Intel shares fall sharply following Q4 results

Summary

Intel shares fell after hours despite a top- and bottom-line beat, as weak guidance raised questions about the next quarter. Seaport Research analyst Jay Goldberg, who upgraded Intel to Buy this week, defended the call, citing customer enthusiasm for Panther Lake, expected share gains, new management, government support, and operating leverage. He attributed the revenue guide shortfall to an unprecedented memory shortage tied to AI buildout and said Intel can still recover as products ramp. The hosts noted the stock had already run nearly 50% into the print and trades at rich forward revenue multiples.

• Intel reported Q4 results that beat top and bottom lines but issued weak forward guidance.
• Intel shares fell after hours and were under pressure at session lows.
• Jay Goldberg of Seaport Research recently upgraded Intel to Buy and remains optimistic.
• Goldberg cited CES customer enthusiasm for Panther Lake chips and potential Intel share gains.
• He also pointed to new CEO cost cuts, government investment, and operating leverage.
• Goldberg attributed the revenue guide shortfall to memory supply constraints and March seasonality.
• He said memory tightness is unprecedented and cited strength in SanDisk and Micron.
• The host noted Intel had rallied nearly 50% into earnings and questioned valuation and recovery execution.