Intel Lifts 2026 CapEx Outlook, Sees Higher Spending in 2027 -- Market Talk

Intel joins Google parent Alphabet in lifting its capital expenditures outlook for the year, highlighting the heavy costs of the artificial-intelligence infrastructure buildout that have got Wall Street worried. The company said it now expects more than $20 billion in capital expenditures this year, "up significantly versus our expectations entering the year," CFO David Zinsner says on a call with analysts. Intel is also expecting 2027 capital expenditures to be even higher as it rushes to meet customer demand, Zinsner says. Shares of Intel rallied shortly after the bell on a strong 2Q beat, but are now down to more modest gains, up 2.2%. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

July 23, 2026 18:46 ET (22:46 GMT)