SANTA CLARA, California, August 29, 2026, 08:58 (EDT) – Intel shares lost 2.9% as its $20 billion offering started trading under the issue price.
- Intel ended Friday at $89.47, a decline of 2.85%, with 86.17 million shares traded.
- The stock closed 5.8% under Intel’s August offering price of $95.
- Revenue rose 25% in the second quarter; the forecast for the third quarter suggests only slight sequential growth.
Intel Corporation (NASDAQ: INTC) dropped 2.85% on Friday, topping Yahoo Finance’s most-active stocks. Shares finished at $89.47, having reached an intraday peak of $92.21.
The closing price is significant as Intel issued new shares at $95 earlier this month. Investors are currently valuing these shares 5.8% beneath the price at which they were offered.
Trading volume totaled 86.17 million shares, based on Intel’s official market-data page. This amounted to approximately $7.7 billion in turnover at the close.
Intel sold 210.53 million shares, generating approximately $19.7 billion in net proceeds. The size of the offering was raised from $15 billion to $20 billion Intel offering announcement.
The new shares represent around 4.1% of Intel’s diluted share count for the second quarter. Proceeds amount to 7.4 times the company’s quarterly capital spending, helping to support investment requirements but increasing the threshold for per-share returns.
Operational results saw a strong advance. Revenue for the second quarter jumped 25% to $16.1 billion, and GAAP operating margin climbed to 11.1% Intel second-quarter results.
Non-GAAP net income totaled $2.20 billion, equaling $0.42 per share. The company posted an $11.0 billion GAAP loss, attributed to a mark-to-market charge related to escrowed shares.
Revenue from Data Center and AI increased by 59% to reach $6.3 billion. Intel Foundry posted a 31% rise in revenue to $5.8 billion, factoring in internal sales.
For the third quarter, the company forecasts revenue in the range of $15.8 billion to $16.8 billion. The midpoint of $16.3 billion indicates about 1% growth from the prior quarter, and it anticipates posting a GAAP gross margin of 41%.
| Investor measure | Latest figure | Read-through |
|---|---|---|
| Friday close | $89.47; -2.85% | Lags the main index |
| Offering price | $95.00 | Shares 5.8% under debut level |
| Net offering proceeds | About $19.7 billion | Equals 122% of quarterly sales |
| Q2 revenue | $16.1 billion; +25% | Highest increase in over 15 years |
| Q3 revenue midpoint | $16.3 billion | Up roughly 1% quarter-on-quarter |
| Q2 operating cash flow | $7.0 billion | Funds available for investment |
The decline affected the broader sector. Marvell Technology (NASDAQ: MRVL) slid 10.3%, and Nvidia (NASDAQ: NVDA) shed 4.6%. The Nasdaq Composite was down 0.52%.
Intel’s drop outpaced the S&P 500, which fell 0.25%. The offering’s discount indicates that investors are seeking more convincing evidence that a boost in spending will translate into sustained per-share growth.
Risks: Increased AI demand and improved factory yields may accelerate revenue growth beyond forecasts. However, dilution, significant investment and challenges in foundry performance could prevent returns from exceeding Intel’s cost of capital.
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