Intel is shifting some Oregon wafer capacity from planned Panther Lake processors to data-center chips, highlighting its supply choices as shares fell 45.3% from Sept. 30 to Oct. 30.
Nasdaq historical data show Intel closed at $120.23 on Sept. 30 and $65.76 on Oct. 30, a 45.3% close-to-close decline. The shares fell 28.58% on Oct. 30.
On the Oct. 29 earnings call, Chief Financial Officer Dave Zinsner said Intel would redirect some Oregon capacity previously planned for Intel 18A wafers for Panther Lake products to Intel 3 production for more data-center wafers. Intel did not quantify the capacity shift.
Intel reported third-quarter revenue of $16.5 billion for the period ended Sept. 26, up 21% from a year earlier. Data Center and AI revenue rose 78% to $7.3 billion, while Client Computing and Physical AI Group revenue fell 5% to $8.1 billion. The company forecast fourth-quarter revenue of $15 billion to $16 billion.
Intel expects fourth-quarter CCPG revenue to fall more than 20% sequentially as customers reduce inventories.
Intel Foundry reported $6.697 billion in third-quarter revenue and an operating loss of $1.853 billion. About $6.3 billion of the revenue came from work for Intel’s own businesses; outside-customer revenue was $411 million. Intel said a nonrecurring foundry contract accounted for most of the outside revenue.
Chief Executive Officer Lip-Bu Tan said Intel was “engaged with a couple of highly strategic customers” for 18A-P, but named no customers or production commitments. The company says further 14A expansion will depend on committed demand for its own products and design wins with outside customers. Intel projected $20 billion in gross capital expenditures for 2026 and said spending would rise strongly in 2027.
