Intel shares fall 6% as Q1 revenue outlook, $600 million quarterly loss unsettle investors

Intel's stock dropped 6% in after-hours trading on January 22, 2026 after the company issued a weaker-than-expected Q1 revenue and profit forecast. The chipmaker reported adjusted Q4 earnings of $0.15 per share on $13.7 billion in revenue, but also disclosed a $600 million net loss and guided Q1 sales to a range of $11.7 billion to $12.7 billion with breakeven adjusted EPS. Investors were also discouraged by stalled progress in attracting major external foundry clients, despite recent backing from Nvidia, SoftBank and the U.S. government.