Goldman Sachs: Intel Q4 guidance weak, maintains Neutral rating

TechFlow News,According to TechFlow Research, Goldman Sachs Group's October 29, 2026 earnings flash report noted that Intel's Q4 revenue guidance midpoint was $15.5 billion, 8.9% below market consensus; adjusted gross margin guidance was 38%, below consensus of 42.5%. Q3 adjusted EPS was $0.52, above market expectations.

Goldman Sachs believes that server demand, advanced packaging, and process progress had supported pre-earnings optimism, but weak PC business and cautious forward-looking commentary will pressure near-term earnings expectations. The report maintains a Neutral rating and a 12-month price target of $150, and continues to track foundry customer adoption, server demand and market share, and margin recovery.

Source: TechFlow