---
title: Intel $INTC, is down 10% after-hours after providing weaker than expected guidance in their earnings release
description: "The move lower has erased $20 billion in market cap in just two hours.\nIntel provided Q1 2024 EPS guidance of $0.13, which is well below expectations of $0.34.\nThey are also guiding Q1 2024 revenue of $12.2B-$13.2B, below expectations of $14.2B.\nThe question becomes if this weakness is an Intel issue or an industry-wide issue.\nSource: The Kobeissi Letter"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Intel $INTC, is down 10% after-hours after providing weaker than expected guidance in their earnings release](https://blog.syzgroup.com/syz-the-moment/sgs-under-pressure-on-long-term-swing-support-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1705-abdca56c)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jan 26, 2024, 2:04:29 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/sgs-under-pressure-on-long-term-swing-support-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1705-abdca56c)

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