Manufacturing capacity and capex
Q2 2026 gross capex was $2.7B and H1 2026 gross capex was $7.6B. Intel says it is substantially increasing spending on equipment, clean rooms and substrates, and adjusted free cash flow was -$8.4B in Q2.
The numbers
What it is
Intel's fab investment, including clean-room space, equipment and substrates for 18A and later nodes. Intel reports capex as gross additions to property, plant and equipment.
Why it matters to the stock. Capex decides how much 18A and 14A capacity Intel can sell, and it drives free cash flow, which was negative in Q2 2026.
News
Reuters reports SK hynix in talks with Intel on first U.S. memory production; company says nothing decided
Reuters reported on September 16 that SK hynix is in exploratory talks with Intel to make memory chips in the United States, which would be its first U.S.-based memory production.
Intel announces proposed $15 billion common stock offering
Intel announced a proposed underwritten public offering of $15 billion of common stock, with a 30-day underwriter option worth up to $2.25 billion more.
Intel shares rise about 6% premarket after upbeat forecast and higher capex
Intel shares rose about 6% in premarket trading on July 24, 2026, after the company gave a third-quarter revenue forecast above Wall Street estimates, according to Reuters.
Intel commits EUR 5 billion to expand Intel 3 capacity for Xeon 6
Intel announced a 5 billion euro investment to expand manufacturing capacity on Intel 3, which will increase production of Xeon 6 and next-generation Xeon processors.
Intel agrees to buy back Apollo's 49% stake in Ireland Fab 34 venture for $14.2B
Intel agreed to repurchase the 49% stake that Apollo-managed funds held in the joint venture tied to its Fab 34 plant in Ireland, for $14.2 billion.