On July 28, Intel fell 3.09% overnight, trading at $88.79/share, with turnover of $25.84 million. Despite a blowout Q2 report, the stock faced sustained selling pressure as investors weighed aggressive capital spending plans against sector-wide weakness.

On the earnings front, Intel reported Q2 revenue of $16.1 billion, up 25% year-over-year — the strongest quarterly growth in nearly 15 years — while adjusted EPS of $0.42 doubled market expectations. Q3 revenue guidance of $15.8–16.8 billion also significantly exceeded the consensus estimate of $15.1 billion. However, the company raised full-year capital expenditure from $15 billion to $20 billion, with spending projected to climb further to approximately $30 billion in 2027. Adjusted free cash flow remained negative, fueling valuation concerns among investors skeptical of the long-term return profile.

The broader semiconductor sector declined in tandem, with Micron Technology down 3.78%, SK Hynix down 3.78%, AMD down 2.77%, and TSMC down 1.83%, amplifying sector-wide selling pressure on Intel shares.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)