Intel Books $2.8B Goodwill Impairment, Mobileye Hit
Ticker: INTC · Form: 10-Q · Filed: Apr 25, 2025 · CIK: 50863
| Field | Detail |
|---|---|
| Company | Intel CORP (INTC) |
| Form Type | 10-Q |
| Filed Date | Apr 25, 2025 |
| Risk Level | medium |
| Sentiment | bearish |
Sentiment: bearish
Topics: impairment, goodwill, Mobileye, earnings
TL;DR
Intel took a $2.8B goodwill hit in Q3 2025, mostly from Mobileye. Ouch.
AI Summary
Intel Corp. reported a non-cash goodwill impairment charge of $2.8 billion in the third quarter of 2025. This charge was primarily related to the Mobileye reporting unit, driven by a decline in market capitalization below net asset carrying values. The impairment assessment involved quantitative analysis using income and market approaches.
Why It Matters
This significant impairment charge reflects challenges in valuing certain Intel assets, particularly Mobileye, and could impact future financial reporting and investor perception.
Risk Assessment
Risk Level: medium — A large goodwill impairment charge can signal underlying business challenges or overvaluation of past acquisitions, warranting closer scrutiny.
Key Numbers
- $2.8B — Goodwill Impairment Charge (Recognized in Q3 2025, primarily impacting the Mobileye reporting unit.)
Key Players & Entities
- Intel Corp. (company) — Filer of the 10-Q
- $2.8 billion (dollar_amount) — Goodwill impairment charge
- 2025 (date) — Quarter of impairment charge
- Mobileye (company) — Reporting unit most affected by impairment
FAQ
What was the total goodwill impairment charge recognized by Intel in the third quarter of 2025?
Intel recognized a non-cash goodwill impairment charge of $2.8 billion in the third quarter of 2025.
Which reporting unit was most affected by the goodwill impairment charge?
The Mobileye reporting unit was most affected by the goodwill impairment charge.
What factors led to the need for a quantitative goodwill impairment assessment?
A decline in Intel's market capitalization below the carrying value of its net assets, and a decline in Mobileye's market capitalization below its net asset carrying value, necessitated a quantitative assessment.
What methods were used to measure the fair value of reporting units during the impairment test?
The fair value was measured using either the income approach, the market approach, or a combination of both.
Where was the goodwill impairment charge recorded in Intel's financial statements?
The charge was recorded within 'restructuring and other'.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on April 25, 2025 regarding INTEL CORP (INTC).