CFO Dave Zinsner said 2027 capital spending is expected to be even higher, signaling a larger multiyear investment plan than Intel had anticipated entering the year.
Intel is increasing its 2026 capital expenditure plan and now expects CapEx to exceed $20 billion, CFO Dave Zinsner said. He also said the company estimates 2027 spending will be even higher, pointing to a bigger investment cycle ahead. Zinsner said the revised 2026 outlook is up significantly from what Intel had expected when it entered the year, indicating the chipmaker is committing more funds to long-term capacity and infrastructure spending.