Intel Upsizes Common Stock Offering to $20 Billion, Priced at $95 Per Share

Intel has priced an upsized registered public offering of 210,526,315 shares of common stock at $95 per share, raising the total deal size to $20 billion from an initially announced $15 billion. The offering, announced Monday August 11, also includes a 30-day overallotment option granting underwriters the right to purchase up to an additional 31,578,947 shares at the offering price, which could bring total proceeds to roughly $23 billion. The offering is expected to close on August 12, 2026, subject to customary closing conditions.

The capital raise comes as Intel's stock has surged roughly 175% in 2026 amid accelerating AI demand, and follows the company reporting its fastest revenue growth in nearly 15 years last month, when it also raised its capital expenditures guidance to $20 billion citing strong customer demand.