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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.Intel is clearly prioritizing R&D while steadily trimming SG&A — a deliberate shift to fund product and process roadmaps even as selling costs come down. Large, erratic swings in “Restructuring and Other” reflect one‑off items (fab buyout, ramp and restructuring charges) that create quarter-to-quarter OpEx volatility and suppress near‑term free cash flow. Amortization is immaterial. Management’s call that OpEx will be higher this year reinforces that sustained R&D plus ramp/buyout costs, not SG&A, are the main near‑term margin risk despite strong revenue momentum from AI/server demand.
Date | Research and Development | Amortization of Intangibles | Selling, General, and Administrative | Restructuring and Other |
|---|---|---|---|---|
Jun 30, 2026 | $3.37B | $0.00 | $1.18B | $170.00M |
Mar 31, 2026 | $3.38B | $0.00 | $1.04B | $4.07B |
Dec 31, 2025 | $3.22B | $0.00 | $1.17B | -$30.00M |
Sep 30, 2025 | $3.23B | $0.00 | $1.13B | $175.00M |
Jun 30, 2025 | $3.68B | $0.00 | $1.14B | $1.89B |
Mar 31, 2025 | $3.64B | $0.00 | $1.18B | $156.00M |
Dec 31, 2024 | $3.88B | $0.00 | $1.24B | $57.00M |
Sep 30, 2024 | $4.05B | $0.00 | $1.38B | $5.62B |
Jun 30, 2024 | $4.24B | $0.00 | $1.33B | $943.00M |
Mar 31, 2024 | $4.38B | $0.00 | $1.56B | $348.00M |