Intel to Offer $15 Billion of Common Stock

By Nicholas Hatcher

Intel shares fell 4% in premarket trading Monday after the company announced it would offer $15 billion in common stock.

The chip maker cited strong customer demand "driven by unprecedented investment in AI compute." Intel said it would use proceeds from the offering for general purposes, including capital expenditures and working capital.

In its July earnings release, Intel raised its forecast for capital expenditures for this year to more than $20 billion, up from $18 billion previously. The company said next year's capex will be "significantly above" this year's level. Executives said the higher spending was a sign of their confidence in future sales.

Intel reported sales of $16.1 billion in its most recent quarter, up 25% from the year-earlier period and beating analyst estimates by 11%.

The artificial-intelligence revolution has begun to benefit Intel because the next wave to AI technology-AI agents completing tasks for users-relies on the central processing units, or CPUs, that are the company's specialty.

Intel is one of the few American companies that operates chip-fabrication plants, a strategically important business that the Trump administration has sought to build up to reduce American dependence on Asian chip makers. The U.S. took a 10% stake in the company as part of the effort.

As part of its stock offering, Intel expects to grant the underwriters a 30-day option to purchase up to $2.25 billion of additional shares.

Write to Nicholas Hatcher at nicholas.hatcher@wsj.com

(END) Dow Jones Newswires

August 10, 2026 08:30 ET (12:30 GMT)