INTC · 10-K · 2025A · Full report

Market Demand Seasonality

INTEL CORP · 2026-01-23 · Importance 41 · Surprise 48

Historically, Intel’s net revenue has been higher in the second half of the year, accelerating in Q3 and peaking in Q4, a pattern that held in 2023 and 2024. In 2025, the typical seasonal pattern was disrupted by Intel’s Q3 2025 divestiture of Altera. The company notes seasonality can affect comparability across periods and referenced the divestiture as an item that changed the 2025 seasonal revenue profile. Intel continues to report that the historical seasonal pattern is generally directionally consistent prior to the 2025 divestiture event.

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