NEW YORK, July 17, 2026, 12:07 p.m. EDT — Intel NASDAQ:INTC shares declined sharply before its earnings, erasing an estimated $79 billion in market value.
- Intel dropped 2.7% to $94.37 by 11:52 a.m. EDT.
- The stock’s loss for the week so far totaled 14.1%, indicating a provisional $79 billion reduction in value.
- Second-quarter earnings will be released following the market close on July 23.
Intel Corporation NASDAQ:INTC slipped 2.7% to $94.37 by late Friday morning, deepening its weekly decline to roughly 14.1%. U.S. markets were open.
An early intraday estimate calculates this week’s market value decline at close to $79 billion, based on Intel’s share count remaining largely stable.
The amount is about 5.5 times the midpoint of Intel’s quarterly revenue outlook. This highlights the scale rather than the valuation. Intel projected second-quarter revenue in the range of $13.8 billion to $14.8 billion.
Intel continued to show gains of around 150% in 2026, while the PHLX Semiconductor Index stayed higher by almost 60%.
The gap remains a concern for investors. Next week’s report is expected to justify a turnaround premium established prior to the selloff.
Intel also posted higher weekly downside compared to its two closest peers.
| Security | Change since July 10 close |
|---|---|
| Intel Corporation NASDAQ:INTC | -14.1% |
| Advanced Micro Devices NASDAQ:AMD | -11.5% |
| Nvidia Corporation NASDAQ:NVDA | -2.9%* |
| PHLX Semiconductor Index | Roughly -11.0% |
Company adjustments are provisional, calculated using prices as of 11:52 a.m. EDT and closing prices from July 10.
The index number is sourced from Reuters’ market report on Friday.
Toni Meadows, head of investments at BRI Wealth Management, stated that chip valuations reflected “near-perfect demand.” This, she said, has made the sector vulnerable following its swift ascent. Reuters
Intel is scheduled to announce its second-quarter earnings following the market close on July 23. In April, the company projected revenue between $13.8 billion and $14.8 billion.
The company projected an adjusted gross margin of 39% and adjusted earnings per share of 20 cents. The adjusted margin in the first quarter was 41%. The two-point decline puts more pressure on margin as the key focus.
Intel announced on Thursday it has broadened its collaboration with Google Cloud, a division of Alphabet NASDAQ:GOOGL. The partnership now includes Gemini agents as well as cloud-based simulations for chip design.
Intel Chief Information Officer Cindy Stoddard stated the tools are expected to provide “greater speed, agility, and efficiency.” The announcement did not disclose financial details. Newsroom
Key risks include softer demand, potential new supply constraints, margin compression, and possible foundry setbacks. A wider AI downturn could outweigh individual company gains.
Currently, Intel is trading like a high-beta semiconductor stock. July 23 will reveal if its operating results match investor expectations.
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