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INTC Operating Expenses

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In Q1'26, Intel's operating expenses totaled $4.41B USD, with R&D expenses at $3.38B USD and SG&A expenses at $1.04B USD, marking a slight quarterly increase from Q4'25's $4.39B USD total but continuing the broader downward trajectory in costs. From Q2'23 to Q1'26, overall operating expenses declined from a peak of $5.45B USD in Q1'24 to $4.41B USD, reflecting a consistent cost-control strategy amid fluctuating semiconductor market conditions; R&D expenses, the dominant component, dropped sharply by about 17% year-over-year from Q1'25's $3.64B USD, while SG&A expenses showed steadier reductions, falling 12% over the same period to support margin improvements. This trend highlights Intel's focus on efficiency, with no significant inflection points beyond the initial post-2023 stabilization.