INTC · 10-Q · 2026Q3 · Full report
Government Manufacturing Incentives
INTEL CORP · 2026-10-30 · Importance 75 · Surprise 64 · Matches filing data
In the first nine months of 2026, Intel recognized $1.9 billion of incentives attributable to AMIC, compared with $5.1 billion in the first nine months of 2025, a decline of more than 60%. The filing states that these incentives may be refunded in cash to the extent the credits exceed Intel’s outstanding income tax liabilities. The amounts and year-over-year change make the incentives financially material.
Key facts
- Intel recognized $1.9 billion of incentives attributable to AMIC in the first nine months of 2026, compared with $5.1 billion in the first nine months of 2025. source
- Intel recognized $1.925 billion of capital-related government incentives in the nine months ended September 26, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -19.4% | Intel recognized $1.9 billion of incentives attributable to AMIC in the first nine months of 2026, compared with $5.1 billion in the first… |