INTC · 10-Q · 2026Q2 · Full report

Headcount / Restructuring

INTEL CORP · 2026-07-24 · Importance 89 · Surprise 82 · In source text

Intel recorded $1,890 million of restructuring and other charges in the second quarter of 2026 and $2,046 million in the first six months, compared with $4,240 million and $3,967 million, respectively, in the prior-year periods. The 2025 Restructuring Plan is intended to lower expenses, reduce management layers, and reallocate resources toward core client and server businesses. The expected cumulative cost of the 2025 plan was $2.2 billion as of June 27, 2026, with the remaining actions expected to be completed in 2026. Intel has incurred approximately $3.2 billion under the 2024 Restructuring Plan, which is also expected to be completed in 2026; first-half 2026 asset impairment charges included a $3.9 billion non-cash goodwill impairment.

Key facts

• INTEL CORP total expected and cumulative cost of the 2025 Restructuring Plan as of Jun 27, 2026: $2.2 billion. source
• INTEL CORP restructuring and other charges for the three months ended Jun 27, 2026: $1,890 million. source
• INTEL CORP recognized $3,967 million of restructuring and other charges in the first six months of 2026 included as asset impairment charges. source
• Employee severance and benefit arrangement charges included $161 million in Q2 2026 and $235 million in YTD 2026, primarily relating to the 2025 Restructuring Plan, compared to $1.5 billion in Q2 2025 and $1.6 billion in YTD 2025. source

Impact estimates