Yes, but you don't think what is the case? You think they will not miss curent expectations for Q2 revenues? Those current estimates are, per Yahoo, at a midpoint of: $8.97B.
Given that Intel's Q1 midpoint is $8.9B, I think that outlook is unlikely to be met.
I wouldn't be surprised to see $8.8B in Q1 revs, with a midpoint of $8.4B in Q2 guidance (that's only -4.5% from Q1)
That would be over half a Billion light, based on current estimates for Q2.
That'll knock another couple bucks off the stock price.