INTC · 10-Q · 2026Q3 · Full report
Cash Flow and Liquidity
INTEL CORP · 2026-10-30 · Importance 69 · Surprise 64 · From source text
For the nine months ended September 26, 2026, operating cash flow was $13.184 billion, versus $5.409 billion in the comparable 2025 period, an increase of about 144%. Investing activities used $20.259 billion, compared with $8.255 billion in the first nine months of 2025; the increase reflected higher net purchases of short-term investments, Mentee Robotics acquisition costs, lower capital-related government incentives, and the absence of prior-year Altera and NAND divestiture proceeds, partly offset by lower capital expenditures. Financing activities provided $14.761 billion, up from $5.738 billion, primarily due to the $22.6 billion public offering proceeds, term debt issuance, and higher partner contributions. Cash, cash equivalents, and restricted cash increased by $7.686 billion in the first nine months of 2026, compared with a $2.892 billion increase in 2025.
Key facts
- For the nine months ended September 26, 2026, Intel used $20.259 billion of net cash for investing activities, compared with $8.255 billion for the nine months ended September 27, 2025. source
- For the nine months ended September 26, 2026, Intel provided $14.761 billion of net cash from financing activities, compared with $5.738 billion for the nine months ended September 27, 2025. source
- For the nine months ended September 26, 2026, cash, cash equivalents and restricted cash increased by $7.686 billion, compared with a $2.892 billion increase for the nine months ended September 27, 2025. source
- For the nine months ended September 26, 2026, Intel provided $13.184 billion of net cash from operating activities, compared with $5.409 billion for the nine months ended September 27, 2025. source
- In the nine months ended September 26, 2026, Intel generated $13.184 billion in operating cash flow and used $20.259 billion in investing cash flow. source
- In the nine months ended September 26, 2026, Intel had net cash provided by financing activities of $14.761 billion and an increase in cash, cash equivalents, and restricted cash of $7.686 billion. source
- Intel’s cash, cash equivalents, and restricted cash were $22.398 billion at the end of the nine months ended September 26, 2026. source
- Intel received $5.032 billion in partner contributions and made $14.442 billion in partner distributions in the nine months ended September 26, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -8.9% | In the nine months ended September 26, 2026, Intel generated $13.184 billion in operating cash flow and used $20.259 billion in investing… |
| cash | negative | realized | -5.3% | For the nine months ended September 26, 2026, Intel used $20.259 billion of net cash for investing activities, compared with $8.255… |
| cash | positive | realized | +4.0% | For the nine months ended September 26, 2026, Intel provided $14.761 billion of net cash from financing activities, compared with $5.738… |
| cash | positive | realized | +3.4% | For the nine months ended September 26, 2026, Intel provided $13.184 billion of net cash from operating activities, compared with $5.409… |
| cash | positive | realized | +2.1% | For the nine months ended September 26, 2026, cash, cash equivalents and restricted cash increased by $7.686 billion, compared with a… |