INTC · 10-Q · 2026Q3 · Full report

Substrate Supply Commitments

INTEL CORP · 2026-10-30 · Importance 64 · Surprise 42 · In source text

Intel made $1.2 billion in supplier prepayments during the first nine months of 2026 to secure component supply amid shortages of substrates and other components. After Q3 2026, Intel entered into two agreements to secure future substrate supply. The agreements are expected to accelerate near-term cash outflows, with approximately $3.3 billion of associated commitments expected to be paid by the end of 2027. The arrangements support long-term customer agreements and supply capacity.

Key facts

• After Q3 2026, Intel entered two agreements to secure future substrate supply, with total funding requirements estimated at approximately $5.3 billion to $6.1 billion. source
• Intel estimates approximately $3.3 billion of its future substrate supply agreement commitments will be paid by the end of 2027. source
• Subsequent to Q3 2026, Intel entered into two agreements to secure future substrate supply; approximately $3.3 billion of associated commitments are estimated to be paid by the end of 2027, accelerating near-term cash outflows. source
• Intel is mitigating component constraints by adding manufacturing capacity and securing supplies through long-term agreements, but has very limited ability to mitigate memory constraints. source

Impact estimates