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NASDAQ: INTC Nasdaq Semiconductors Next results ~January 28, 2027

C Fundamentals grade

Intel is a US-listed company in the semiconductors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$21

Valuation models combined (4)

Base case. Range ~$13–$33. Weighted average of 4 models (growth cash-flow model, forward price-to-earnings vs peers, forward price-to-sales vs peers, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Intel valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Intel files

10-Q filed October 30: Intel

Model value −10.2%

Intel's revenue for the twelve months to September 2026 reached $59.9bn, a 12.1% rise on the year before and an acceleration from the 7.5% growth recorded a quarter earlier. Profitability also improved: the free-cash-flow margin climbed to 6.3% from -15.8%, while the operating margin widened to 2.9% from -4.5%. Less encouraging is the diluted share count, which has grown 16.0% year on year, diluting existing holders. Taken together, these shifts lift the fundamentals grade from D to C. Even so, our model value has slipped, falling from $32.71 to $29.38 a share. That figure sits well below the current share price of $92.25, leaving a wide gap between the market's valuation and our own.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Intel stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $57.0bn, up 7.5% on a year earlier, faster than 1.4% a quarter earlier. Free-cash-flow margin rose to 5.0% from -20.6% a year earlier. Operating margin widened to -0.1% from -22.8%. The diluted share count is up 13.1% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 6 financial-health checks. Our revenue-to-maturity cash-flow model value is $10.29 a share, against a share price of $93.21.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

Intel's trailing-twelve-month revenue grew 12.1% year on year, with a free-cash-flow margin of 6.3%. Where it stands out: days sales outstanding of 25 days ranks 6 of 62 semiconductor companies we cover. Where it lags: change in share count of 16.0% ranks 64 of 72 semiconductor companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to 12.1% (+4.6pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 4.6 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 7.4 points on a year ago.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 9.1% over 90 days.

Things to watch

  • Share dilution. Diluted shares rose 16.0% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 84% and a beta of 3.4 against the S&P 500.
  • Below peers: net margin. Net margin of -20.1% ranks 57 of 75 semiconductor companies we cover (median 5.3%).

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$0.52 against an average estimate of $0.40: beat by 30.5%
Revenue
$16.51bn, up 20.9% on a year earlier
Share reaction
-31.2% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
revenue $15.8bn to $16.8bn (third quarter of 2026); EPS attributable to Intel $0.31 (third quarter of 2026)
Next report
January 28, 2027; average EPS estimate $0.45

Intel's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-8.8%
  • 1 week-33.7%
  • 1 month-49.7%
  • This year+62.5%
  • 1 year+50.0%
  • 5 years+29.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$59.9B
Operating margin
2.9%
Net margin
-20.1%
EPS (TTM, diluted)
$-2.36

Growth

Revenue growth
+12.1%
Change in growth rate
+4.6 pts
Share count change
+16.0%

Cash

Free cash flow (TTM)
$3.8B
FCF margin
6.3%
Stock pay % of revenue
3.9%

Earnings

Last results
October 29, 2026
Next results (est.)
January 21, 2027

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Announcement
  4. Insider trade
  5. Results
  6. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Intel valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Intel as an operating company, with every model that fits that kind of business. Cost of equity 13.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.85 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$13 ~$7.9–$17 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$33 ~$31–$57 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$2.1 ~$0.8–$3.8 Left out: out of range vs price (0.04x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$31 ~$30–$92 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$20 ~$16–$26 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$21 ~$13–$33 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Intel with Semiconductors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$27.65$29.61$38.75$40.23$53.00$42.55$47.59$25.49$49.59$20.30$36.20$59.97
Market value$135.3bn$144.4bn$187.4bn$189.1bn$237.1bn$180.1bn$194.6bn$105.1bn$208.9bn$86.9bn$164.0bn$305.4bn
+ Net debt (− = net cash)$9.0bn$24.3bn$25.0bn$24.1bn$24.8bn$30.5bn$33.3bn$30.9bn$43.2bn$42.7bn$33.0bn$28.3bn
Enterprise value$144.3bn$168.7bn$212.3bn$213.3bn$261.9bn$210.6bn$227.9bn$136.0bn$252.1bn$129.6bn$197.0bn$333.7bn
Multiples
Price / sales 2.4x2.4x3.0x2.7x3.3x2.3x2.5x1.7x3.9x1.6x3.1x5.1x
Price / earnings 11.8x14.0x19.5x9.0x11.3x8.6x9.8x13.1x123.7x———
Price / free cash flow 11.6x11.8x18.1x13.3x14.0x8.3x18.2x————81.1x
EV / EBITDA 10.1x12.6x11.6x9.1x11.8x6.2x7.7x10.1x31.7x—23.1x24.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

56 /100

Moderate moat

How hard Intel's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 17.5% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 51.4%, moving by 10.7 percentage points (standard deviation) across 10 years.

  • Durability 6 / 20

    Operating margin has been a median 19.0%; its worst year was -17.5%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 6 of 10 years, at a median 12.6% of revenue.

  • Discipline 9 / 20

    The diluted share count rose 24.3% over five years; stock-based pay has been a median 3.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 28, 2027, after the close. Analysts expect revenue of $16.9bn and EPS of $0.45 (range $0.32 to $0.76) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.54 +268% $63.1bn +20%
Next $2.19 +42% $72.8bn +15%

Next year's EPS estimate has moved +9.1% in 90 days, across 44 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.9% on 90 days ago. In the last 30 days, 0 analysts raised Intel's forecast and 0 cut it.

Consensus EPS forecast Intel, last 90 days
$1.40 $1.60 $1.80 $2.00 $2.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.52 Current fiscal year, 60 days ago: $1.51 Current fiscal year, 30 days ago: $1.52 Current fiscal year, 7 days ago: $1.53 Current fiscal year, Now: $1.54 $1.54 Next fiscal year, 90 days ago: $2.01 Next fiscal year, 60 days ago: $2.04 Next fiscal year, 30 days ago: $2.06 Next fiscal year, 7 days ago: $2.13 Next fiscal year, Now: $2.19 $2.19

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.52$2.01
60 days ago $1.51$2.04
30 days ago $1.52$2.06
7 days ago $1.53$2.13
Now $1.54$2.19

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.40 $0.52 +30.5%
Jun 2026 $0.22 $0.42 +94.6%
Mar 2026 $0.01 $0.29 +2108.7%
Dec 2025 $0.08 $0.15 +81.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 23, 2026
  • Revenue third quarter of 2026 $15.8bn to $16.8bn
    “Forecasting third-quarter 2026 revenue of $15.8 billion to $16.8 billion; expecting third-quarter EPS attributable to Intel of $0.31 and non-GAAP EPS attributable to Intel of $0.38.” source
  • EPS attributable to Intel third quarter of 2026 about $0.31 GAAP
    “Forecasting third-quarter 2026 revenue of $15.8 billion to $16.8 billion; expecting third-quarter EPS attributable to Intel of $0.31 and non-GAAP EPS attributable to Intel of $0.38.” source
  • non-GAAP EPS attributable to Intel third quarter of 2026 about $0.38 Non-GAAP
    “Forecasting third-quarter 2026 revenue of $15.8 billion to $16.8 billion; expecting third-quarter EPS attributable to Intel of $0.31 and non-GAAP EPS attributable to Intel of $0.38.” source
  • Gross margin third quarter of 2026 about 41% GAAP
    “Gross margin 41.0% 42.0%” source
  • Gross margin third quarter of 2026 about 42% Non-GAAP
    “Gross margin 41.0% 42.0%” source
  • GAAP operating expenses Full-Year 2026 about $23bn GAAP
    “GAAP operating expenses $ 23.0” source
Show 3 more items
  • Non-GAAP operating expenses Full-Year 2026 about $16.5bn Non-GAAP
    “Non-GAAP operating expenses $ 16.5” source
  • Tax Rate third quarter of 2026 about 1% GAAP
    “Tax Rate 1% 11%” source
  • Tax Rate third quarter of 2026 about 11% Non-GAAP
    “Tax Rate 1% 11%” source

How earlier guidance turned out

  • Gross margin, third quarter of 2026 guided about 41% Above range: 42.972204%
  • EPS attributable to Intel, third quarter of 2026 guided about $0.31 Above range: $0.60
  • Revenue, third quarter of 2026 guided $15.8bn to $16.8bn Within range: $16.513bn

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

47 analysts, Oct 2026
Buy1430%
Hold3268%
Sell12%

Monthly trend

  1. Oct 2026133247
  2. Sep 2026143249
  3. Aug 2026133248
  4. Jul 2026133148

Counts of recommendations published by analysts covering Intel, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.8%
of tradable shares
Days to cover
1.36
at average volume
Short interest, 1 month
−6%
to October 15, 2026
Held by institutions
63%
of shares
Held by insiders
14.0%
of shares
Employees
85,100
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +50.0%

$39.99 on October 31, 2025 to $59.97

ThenNowEffect
Revenue (last 12 months) $53.1bn $57.0bn +7.5%
P/S multiple 3.3x 5.2x +57.8%
Share count 4331m 4899m −11.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +59.9%

$37.51 on November 3, 2023 to $59.97

ThenNowEffect
Revenue (last 12 months) $54.0bn $57.0bn +5.5%
P/S multiple 2.9x 5.2x +78.4%
Share count 4159m 4899m −15.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
INTC+6%−47%+95%−60%+84%+63%
Industry peers (median)+36%−34%+15%−9%+16%+13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
INTC50%33%75%50%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
INTC−29%−54%−17%−62%−34%−57%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 71% from April 9, 2021 to April 8, 2025. Getting back needed a 242% gain, reached on April 10, 2026, 367 days after the low.

Price behaviour

52-week range
$33.62 – $140.94
From 52-week high
−57.4%
vs 50-day average
−40.3%
vs 200-day average
−31.0%
Volatility (1 year)
84%
Beta vs S&P 500
3.38

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±13.1%
After a week
3 up, 8 down
typical move ±15.4%
After a month
4 up, 7 down
typical move ±18.5%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −31.2% −2.1% — —
July 23, 2026 −10.0% −1.1% −11.2% −12.2%
April 23, 2026 +26.5% +0.4% +44.8% +83.6%
January 22, 2026 −16.9% +0.6% −10.3% −19.6%
October 23, 2025 +3.7% +1.4% +8.8% −6.6%
July 24, 2025 −11.9% +0.5% −15.7% +5.6%
April 24, 2025 −2.6% +2.8% −3.0% −2.6%
January 30, 2025 −1.6% 0.0% −1.9% +15.1%
October 31, 2024 +4.0% −1.5% +17.6% +7.3%
August 1, 2024 −30.1% −3.3% −32.9% −27.8%
April 25, 2024 −7.6% +0.6% −11.6% −10.6%
January 25, 2024 −11.1% +0.4% −11.7% −12.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Intel in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Intel
$52B $54B $56B $58B $60B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $54.2B Revenue (TTM), FY24 Q1: $55.2B Revenue (TTM), FY24 Q2: $55.1B Revenue (TTM), FY24 Q3: $54.2B Revenue (TTM), FY24 Q4: $53.1B Revenue (TTM), FY25 Q1: $53B Revenue (TTM), FY25 Q2: $53.1B Revenue (TTM), FY25 Q3: $53.4B Revenue (TTM), FY25 Q4: $52.9B Revenue (TTM), FY26 Q1: $53.8B Revenue (TTM), FY26 Q2: $57B Revenue (TTM), FY26 Q3: $59.9B $59.9B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $54.2B
FY24 Q1 $55.2B
FY24 Q2 $55.1B
FY24 Q3 $54.2B
FY24 Q4 $53.1B
FY25 Q1 $53B
FY25 Q2 $53.1B
FY25 Q3 $53.4B
FY25 Q4 $52.9B
FY26 Q1 $53.8B
FY26 Q2 $57B
FY26 Q3 $59.9B
Revenue growth, TTM YoY Intel
-20% -10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -14.0% Revenue growth, TTM YoY, FY24 Q1: -2.1% Revenue growth, TTM YoY, FY24 Q2: 2.0% Revenue growth, TTM YoY, FY24 Q3: 2.6% Revenue growth, TTM YoY, FY24 Q4: -2.1% Revenue growth, TTM YoY, FY25 Q1: -4.0% Revenue growth, TTM YoY, FY25 Q2: -3.7% Revenue growth, TTM YoY, FY25 Q3: -1.5% Revenue growth, TTM YoY, FY25 Q4: -0.5% Revenue growth, TTM YoY, FY26 Q1: 1.4% Revenue growth, TTM YoY, FY26 Q2: 7.5% Revenue growth, TTM YoY, FY26 Q3: 12.1% 12.1%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -14.0%
FY24 Q1 -2.1%
FY24 Q2 2.0%
FY24 Q3 2.6%
FY24 Q4 -2.1%
FY25 Q1 -4.0%
FY25 Q2 -3.7%
FY25 Q3 -1.5%
FY25 Q4 -0.5%
FY26 Q1 1.4%
FY26 Q2 7.5%
FY26 Q3 12.1%
Operating margin (TTM) Intel
-30% -20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 0.2% Operating margin (TTM), FY24 Q1: 0.9% Operating margin (TTM), FY24 Q2: -0.8% Operating margin (TTM), FY24 Q3: -17.5% Operating margin (TTM), FY24 Q4: -22.0% Operating margin (TTM), FY25 Q1: -20.6% Operating margin (TTM), FY25 Q2: -22.8% Operating margin (TTM), FY25 Q3: -4.5% Operating margin (TTM), FY25 Q4: -4.2% Operating margin (TTM), FY26 Q1: -9.4% Operating margin (TTM), FY26 Q2: -0.1% Operating margin (TTM), FY26 Q3: 2.9% 2.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 0.2%
FY24 Q1 0.9%
FY24 Q2 -0.8%
FY24 Q3 -17.5%
FY24 Q4 -22.0%
FY25 Q1 -20.6%
FY25 Q2 -22.8%
FY25 Q3 -4.5%
FY25 Q4 -4.2%
FY26 Q1 -9.4%
FY26 Q2 -0.1%
FY26 Q3 2.9%
FCF margin (TTM) Intel
-30% -20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -26.3% FCF margin (TTM), FY24 Q1: -22.2% FCF margin (TTM), FY24 Q2: -22.8% FCF margin (TTM), FY24 Q3: -27.8% FCF margin (TTM), FY24 Q4: -29.5% FCF margin (TTM), FY25 Q1: -24.2% FCF margin (TTM), FY25 Q2: -20.6% FCF margin (TTM), FY25 Q3: -15.8% FCF margin (TTM), FY25 Q4: -9.4% FCF margin (TTM), FY26 Q1: -5.8% FCF margin (TTM), FY26 Q2: 5.0% FCF margin (TTM), FY26 Q3: 6.3% 6.3%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -26.3%
FY24 Q1 -22.2%
FY24 Q2 -22.8%
FY24 Q3 -27.8%
FY24 Q4 -29.5%
FY25 Q1 -24.2%
FY25 Q2 -20.6%
FY25 Q3 -15.8%
FY25 Q4 -9.4%
FY26 Q1 -5.8%
FY26 Q2 5.0%
FY26 Q3 6.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 35.1 43.6 54.0 53.3 52.7 55.9 55.4 59.4 62.8 70.8 72.0 77.9 79.0 63.1 54.2 53.1 52.9 59.9
Gross profit 19.6 28.5 33.8 33.2 31.5 35.6 34.7 36.2 39.1 43.7 42.1 43.6 43.8 26.9 21.7 17.3 18.4 23.9
EBITDA 10.5 20.0 22.6 21.0 19.1 22.7 14.3 13.4 18.2 23.5 22.2 34.2 29.4 13.5 7.9 −1.7 8.5 13.5
Operating income 5.7 15.6 17.5 14.6 12.3 15.3 14.0 13.1 18.1 23.3 22.0 23.7 19.5 2.3 0.1 −11.7 −2.2 1.8
Net income 4.4 11.5 12.9 11.0 9.6 11.7 11.4 10.3 9.6 21.1 21.0 20.9 19.9 8.0 1.7 −18.8 −0.3 −12.0
Diluted EPS $0.77 $2.01 $2.39 $2.13 $1.89 $2.31 $2.33 $2.12 $1.99 $4.48 $4.71 $4.94 $4.86 $1.94 $0.40 −$4.38 −$0.06 −$2.36
Growth (year on year)
Revenue −6.5% +24.2% +23.8% −1.2% −1.2% +6.0% −0.9% +7.3% +5.7% +12.9% +1.6% +8.2% +1.5% −20.2% −14.0% −2.1% −0.5% +12.1%
EBITDA −21.5% +91.2% +13.2% −7.2% −9.1% +19.1% −37.2% −5.9% +35.7% +29.0% −5.4% +53.6% −13.9% −54.2% −41.0% −121.8% — +70.9%
Operating income −36.2% +172.9% +12.1% −16.2% −16.0% +24.9% −8.8% −6.2% +37.4% +29.2% −5.5% +7.5% −17.8% −88.0% −96.0% — — —
Net income −17.4% +162.4% +12.9% −15.0% −12.6% +21.7% −2.4% −9.7% −6.9% +119.3% −0.0% −0.7% −4.9% −59.7% −78.9% <−999% — —
Diluted EPS −16.3% +161.0% +18.9% −10.9% −11.3% +22.2% +0.9% −9.0% −6.1% +125.1% +5.1% +4.9% −1.6% −60.1% −79.4% <−999% — —
Margins
Gross margin 55.7% 65.3% 62.5% 62.1% 59.8% 63.7% 62.6% 61.0% 62.3% 61.7% 58.6% 56.0% 55.4% 42.6% 40.0% 32.7% 34.8% 39.9%
EBITDA margin 29.8% 45.8% 41.9% 39.4% 36.2% 40.7% 25.8% 22.6% 29.0% 33.2% 30.9% 43.9% 37.2% 21.4% 14.6% −3.3% 16.2% 22.5%
Operating margin 16.3% 35.7% 32.4% 27.4% 23.3% 27.5% 25.3% 22.1% 28.8% 32.9% 30.6% 30.4% 24.6% 3.7% 0.2% −22.0% −4.2% 2.9%
Net margin 12.4% 26.3% 24.0% 20.6% 18.3% 20.9% 20.6% 17.4% 15.3% 29.7% 29.2% 26.8% 25.1% 12.7% 3.1% −35.3% −0.5% −20.1%
Free-cash-flow margin 18.9% 26.3% 18.9% 14.7% 19.1% 18.5% 21.1% 20.5% 16.5% 20.1% 23.5% 27.7% 13.6% −14.9% −26.3% −29.5% −9.4% 6.3%
Cash flow
Cash from operations 11.2 16.7 21.0 18.9 20.8 20.4 19.0 21.8 22.1 29.4 33.1 35.9 29.5 15.4 11.5 8.3 9.7 17.5
Capital spending 4.5 5.2 10.8 11.0 10.7 10.1 7.3 9.6 11.8 15.2 16.2 14.3 18.7 24.8 25.8 23.9 14.6 13.7
Free cash flow 6.7 11.5 10.2 7.9 10.1 10.3 11.7 12.2 10.3 14.3 16.9 21.6 10.7 −9.4 −14.3 −15.7 −4.9 3.8
Stock-based pay 0.9 0.9 1.1 1.1 1.1 1.1 1.3 1.4 1.4 1.5 1.7 1.9 2.0 3.1 3.2 3.4 2.4 2.3
Free cash flow after stock pay 5.8 10.6 9.1 6.8 8.9 9.2 10.4 10.7 9.0 12.7 15.2 19.8 8.7 −12.5 −17.5 −19.1 −7.4 1.5
Balance sheet
Cash 4.0 5.5 5.1 8.5 5.7 2.6 15.3 5.6 3.4 3.0 4.2 5.9 4.8 11.1 7.1 8.2 14.3 21.8
Total debt 2.2 2.1 8.7 14.8 14.8 14.8 24.3 29.9 28.4 27.1 29.0 36.4 38.1 42.1 50.3 51.0 47.2 50.1
Net debt (negative = net cash) −1.8 −3.4 3.7 6.3 9.1 12.2 9.0 24.3 25.0 24.1 24.8 30.5 33.3 30.9 43.2 42.7 33.0 28.3
Diluted shares 5,645m 5,696m 5,411m 5,160m 5,097m 5,056m 4,894m 4,875m 4,835m 4,701m 4,473m 4,232m 4,090m 4,123m 4,212m 4,280m 4,530m 5,093m
Returned to shareholders
Dividends 3.1 3.5 4.1 4.4 4.5 4.4 4.6 4.9 5.1 5.5 5.6 5.6 5.6 6.0 3.1 1.6 0.0 —
Buybacks 1.8 1.7 14.3 4.8 2.1 10.8 3.0 2.6 3.6 10.7 13.6 14.2 2.4 0.0 0.0 — — —
Total returned 4.9 5.2 18.5 9.1 6.6 15.2 7.6 7.5 8.7 16.3 19.2 19.8 8.1 6.0 3.1 1.6 0.0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · September 26, 2026
What it owns · $228.6bn
Short-term assets $82.6bnLonger-term assets $146.0bn
What it owes, and who funded it · $152.3bn
Short-term liabilities $37.4bnShareholders' equity $114.9bn
  • Short-term assets cover short-term liabilities $82.6bn of assets due within a year against $37.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $21.8bn of cash against $50.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 44% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 32% to 44% over five years.
  • A year's operating cash flow covers at least 20% of debt $17.5bn of operating cash flow against $50.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.8bn against $1.2bn of interest.

From Intel's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$0
Diluted share count
+16.0%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
R&D spending
22.5%
of revenue
Sales & admin spending
7.4%
of revenue
Days sales outstanding
25 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in semiconductors
Last 12 months unless stated INTC QCOM AMD AVGO TSM MU Median
Revenue, last 12 months $59.9bn $44.1bn $41.3bn $89.1bn $122.4bn $133.2bn $1.1bn
Revenue growth, last 12 months 12.1% 1.9% 39.5% 48.7% 35.8% 256.3% 13.7%
Revenue growth, 3-year average 4.2% 4.5% 23.6% 36.0% — 104.6% 3.9%
Revenue growth, latest quarter 20.9% −4.0% 50.1% 85.5% — 379.3% 20.1%
Gross margin 39.9% 54.2% 53.2% 68.8% 59.9% 80.7% 48.3%
Operating margin 2.9% 23.2% 15.7% 48.0% 50.8% 74.6% 4.8%
Operating margin, 3-year average −6.3% 24.9% 9.0% 37.9% 43.7% 35.3% 4.8%
Net margin −20.1% 21.0% 15.6% 42.9% 44.6% 63.8% 5.3%
Cash from operations / revenue 29.2% 28.1% 24.4% 45.6% 59.7% 67.3% 17.4%
Free-cash-flow margin 6.3% 23.6% 20.3% 44.2% 26.1% 44.3% 9.6%
Free-cash-flow margin, 3-year average −12.4% 28.1% 13.3% 41.9% 22.8% 16.4% 8.5%
Stock pay / revenue 3.9% 7.4% 4.6% 9.5% 0.0% 1.0% 5.8%
Change in share count 16.0% −3.6% 1.1% 0.2% 0.0% 1.6% 0.9%

Median of all 75 companies we cover in semiconductors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

75 semiconductor companies
Measure Company Peer median Rank
Revenue growth Growth 12.1% 13.7% 41 of 75
Change in growth rate Growth +4.6pp +3.7pp 32 of 75
Gross margin Profitability 39.9% 48.3% 45 of 73
Operating margin Profitability 2.9% 4.8% 43 of 75
Net margin Profitability -20.1% 5.3% 57 of 75
Free-cash-flow margin Cash generation 6.3% 9.6% 42 of 75
Stock pay as % of revenue Cash generation 3.9% 6.4% 29 of 74
Long-term debt as % of assets Balance sheet 20.3% 14.0% 30 of 47
Change in share count Balance sheet 16.0% 0.9% 64 of 72
Days sales outstanding Balance sheet 25 days 58 days 6 of 62

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 27, 2025
Geography
Region Revenue Share YoY
United States $15.8B 29.8% ▲ 21.3%
China Including Hong Kong $12.7B 24.0% ▼ 18.3%
Singapore $9.5B 18.0% ▼ 6.4%
Taiwan $7.7B 14.5% ▼ 1.7%
Other Countries $7.2B 13.6% ▲ 9.3%

From Intel's 10-K filed January 23, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$490B
Institutions reporting
3,543
Shares held vs prior quarter
▲ 4.8%
Positions opened / closed
1066 / 112

Top buyers and sellers, Q2 2026: 2,071 institutions bought and 1,270 sold ; the biggest buyer was FMR LLC (+36.9M shares) and the biggest seller Capital World Investors (−24.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $59.5B 426.5M 12.2% ▼ 4.7%
Vanguard Capital Management LLC $39.8B 285.2M 8.1% ▲ 1.1%
State Street Corp $30.3B 216.8M 6.2% ▲ 1.2%
Nvidia Corp $30B 214.8M 6.1% 0.0%
Invesco Ltd. $22B 157.9M 4.5% ▲ 2.6%
Geode Capital Management, LLC $15.4B 110.3M 3.1% ▲ 0.7%
FMR LLC $13.2B 94.4M 2.7% ▲ 64.2%
Vanguard Portfolio Management LLC $12.5B 89.4M 2.5% ▲ 4.6%
Softbank Group Corp. $12.1B 87.0M 2.5% 0.0%
Primecap Management Co $10.5B 75.3M 2.1% ▼ 0.7%
Capital Research Global Investors $10.3B 73.7M 2.1% ▼ 4.6%
Norges Bank $8.6B 61.7M 1.8% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Intel's complete shareholder register. Values are as reported by the filers ; 21 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $10.2M 2 trades by 2 insiders, last 12 months Insider sales History → $7.5M 3 trades by 2 insiders · 0% under pre-set plans
Net ▲ $2.8M net buying
Insider Date Trade Shares Price Value
Tan Lip Bu CEO August 11, 2026 Buy 105,263 $95.00 $10M
Chandrasekaran Nagasubramaniyan EVP, CT & Ops Off, GM Foundry May 29, 2026 Sell 21,024 $118.28 $2.5M
Miller Boise April EVP and Chief Legal Officer May 1, 2026 Sell 40,256 $99.53 $4M
Miller Boise April EVP and Chief Legal Officer February 2, 2026 Sell 20,000 $49.05 $981,000
Zinsner David EVP, CFO January 26, 2026 Buy 5,882 $42.50 $249,985

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 206 trades and filings

In the last 12 months, 5 members of Congress disclosed 5 purchases and 4 sales of Intel shares.

  • Nancy Pelosi(D-CA 11):Purchase (option), $250,001 - $500,000, traded July 24, 2026, filed August 21, 2026
  • Nancy Pelosi(D-CA 11):Purchase, $500,001 - $1,000,000, traded July 24, 2026, filed August 21, 2026
  • Matt Van Epps(R-TN 7):Sale (full), $1,001 - $15,000, traded June 16, 2026, filed June 17, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 21, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 23, 2026
  • April 23, 2026
  • January 22, 2026
  • October 23, 2025
  • July 24, 2025

Recent SEC filings

Data status

When each part of this page on Intel was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Intel in brief

What does Intel do?
Intel is a US-listed company in the semiconductors industry. Its financial year ends in December.
What is Intel's stock ticker?
Intel trades under the ticker INTC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Intel's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Intel reported revenue of $59.9B, 12.1% higher than a year earlier, according to its SEC filings.
What is Intel's free cash flow?
Intel's free-cash-flow margin is 6.3% of revenue over the trailing twelve months, ranking 42 of the 75 semiconductor companies we cover.
Who are Intel's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Intel's market cap?
On November 2, 2026, Intel's market capitalisation was about $305B and net debt of $28.3B. Market figures come from third-party market data and may be delayed.
Does Intel pay a dividend?
Intel reported no dividend payments in its trailing twelve months of filings.
How much debt does Intel have?
Intel's debt-to-equity ratio is 43.6%, from its latest balance sheet (31.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Intel's competitors?
In our Semiconductors peer group, the companies closest to Intel are Qualcomm, Advanced Micro Devices, Broadcom, Taiwan Semiconductor Manufacturing Co LTD and Micron Technology. The side-by-side comparison below sets their revenue, margins and growth against Intel's.
Are insiders buying or selling Intel stock?
Over the last 12 months, Intel's directors and officers reported 2 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Intel's next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Intel announces its own schedule.