INTC · 10-Q · 2026Q2 · Full report

Operating Expense Trends

INTEL CORP · 2026-07-24 · Importance 54 · Surprise 40 · No source text

First-half operating expenses increased 13% to $13,196 million from $11,691 million, primarily reflecting restructuring and other charges. Research and development expense decreased 8% to $6,743 million from $7,324 million, while marketing, general, and administrative expense decreased 5% to $2,213 million from $2,321 million. Second-quarter R&D decreased 9% to $3,368 million, and SG&A increased 3% to $1,175 million. Second-quarter operating income improved to $1,796 million from a $3,176 million loss, despite the year-to-date operating loss remaining $1,340 million.

Key facts

• INTEL CORP's consolidated operating income was $1,796 million (11.1% of net revenue) in Q2 2026 versus an operating loss of $(3,176) million (‑24.7%) in Q2 2025. source
• Q2 2026 R&D expense decreased by $316 million, or 9%, from Q2 2025, and YTD 2026 R&D expense decreased by $581 million, or 8%, from YTD 2025, primarily driven by lower payroll-related expenditures from headcount reductions under the 2025 Restructuring Plan and deconsolidation of Altera. source
• Total R&D and MG&A expenses were $4.5 billion for Q2 2026 (down 6% from Q2 2025) and $9.0 billion for YTD 2026 (down 7% from YTD 2025). source
• Q2 2026 MG&A expenses increased by $31 million, or 3%, from Q2 2025, primarily due to higher share-based compensation, partially offset by lower payroll-related expenditures from headcount reductions and Altera deconsolidation. source
• INTEL CORP research and development expense for the three months ended Jun 27, 2026: $3,368 million. source
• INTEL CORP operating expenses for the three months ended Jun 27, 2026: $4,713 million. source
• INTEL CORP marketing, general, and administrative expense for the three months ended Jun 27, 2026: $1,175 million. source

Impact estimates