Intel (INTC) reported R&D of $3.38B in Q1 2026.

How has Intel's R&D changed year-over-year?

Intel's R&D decreased by 7.3% year-over-year, from $3.64B to $3.38B.

What is the long-term trend for Intel's R&D?

Over 4 years (2021 to 2025), Intel's R&D has grown at a -2.4% compound annual growth rate (CAGR), from $15.19B to $13.77B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Intel INTC R&D

R&D at other companies

Advanced Micro DevicesAMD

$2.4B+38.7%

International Business MachinesIBM

$2.17B+11.4%

QualcommQCOM

$2.46B+11.1%

Microchip TechnologyMCHP

$293.8M+15.1%

Lattice SemiconductorLSCC

$50.84M+22.8%

NvidiaNVDA

$6.32B+58.5%

Other financials

Income statement

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Revenue$13.6B+7.2%

Gross profit$5.3B+14.4%

Operating income-$3.1B-942%

Net income-$3.7B-354%

EPS (diluted)-$0.73-284%

Balance sheet

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Cash & equivalents$17.2B+92.8%

Total debt$43.0B-14.2%

Total equity$111.39B+11.7%

Total assets$205.33B+6.8%

Cash flow

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Operating cash flow$1.1B+34.8%

CapEx$3.6B-29.8%

Free cash flow-$2.5B+41.9%

Valuation

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Market cap$667.8B+626%

Enterprise value$693.58B+421%

P/S12.4×+10.7×

Profitability

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Gross margin35.4%+3.8pp

Operating margin-5.2%-2.2pp

Net margin-5.9%-2.7pp

FCF margin-20.6%-1.9pp

Returns & leverage

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Return on equity-3%-1.4pp

Debt / equity0.4×-0.1×

Current ratio2.3×+1.0×

Where this comes from

Reported directly by Intel in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Intel’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Intel's R&D?: Intel (INTC) reported R&D of $3.38B in Q1 2026.
How has Intel's R&D changed year-over-year?: Intel's R&D decreased by 7.3% year-over-year, from $3.64B to $3.38B.
What is the long-term trend for Intel's R&D?: Over 4 years (2021 to 2025), Intel's R&D has grown at a -2.4% compound annual growth rate (CAGR), from $15.19B to $13.77B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.