INTC · 10-Q · 2026Q2

INTEL CORP

Filed 2026-07-24 · Technology · View original filing on EDGAR

Ranked Events

• Headcount / RestructuringImportance 89 · Surprise 82
  Intel recorded $1,890 million of restructuring and other charges in the second quarter of 2026 and $2,046 million in the first six months, compared with $4,240 million and $3,967 million, respectively, in the…
• Manufacturing Capacity and CapitalImportance 77 · Surprise 82
  Intel began high-volume production of its first Intel 18A products at the start of 2026 and entered risk production of Intel 18A-P products in June 2026. During Q2 2026, Intel committed to completing Intel 14A…
• Gross Margin DriversImportance 77 · Surprise 82
  Consolidated gross profit increased 84% to $6.5 billion in Q2 2026 and 44% to $11.9 billion in YTD 2026. Gross margin expanded to 40.4% from 27.5% in Q2 and to 39.9% from 32.2% YTD, primarily because of higher product…
• Market Demand TrendsImportance 75 · Surprise 64
  CCPG revenue increased 7% year over year to $8.877 billion in the second quarter of 2026, while DCAI revenue increased 59% to $6.262 billion. For the first six months, CCPG revenue rose 7% to $16.604 billion and DCAI…
• Ireland SCIP Ownership RepurchaseImportance 71 · Surprise 60
  On April 8, 2026, Intel reacquired Apollo’s minority ownership interest in Ireland SCIP, which operates the Ireland-based Fab 34 wafer fabrication plant, for aggregate cash consideration of $14.2 billion, including…
• U.S. Government CHIPS AgreementImportance 71 · Surprise 60
  Under the U.S. Government Agreement with the Department of Commerce (DOC), Intel released Escrowed Shares upon receiving cash proceeds for performance under the Secure Enclave program during the three and six months…
• Escrowed Shares Valuation LossImportance 71 · Surprise 60
  Intel recognized $12.5 billion of second-quarter 2026 losses and $13.6 billion of first-half losses from changes in the fair value of Escrowed Shares released and remaining in escrow. The loss was recorded in interest…
• Interest Rate and Refinancing ExposureImportance 69 · Surprise 50
  Intel issued $6.5 billion of senior notes in Q2 2026, consisting of maturities from 2031 through 2066 with fixed coupons ranging from 4.65% to 6.20%. The issuance followed settlement of $1.0 billion of notes due May…
• Outstanding IndebtednessImportance 69 · Surprise 50
  Intel settled $1.5 billion of senior notes due February 2026 and amended a $5.0 billion 364-day credit facility into a $3.0 billion three-year facility maturing in January 2029. In the second quarter of 2026, Intel…
• Altera DivestitureImportance 65 · Surprise 60
  Intel completed the sale of Altera on September 12, 2025 for net purchase consideration of $4.3 billion, including $4.8 billion of cash proceeds received in the third quarter of 2025. Intel retained a minority…
• Capital ExpendituresImportance 65 · Surprise 48
  Intel spent $6,192 million on property, plant, and equipment in the first half of 2026, down 29% from $8,733 million in the prior-year period. First-half 2026 property, plant, and equipment acquisitions totaled $3,148…
• Hyperscaler Server DemandImportance 64 · Surprise 56
  DCAI server revenue increased $2.0 billion in Q2 2026 and $2.7 billion year to date, driven primarily by higher server average selling prices and demand. Server ASPs rose 48% in Q2 and 38% year to date, mainly because…
• Patent Infringement LawsuitImportance 64 · Surprise 42
  Since April 2024, EireOg Innovations has filed eleven patent complaints against Intel customers in the Eastern and Western Districts of Texas involving products containing Intel CPUs. Intel is indemnifying AWS, Cisco,…
• VLSI Patent LitigationImportance 64 · Surprise 42
  VLSI has pursued multiple patent infringement actions against Intel in U.S. courts involving processors and FPGA products. The Federal Circuit reversed and remanded one case in April 2026, while other Texas cases…
• Liquidity and Cash PositionImportance 59 · Surprise 48
  Cash and cash equivalents declined to $12,874 million at June 27, 2026 from $14,265 million at December 27, 2025, while short-term investments declined to $16,853 million from $23,151 million. Operating activities…
• Revenue Performance and MixImportance 59 · Surprise 48
  Second-quarter 2026 net revenue increased 25% year over year to $16,128 million from $12,859 million, while first-half revenue increased 16% to $29,705 million from $25,526 million. Second-quarter CCPG revenue rose 13%…
• Sales Arrangements and Order FlexibilityImportance 58 · Surprise 42
  Intel reported $1.2 billion of customer deposits received to secure product supply in future periods as of June 27, 2026. These deposits indicate that customers are providing advance funding or commitments to protect…
• Client Demand and Inventory TrendsImportance 57 · Surprise 48
  CCPG client revenue increased despite notebook and desktop volume declines of 8% in Q2 2026 and 10% year to date, as average selling prices rose 27% and 22%, respectively. Premium products represented a larger share of…
• Income Tax Rate ChangesImportance 54 · Surprise 40
  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…
• Operating Expense TrendsImportance 54 · Surprise 40
  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…

Revenue by Product (in millions)