Intel (INTC) Stock Falls as Company Plans $15 Billion Share Sale
TLDR
- Intel announced a $15 billion public stock offering, causing the stock to drop over 3% in premarket trading.
- The capital raise will fund capital expenditures, working capital, and Intelโs foundry expansion.
- Intel raised its capex forecast from $18 billion to $20 billion in July.
- Tesla is confirmed as a 14A foundry customer, with Apple potentially in the mix after Trump comments.
- JPMorgan, Goldman Sachs, Morgan Stanley, and Citigroup are managing the offering.
Intel (INTC) stock fell more than 3% in premarket trading on Monday after the chipmaker announced a proposed $15 billion underwritten public offering of common stock.
The drop came on dilution concerns, as the offering will increase the total number of outstanding shares. Intel stock has more than doubled in 2026, so the company is cashing in on that rally to fund its next big push.
Intel plans to use the net proceeds for general corporate purposes, capital expenditures, and working capital. The company is in the middle of a costly buildout of its chip contract manufacturing business, known as its foundry unit.
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