INTC · 10-Q · 2026Q2 · Full report
Income Tax Rate Changes
INTEL CORP · 2026-07-24 · Importance 54 · Surprise 40 · No source text
Intel's effective tax rate was negative 2.5% in the first half of 2026 versus negative 16.6% in the first half of 2025. The second-quarter effective tax rate was negative 0.3% versus negative 9.2% in the prior-year quarter. First-half loss before taxes increased to $14,765 million from $3,355 million, while net loss increased to $15,129 million from $3,911 million. The tax-rate comparison reflects Intel's significant pre-tax losses and the changing relationship between tax benefits and reported losses.
Key facts
- Our Consolidated Condensed Balance Sheets as of June 27, 2026 and December 27, 2025 contain certain tax receivables of $7.5 billion and $7.6 billion, respectively, within other current assets. source
- INTEL CORP effective tax rate for the three months ended Jun 27, 2026: (0.3)%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | negative | realized | -0.1% | Our Consolidated Condensed Balance Sheets as of June 27, 2026 and December 27, 2025 contain certain tax receivables of $7.5 billion and… |