Why Is Intel Corp (INTC) Stock Price Down 7.89% Today, July 24? Foundry Cash Burn Overshadows Q2 Beat

Intel shares fell ~8% despite a Q2 revenue and adjusted EPS beat as investors repriced the turnaround around Intel Foundry's capital intensity. A large GAAP loss and deeply negative adjusted free cash flow underscored ongoing cash burn and execution risk, while broader semiconductor de-risking amplified selling. Near-term focus shifts to evidence of narrowing foundry losses, improved cash conversion, and sector breadth stabilization.