Earnings$INTC5:53 PM ET

Intel CFO: 2027 free cash flow will not be positive, CapEx to rise from $20B

By BORSA NewsroomPublished Oct 29, 2026, 5:53 PM EDTUpdated Oct 29, 2026, 5:54 PM EDT

Intel CFO Dave Zinsner said 2027 will not see positive free cash flow. CapEx will increase significantly from $20B in 2026 as Intel ramps Intel 3 and 18A nodes and prepares 14A for 2028 production. He targets at least 20% returns on these investments.

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Bearish · 30 of 100

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WHAT WE KNOW

CFO said 2027 will not be positive free cash flow
CapEx to increase significantly from $20B in 2026