INTC · 10-Q · 2026Q2 · Full report
Liquidity and Cash Position
INTEL CORP · 2026-07-24 · Importance 59 · Surprise 48 · No source text
Cash and cash equivalents declined to $12,874 million at June 27, 2026 from $14,265 million at December 27, 2025, while short-term investments declined to $16,853 million from $23,151 million. Operating activities generated $8,102 million of cash in the first half of 2026, compared with $2,863 million in the prior-year period, primarily reflecting non-cash restructuring and Escrowed Shares valuation adjustments. First-half partner distributions totaled $14,339 million, including the $14.2 billion Ireland SCIP payment. Total debt increased to $50,537 million, including $1,988 million of short-term debt and $48,549 million of long-term debt, from $46,585 million at year-end 2025.
Key facts
- INTEL CORP funded the repurchase of Apollo's non-controlling equity interest in Ireland SCIP through existing cash and short-term investments and a $6.5 billion term loan, and the term loan was repaid in Q2 2026 using proceeds from the $6.5 billion senior notes issuance. source
- Total cash and short-term investments were $29,727 million as of June 27, 2026 (cash and cash equivalents $12,874 million; short-term investments $16,853 million). source
- INTEL CORP partner contributions during the six months ended Jun 27, 2026: $4,082 million (partner contributions line in financing activities). source
- INTEL CORP reported net cash provided by operating activities of $8,102 million for the six months ended June 27, 2026; net cash used for investing activities of $669 million; and net cash used for financing activities of $8,548 million, resulting in a net decrease in cash, cash equivalents, and restricted cash of $1,115 million. source
- As of June 27, 2026 INTEL CORP had no commercial paper obligations outstanding and no outstanding borrowings on the revolving credit facilities, and under its commercial paper program it is authorized to borrow up to $10.0 billion. source
- INTEL CORP partner distributions during the six months ended Jun 27, 2026: ($14,339) million (partner distributions in financing activities). source
- INTEL CORP short-term investments at Jun 27, 2026: $16,853 million. source
- INTEL CORP total current assets at Jun 27, 2026: $57,213 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | negative | realized | -4.3% | The fair value of our economically hedged marketable debt investments was $13.2 billion as of June 27, 2026 ( $21.8 billion as of December… |
| cash | negative | realized | -4.2% | INTEL CORP reported net cash provided by operating activities of $8,102 million for the six months ended June 27, 2026; net cash used for… |
| cash | positive | realized | +4.0% | INTEL CORP reported net cash provided by operating activities of $8,102 million for the six months ended June 27, 2026; net cash used for… |
| cash | positive | realized | +3.0% | INTEL CORP proceeds from sales of short-term investments during the six months ended Jun 27, 2026: $11,009 million; purchases of… |
| cash | positive | realized | +2.0% | INTEL CORP partner contributions during the six months ended Jun 27, 2026: $4,082 million (partner contributions line in financing… |
| assets | negative | realized | -0.8% | The adjusted cost of our unhedged investments was $8.9 billion as of June 27, 2026 ($10.6 billion as of December 27, 2025). |
| cash | negative | realized | -0.6% | INTEL CORP reported net cash provided by operating activities of $8,102 million for the six months ended June 27, 2026; net cash used for… |
| cash | negative | realized | -0.3% | INTEL CORP reported net cash provided by operating activities of $8,102 million for the six months ended June 27, 2026; net cash used for… |
| assets | positive | realized | +0.1% | Non-marketable equity investments were $8,160 million as of June 27, 2026 and $8,028 million as of December 27, 2025; total equity… |
| assets | negative | realized | -0.1% | Non-marketable equity investments were $8,160 million as of June 27, 2026 and $8,028 million as of December 27, 2025; total equity… |
| assets | unclear | realized | — | The total fair value of marketable debt investments as of June 27, 2026 was $22,163 million. |
| cash | unclear | realized | — | INTEL CORP cash, cash equivalents, and restricted cash, end of period for the six months ended Jun 27, 2026: $13,597 million. |