Shares of Intel (NASDAQ: INTC) fell more than 15% intra-day on Friday after the chipmaker reported a fourth-quarter loss and issued a downbeat outlook for the current quarter.
Intel posted a net loss of $333 million for the final three months of its fiscal year, a deeper loss than Wall Street analysts had expected. The results followed a period in which the company’s shares had nearly doubled, supported by fresh capital injections from major investors including Nvidia, SoftBank, and the U.S. government.
Executives pointed to supply shortages driven by surging data center demand as a key challenge. Chief financial officer David Zinsner described the shortages as an industry-wide issue that could persist well into 2026.
For the first quarter, Intel said it expects a loss of $0.21 per share, underscoring the difficulties facing chief executive Lip-Bu Tan as the company competes in an AI chip market dominated by Nvidia and Advanced Micro Devices. Intel’s foundry business, which manufactures chips for external customers, has also lagged peers such as Taiwan Semiconductor Manufacturing Company.
Investor sentiment was further dampened by a lack of new disclosures. Intel said it would delay providing updates on new foundry customers until later in the year and offered limited information regarding potential buyers for its next-generation 14A manufacturing process technology.
