INTC · 10-Q · 2026Q2 · Full report

Altera Divestiture

INTEL CORP · 2026-07-24 · Importance 65 · Surprise 60 · In source text

Intel completed the sale of Altera on September 12, 2025 for net purchase consideration of $4.3 billion, including $4.8 billion of cash proceeds received in the third quarter of 2025. Intel retained a minority investment in Altera recorded under the equity method, with a carrying value of $3.2 billion at June 27, 2026. Intel recognized revenue from wafer manufacturing services provided to Altera of $ million in the second quarter of 2026 and $ million in the first six months of 2026, while most transition services ended March 28, 2026.

Key facts

• Altera was deconsolidated from INTEL CORP's Consolidated Condensed Financial Statements effective September 12, 2025 following the closing of the sale of 51% of Altera's common stock. source
• We deconsolidated Altera from our Consolidated Condensed Balance Sheets at the September 12, 2025 transaction close date. source
• We completed the divestiture of a portion of Altera on September 12, 2025 for net purchase consideration of $4.3 billion, consisting of $4.8 billion in cash proceeds received within the third quarter of 2025 and other components. source
• The carrying value of our non-marketable equity investment in Altera was $3.2 billion as of June 27, 2026 and December 27, 2025. source
• Revenue from Altera as a customer was $181 million in Q2 2026 and $320 million in YTD 2026. source

Impact estimates