Intel Shares Drop 5.27%, EPS Forecast Hits $0 and Chair Retires
Intel shares fell 5.27% to $43.10, marking a 6.78% monthly decline while EPS for the upcoming quarter is projected at $0, down 100% year-over-year, and revenue is forecast at $12.26 billion, a 3.24% drop. Board chair Frank Yeary will retire after the May annual meeting and be succeeded by Craig Barratt.
1. Stock Performance and Earnings Outlook
Intel shares closed at $43.10, down 5.27% on the day and 6.78% over the past month, underperforming the S&P 500’s 0.94% decline. Consensus projects EPS at $0 for the upcoming quarter (–100% year-over-year) and revenue of $12.26 billion (–3.24% YoY).
2. Board Chair Retirement and Succession
Board chair Frank Yeary, who joined Intel’s board in 2009 and oversaw four CEO transitions, will retire after the May annual meeting. He will be succeeded by Dr. Craig H. Barratt, a board member since 2025 with leadership roles at Qualcomm and Alphabet’s Google.