17% lower for Intel and more than 5% lower for Amazon. Coin Bureau's post did not provide additional details about the companies' full earnings statements, the specific Q4 guidance figures from Intel, or the individual revenue contributions from Amazon's advertising and AWS businesses.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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