[Goldman Sachs: Intel's Q4 Guidance Weak, Maintains Neutral Rating] According to TechFlow Research, Goldman Sachs' earnings quick review on October 29, 2026, indicated that Intel's Q4 revenue guidance is at a median of $15.5 billion, 8.9% lower than the market consensus; adjusted gross margin guidance is 38%, lower than the consensus of 42.5%. Q3 adjusted EPS was $0.52, higher than market expectations. Goldman Sachs believes that server demand, advanced packaging, and process technology progress supported the optimistic expectations before the earnings report, but weak PC business and cautious forward-looking comments will put pressure on near-term earnings forecasts. The report maintains a neutral rating and a 12-month target price of $150, and will continue to monitor OEM customer adoption, server demand and market share, and profit margin recovery.