# Intel lost $10.8bn before tax and still recorded $29m of income tax

![Intel lost $10.8bn before tax and still recorded $29m of income tax](https://aiswingx.com/static/covers/intc-tax-shield-2026q2_cover.jpg?v=1790278775)

**2026 Q2 10-Q: the loss buys no tax relief. The company writes in its income tax note that it could not benefit from its current-year domestic loss**

Intel (INTC) reported pre-tax income of $(10,819)m for the second quarter of 2026. Income tax for the same quarter was not a benefit but a charge of $29m. The effective rate was −0.3%.

- 종목: INTC (Intel Corporation)
- 분기: 2026Q2 · 10-Q
- 작성: 2026-09-24 19:39 UTC · 업데이트: 2026-09-24 20:31 UTC
- 원문: https://aiswingx.com/p/intc-tax-shield-2026q2

## 숫자 하나
2026 Q2 pre-tax income $(10,819)m, income tax a charge of $29m rather than a benefit, an effective rate of −0.3%, against operating income of +$1,796m.

## 비유 하나
(구독자 전용)

## 출처 하나
Intel Corporation Form 10-Q (2026 second quarter, accession 0000050863-26-000157): consolidated statements of operations, balance sheet and cash flows; note 7 income taxes; note 6 restructuring. Quarterly figures cross-checked against SEC XBRL Company Facts.

## 다음 분기에 볼 것
(구독자 전용)

---

## What happened

Intel (INTC) makes central processors and runs a semiconductor foundry.

In the second quarter of 2026 the statement of operations changes sign twice on the way down.

| Line | 2026 Q2 |
|---|---|
| Operating income | **+$1,796m** |
| Pre-tax income | **$(10,819)m** |
| Income tax expense | **+$29m** |
| Net income | $(11,033)m |

The trading operation made money, the books lost a great deal, and in that losing quarter the company **paid tax.**

---

(End of free preview. What the numbers mean, why it matters, company context, the next-quarter checklist and the arithmetic are available to subscribers — https://aiswingx.com/pricing)

## FAQ

**Q. Why pay tax on a loss?**

The company sets out the reason in its income tax note. The sentence and the amounts are in the subscriber section.

**Q. If operating income was positive, why the net loss?**

What falls away between operating and pre-tax income is tabled in the subscriber section.

**Q. Was it the same a year earlier?**

The prior-year effective rate and the amounts are set beside this quarter's in the subscriber section.

**Q. How far did equity fall?**

Equity and retained earnings at the prior year end and at this quarter end are compared in the subscriber section.

**Q. Where can I check this myself?**

On SEC EDGAR, open Intel Corporation's 2026 second-quarter 10-Q (accession 0000050863-26-000157) and read note 7, income taxes.