Intel Five-Year CDS Spread Reaches 123.5 Basis Points

Intel’s five-year credit default swap (CDS) spread reached 123.5 basis points on Oct. 30.

A CDS transfers credit exposure between parties. Its spread measures the cost of protection and is quoted in basis points; one basis point equals one-hundredth of a percentage point. A wider spread means protection costs more, but does not establish that a borrower will default.

Intel reported third-quarter 2026 revenue of $16.5 billion, up 21% from a year earlier, and forecast fourth-quarter 2026 revenue of $15 billion to $16 billion.