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Today is Friday, January 23, 2026.
The Early Bird Index today is 85.40.
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Intel's Painful Supply Shortage
Despite posting better-than-expected financial earnings results on Thursday, Intel $INTC ( ▼ 16.48% ) plunged 11.16% in after-hours trading.
Financials: Intel reported earnings of 15 cents per share in the past quarter and revenue of $13.7 billion. Both were better than expected.
Powering the Story: The company anticipates revenue of $11.7 billion to $12.7 billion in the current quarter, which was lower than expected due to supply shortages.
Quote: “We exceeded Q4 expectations across revenue, gross margin, and EPS even as we navigated industry-wide supply shortages. We expect our available supply to be at its lowest level in Q1 before improving in Q2 and beyond.” - CFO David Zinsner.
Early Bird’s Nest Egg Gains: Intel’s shortage is meaningful and constraining growth; it is most acute in server CPUs and certain client SKUs through at least mid‑2026.
Intel is facing capacity limits on key nodes, which are restricting both data center and client CPU shipments.
Industry‑wide shortages amplify Intel’s own capacity issues.
Final Thoughts: The disappointing financial outlook comes after the stock’s price surged 148% in the past year.
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Notables
Notable Earnings Today: SLB (NYSE: SLB), Webster Financial (NYSE: WBS), Booz Allen Hamilton (NYSE: BAH), Comerica (NYSE: CMA), First Citizens BancShares (Nasdaq: FCNCA).
Notable IPOs Today: SilverBox Corp V (NYSE: SBXE), Legato Merger Corp. IV (NYSE American: LEGO).
Notable Equity Crowdfunding Campaigns Ending Today: N/A.
Notable Economic Events Today: S&P Global Services PMI (9:45 a.m. ET), S&P Global Manufacturing PMI (9:45 a.m. ET), S&P Global Composite PMI (9:45 a.m. ET), Michigan Consumer Expectations / Sentiment (10:00 a.m. ET).
Capital One's $5.15B Deal
Capital One Financial $COF ( ▼ 6.93% ) posted mixed financial earnings results on Thursday, and the stock responded by declining 3.31% in after-hours trading.
Financials: Capital One reported earnings of $3.86 per share in the past quarter, which were lower than expected. Revenue was $15.6 billion, which was better than expected.
Powering the Story: The company also announced Thursday that it was spending $5.15 billion to acquire the fintech startup Brex to deepen its payment capabilities.
Final Thoughts: Capital One’s latest acquisition comes after the company closed its deal to buy Discover last year.
Intuitive Surgical Posts Strong Results
Intuitive Surgical $ISRG ( ▼ 0.07% ) jumped 2.38% in after-hours trading on Thursday after the biotechnology company posted strong financial earnings results.
Financials: Intuitive Surgical reported earnings of $2.53 per share in the past quarter and revenue of $2.87 billion. Both were better than expected.
Final Thoughts: The stock, down 13% in the past year, is trying to turn things around.
Trends to Watch
More Layoffs: Amazon plans thousands more corporate job cuts next week, sources say (Reuters)
Foundational Layer: Ark Invest sees bitcoin and tokenization driving the next phase of digital asset growth (CoinDesk)
Finally Happening: The deal to secure TikTok’s future in the US has finally closed (CNN)
Network Down: Microsoft Outlook Outage Leaves Users Without Email; Tech Company Working On Resolving Issue (Deadline)
Volatile Week: Bitcoin, Ethereum ETFs Shed $1 Billion Amid Trump Waffling on Greenland and Tariffs (Decrypt)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.
