Intel Q2 2026: Revenue +25% on premium mix, but net loss widens 278% on $12.5B escrow charge

Filed July 24, 2026 · Period ending June 27, 2026 · Compared to 10-Q Jul 24, 2025 · ~2 min read

Key Changes

• high

  Net loss widened 278% to $11.0B despite operating income swinging positive to $1.8B (from -$3.2B loss). The divergence came from $13.1B in net below-the-line drags, dominated by a $12.5B loss on escrowed shares for the U.S. government (CHIPS Act derivative liability) driven by Intel's stock price increase.

  MD&A: Escrowed shares derivative liability verify on EDGAR →
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  Revenue rose 25.4% to $16.1B on 28% Intel Products growth (DCAI +59%, CCPG +13%), driven by premium product mix and pricing actions. Market demand exceeded available supply due to internal factory capacity constraints and industry-wide shortages of substrates and memory, expected to persist into next year.

  MD&A: Revenue and supply constraints verify on EDGAR →
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  Intel repurchased Apollo's 49% stake in Ireland SCIP for $14.2B in Q2 2026, funded by cash, short-term investments, and a $6.5B term loan (refinanced with senior notes). Total debt rose to $50.5B; cash fell to $29.7B.

  MD&A: Ireland SCIP repurchase verify on EDGAR →