Morning Intelligence·Friday, October 30, 2026

Intel is down 25.2% premarket after results show revenue growth slowing to 20.9% but gross margin widening to 43.0%

Gross margin expanded 475 basis points year over year to 43.0%; revenue grew 20.9% year over year, slowing from 25.4% in the prior quarter.

Data through: 8:15 AM ET
Market data as of: 8:15 AM ET
Published: Oct 30, 2026, 8:16 AM ET
By: Blockhaven Research

In this edition

Opening read
Overnight tape
Movers that matter
Earnings radar
Today's catalysts
What we're watching
Blockhaven Macro
Risk and opportunity
Market context
Data note
Sources

Opening read

Intel shares are down 25.2% premarket after the company reported quarterly results after Thursday's close.

Gross margin expanded 475 basis points year over year to 43.0%. Revenue grew 20.9% year over year, slowing from 25.4% in the prior quarter. Net income fell 18.3% while operating income rose 269.3%, so the difference arose below the operating line, in interest, taxes or other non-operating items. The release also mentions an outlook, but this edition could not establish whether it was raised, kept or lowered. It is the largest move on this morning's list. SPY is down 1.1% and QQQ down 2.6% at 8:15 AM ET. The index proxies are lower across the board: SPY down 1.1%, QQQ down 2.6%. The first test is whether Intel stays below Thursday's $92.07 close once regular trading begins.

Overnight / pre-market tape

At 8:15 AM ET, SPY is down 1.1% and QQQ is down 2.6% versus the prior close. The 10-year Treasury yield fell 7 bp to 4.98% on Thursday, the VIX closed Thursday at 17.2, and Bitcoin trades at $77,395 (−3.2% over 24 hours).

Movers that matter

AMZN−6.5% downpremarket
Earnings8:15 AM ET
Amazon
Amazon shares are down 6.5% premarket after the company reported quarterly results after Thursday's close (8-K Item 2.02).[1][2]
Operating margin expanded 423 basis points year over year to 13.9%.
INTC−25.2% downpremarket
Earnings8:15 AM ET
Intel
Intel shares are down 25.2% premarket after the company reported quarterly results after Thursday's close (8-K Item 2.02).[1][2]
RDDT−21.5% downpremarket
Earnings8:15 AM ET
Reddit
Reddit shares are down 21.5% premarket after the company reported quarterly results after Thursday's close (8-K Item 2.02).[1][2]
Operating margin expanded 554 basis points year over year to 29.2%.
MSTR−7.1% downpremarket
Earnings8:15 AM ET
Strategy
Strategy shares are down 7.1% premarket after the company reported quarterly results after Thursday's close (8-K Item 2.02).[1][2]
Revenue fell 2.5% year over year, after growth of 6.9% in the prior quarter.
RBLX−16.2% downpremarket
Earnings8:15 AM ET
Roblox
Roblox shares are down 16.2% premarket after the company reported quarterly results after Thursday's close (8-K Item 2.02).[1][2]
392,696 shares had changed hands premarket by 8:15 AM ET.
COIN−6.0% downpremarket
Earnings8:15 AM ET
Coinbase
Coinbase shares are down 6.0% premarket after the company reported quarterly results after Thursday's close (8-K Item 2.02).[1][2]
Revenue fell 35.0% year over year, a steeper decline than the 18.5% drop in the prior quarter.

Earnings radar

Overnight results

Amazon (AMZN) filed its quarterly results after Thursday's close (8-K Item 2.02).[2]After the close
Strategy (MSTR) reported after Thursday's close. Revenue of $129 million, per the company's release.[2]After the close
Coinbase (COIN) filed its quarterly results after Thursday's close (8-K Item 2.02).[2]After the close
Reddit (RDDT) filed its quarterly results after Thursday's close (8-K Item 2.02). The release also includes an outlook.[2]After the close

Coming today

AstraZeneca (AZN) is listed to report before the open.[3]Before the open
BP p.l.c. (BP) is listed to report before the open.[3]Before the open
Sanofi (SNY) is listed to report before the open.[3]Before the open
Regeneron (REGN) is listed to report before the open.[3]Before the open
General Dynamics (GD) is listed to report before the open.[3]Before the open

Report timing comes from Nasdaq's public earnings calendar and is not company-confirmed; results are cited only when they appear in a company filing.

Today's catalysts

8:30 AM ET
Employment Cost IndexBLS
Compensation growth, a check on wage-driven inflation.

What we're watching at the open

1
Whether Intel stays below Thursday's $92.07 close
Down 25.2% at 8:15 AM ET on 19,383,527 shares, after its filing.
2
Whether Amazon stays below Thursday's $243.79 close
Down 6.5% at 8:15 AM ET on 1,912,872 shares, after its filing.
3
Whether QQQ stays behind SPY after the open
QQQ is 1.5 points behind SPY at 8:15 AM ET. If the gap holds into midday, the move is in technology and growth names rather than the whole market.
4
Whether SPY holds below Thursday's $769.36 close
SPY is down 1.1% at 8:15 AM ET. Holding below the prior close through the session would confirm the premarket direction.

Blockhaven Macro

Regime read: Transition

Blockhaven's read, computed Thursday, Oct 29, 8:20 PM ET, is Transition. Risk Appetite 61 (above its neutral band, up 8 over 5 snapshots); Liquidity 36 (below its neutral band, up 3 over 5 snapshots); Crypto 44 (inside its neutral band, down 2 over 5 snapshots). Its Market Stress and Vol Event Risk engines are elevated.

Appetite is holding up while liquidity backing is thin, which leaves rallies more exposed to a rates or funding shock. The regime read, Risk Appetite, Liquidity, Crypto and the three engines (Market Stress, Upside Expansion and Vol Event Risk) are only partly verified against public data, so treat them as provisional.

Macro read computed Oct 29, 2026, 8:20 PM ET.

Risk and opportunity

Risk

Rates volatility

Blockhaven's Macro read names rates volatility as its main risk. The 10-year yield moved 7 bp on Thursday, to 4.98%, a move of the size this describes.

Market context

Each figure carries its own date and time, and they were not observed simultaneously. Treasury yields are prior-day closes and Bitcoin is a rolling 24-hour reading.

Market figures, each with its own date
Figure	Reading	Dated
SPY, pre-market[1]	$761.19, −1.1%	8:15 AM ET
QQQ, pre-market[1]	$696.92, −2.6%	8:15 AM ET
10-year Treasury yield[5]	4.98%, −7 bp	Thu, Oct 29, 4:00 PM ET
VIX[6]	17.2	Thu, Oct 29, 4:15 PM ET
Bitcoin[7]	$77,395, −3.2%	8:15 AM ET

Data note

Data through 8:15 AM ET. Nasdaq public market data for quotes, SEC EDGAR for company filings, and official Federal Reserve, Treasury, BEA, Census and BLS schedules for events. Blockhaven's Macro read was computed Thursday, Oct 29, 8:20 PM ET.

This edition was compiled and published automatically from public sources under Blockhaven's standing editorial policy. An editor did not review it individually before release.

Condition scores, not probabilities. Thresholds are currently uncalibrated. Historical validation and calibration are in progress, and no hit rates or return claims are published. Macro methodology

Source checks completed Oct 30, 2026, 8:15 AM ET.

Sources

1.
Nasdaq
Nasdaq market activity(opens in a new tab)
Accessed October 30, 2026
2.
U.S. Securities and Exchange Commission
SEC EDGAR company filings(opens in a new tab)
Accessed October 30, 2026
3.
Nasdaq
Nasdaq earnings calendar(opens in a new tab)
Accessed October 30, 2026
4.
U.S. Bureau of Labor Statistics
BLS release schedule(opens in a new tab)
Accessed October 30, 2026
5.
U.S. Department of the Treasury
Daily Treasury interest rate statistics(opens in a new tab)
Accessed October 30, 2026
6.
Cboe Global Markets
Cboe market data(opens in a new tab)
Accessed October 30, 2026
7.
Coinbase
Coinbase markets(opens in a new tab)
Accessed October 30, 2026
8.
Blockhaven
Blockhaven Macro snapshot (public projection)
Accessed October 30, 2026 · Snapshot dated 2026-10-29, methodology 2026.07.23-netliq-weekly.

Corrections and updates

No corrections or updates have been made to this piece.

Blockhaven research is published for information and education. It is not personalized investment advice.