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Intel stock drops 14% as manufacturing troubles overshadow earnings beat

Intel's cautious first-quarter outlook and supply issues overshadow a strong Q4, with foundry revenue from next-gen 14A tech delayed until late 2028, analysts say.

Summary
Intel shares plunged 14% Friday after the chipmaker issued lackluster guidance and warned of a supply shortage. During a fourth-quarter earnings call with analysts on Thursday, CEO Lip-Bu Tan said the company wouldn’t be able to meet full demand for its products. He said production efficiency, or yield, is also below his targets.

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CNBC broke the news in United States on Friday, January 23, 2026.
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