Intel Reports Completion of Altera Majority Sale and Revised FY2025 Guidance

Summary

• Item 2.01: Intel completed the sale of a 51% majority interest in its Altera business to an affiliate of Silver Lake on September 12, 2025, for an equity value of approximately $3.3 billion. • Item 7.01: Intel furnished Regulation FD disclosure, revising its full-year 2025 non-GAAP operating expense target to $16.8 billion (from $17 billion) due to Altera's deconsolidation. Altera's H1 2025 results included $816 million revenue and 55% gross margin. Intel's full-year 2026 operating expense target of $16 billion remains unchanged. • Item 9.01: Exhibit 104 (Cover Page Interactive Data File) was noted.

Why It Matters

Key Quote

“Altera's results as a segment of Intel in the first half of 2025 included gross margin of 55% on revenue of $816 million, with operating expenses of $356 million.”

— From Item 7.01

Filing Details