Sales in the fourth quarter amounted to between 15 and 16 billion dollars. Analysts' average forecast was 17 billion, according to Bloomberg.
Earnings per share will be 25 cents, excluding certain items. Wall Street had expected adjusted earnings of 43 cents per share.
Intel is grappling with a sharp decline in the personal computer market, where manufacturers are struggling with a shortage of semiconductors and rising memory costs.
In addition, Intel's data center segment would have performed better if it had not suffered from a shortage of components, according to the company's CEO, Lip-Bu Tan.
"I'm somewhat disappointed that we haven't been able to meet customer needs," he says, according to Bloomberg.
