Robbins LLP is Investigating Allegations that Intel Corporation (INTC) Misled Investors About Demand for Its Products and the Company’s Future Growth Potential

Robbins LLP informs  investors that a class action was filed on behalf of all purchasers of Intel Corporation (NASDAQ: INTC) common stock between July 23, 2026 and October 29, 2026, inclusive (the “Class Period”). Intel is a global designer and manufacturer of semiconductor and other computer component products, such as central processing units and other microprocessors.

Why Was Intel Sued?

According to the complaint, during the Class Period, defendants failed to disclose:

(a) that the slowdown in PC end market sales was having a materially greater negative impact to Intel’s third quarter 2026 Client Computing and Physical AI Group (“CCPG”) results than defendants had disclosed to investors, negatively impacting CCPG margins and causing CCPG segment revenue to shrink by hundreds of millions of dollars sequentially, and that such negative impacts were expected to worsen for the foreseeable future;

(b) that Intel’s OEM and distribution partners were suffering from a massive glut of unwanted PC inventory that they were unable to sell to end consumers because of the rise in PC component prices, lowering demand for Intel’s PC-related products and materially impairing Intel’s ability to offset lower CCPG volumes by imposing higher prices;

(c) that any positive impacts to Intel’s business and financial results resulting from data center construction and other aspects of the AI boom were more than offset by the negative effects on the Company’s business and financial results resulting from the PC market slowdown and the excess inventory buildup described above;

(d) that Intel suffered from substrate supply constraints such that the Company could not meaningfully ramp up production to meet data center CPU demand even if the Company chose to divert production resources because of a slowdown in PC-related sales; and

(e) that, as a result of the above, defendants’ statements regarding Intel’s business, operations, financial results, and ability to capitalize on the boom for AI-related infrastructure spending were materially false and misleading when made, and such statements did not accurately reflect Intel’s then-present business and prospects.

Why Did Intel Stock Drop?

Plaintiff alleges that on October 29, 2026, Intel announced earnings for its third fiscal quarter ending September 26, 2026, revealing a dramatic slowdown in its CCPG segment driven by depressed demand for PC sales. Rather than rising during the quarter, as portrayed by defendants, Intel’s quarterly CCPG revenue came in at $8.1 billion, down 9%, or about $800 million, sequentially. Intel’s Form 10-Q for the quarter later explained that the Company’s “[c]lient revenue (collectively notebook and desktop) was $6.9 billion in Q3 2026, down $424 million from Q3 2025, driven by a 14% decrease in volume due to lower demand and a competitive market environment.”

Intel also revealed it was on track for just $15 billion to $16 billion in total revenue during the fourth quarter, which represented a $1 billion sequential revenue slowdown at the midpoint during Intel’s seasonally best quarter and which fell approximately $1.5 billion below consensus analyst estimates. The release also stated that Intel was on track to achieve only $0.25 non-GAAP earnings per share during the fourth quarter, 44% below consensus analyst estimates of $0.45 per share.

On this news, the price of Intel common stock fell from $92.07 per share on October 29, 2026 to $65.76 per share on October 30, 2026, a nearly 30% decline, representing the largest single-day price decline for Intel common stock in over 50 years.

Who May Be Eligible to Participate in the Intel Corporation Class Action?

The lawsuit seeks to represent investors who purchased or otherwise acquired Intel Corporation common stock between July 23, 2026 and October 29, 2026. Investors who suffered losses during that period may have legal rights under the federal securities laws. Submit a form for information.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.