Intel CEO Lip-Bu Tan Buys $9.7 Million in Stock

Intel CEO Lip-Bu Tan purchased 150,000 shares of Intel stock on November 2, 2026, through a family trust. The transaction totaled approximately $9.7 million at a weighted average price of $64.73 per share. Filings indicate the investment was not part of a prearranged trading plan and is larger than previous open-market purchases by former company CEOs.

The purchase occurred one trading day after Intel stock plunged 29 percent on October 30. The decline followed company guidance that fourth-quarter non-GAAP earnings per share would fall to $0.25, a significant drop from the $0.52 reported in the third quarter.

Despite the earnings outlook, Intel reported that its data center and AI segment grew 78 percent year-over-year to $7.3 billion in the third quarter. However, company management expects weakness in the PC market to persist through the first half of 2027.