INTC Intel Corporation - Common Stock

NASDAQ · Semiconductors · View on SEC EDGAR ↗
$117.82
Price · May 20, 2026
Fundamentals as of Apr 24, 2026
52W Range
$19–$133
87% of range
Analyst Rating
HOLD
54 analysts
Price Target
$85
P/E (TTM)
-603.3
ROE
-0.25%
Net Profit Margin
-0.51%

INTC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$117.81
Market Cap
$180.78B
P/E (TTM)
-603.3
EPS (TTM)
$-0.06
Revenue (TTM)
$52.85B
Div Yield
0.00%
ROE
-0.25%
Debt/Equity
0.4
52W Range
$19 – $133

INTC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $52.85B
10-point trend, -11.0%
2016-12-31 → 2025-12-27
EPS $-0.06
10-point trend, -102.8%
2016-12-31 → 2025-12-27
Free Cash Flow $-4.95B
10-point trend, -140.6%
2016-12-31 → 2025-12-27
Margins -0.51%
10-point trend, -42.9%
2016-12-31 → 2025-12-27

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
INTC
Peer Median
P/E (TTM)
5-point trend, -5814.7%
-603.3
33.1
P/S (TTM)
5-point trend, +29.4%
3.4
9.2
P/B
5-point trend, -27.7%
1.6
5.5
EV / EBITDA
4-point trend, -747.9%
-96.3
—
Price / FCF
5-point trend, -296.9%
-36.5
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
INTC
Peer Median
Gross Margin
5-point trend, -37.3%
34.8%
54.6%
Operating Margin
5-point trend, -117.0%
-4.2%
—
Net Profit Margin
5-point trend, -102.0%
-0.51%
25.6%
ROA
5-point trend, -101.1%
-0.13%
11.1%
ROE
5-point trend, -101.2%
-0.25%
19.9%
ROIC
5-point trend, -100.1%
-0.02%
—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
INTC
Peer Median
Debt / Equity
5-point trend, +2.0%
0.4
31.8
Current Ratio
5-point trend, -4.0%
2.0
2.4
Quick Ratio
5-point trend, +66.5%
0.6
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
INTC
Peer Median
Revenue YoY
5-point trend, -33.1%
-0.47%
—
Revenue CAGR 3Y
5-point trend, -33.1%
-5.7%
—
Revenue CAGR 5Y
5-point trend, -33.1%
-7.5%
—
EPS YoY
5-point trend, -101.2%
-79.4%
—
Net Income YoY
5-point trend, -101.3%
-78.9%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
INTC
Peer Median
EPS (Diluted)
5-point trend, -101.2%
$-0.06
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
INTC
Peer Median
Payout Ratio
5-point trend, -100.0%
0.00%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.00%
Payout Ratio
0.00%
5Y Div CAGR
—
Ex-dateAmount
Aug. 7, 2024$0.1250
May 6, 2024$0.1250
Feb. 6, 2024$0.1250
Nov. 6, 2023$0.1250
Aug. 4, 2023$0.1250
May 4, 2023$0.1250
Feb. 6, 2023$0.3650
Nov. 4, 2022$0.3650
Aug. 4, 2022$0.3650
May 5, 2022$0.3650
Feb. 4, 2022$0.3650
Nov. 4, 2021$0.3480
Aug. 5, 2021$0.3480
May 6, 2021$0.3480
Feb. 4, 2021$0.3480
Nov. 5, 2020$0.3300
Aug. 6, 2020$0.3300
May 6, 2020$0.3300
Feb. 6, 2020$0.3300
Nov. 6, 2019$0.3150

INTC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

HOLD 54 analysts
  • Strong Buy 4 7.4%
  • Buy 14 25.9%
  • Hold 33 61.1%
  • Sell 3 5.6%
  • Strong Sell 0 0.0%

12-Month Price Target

42 analysts · 2026-05-16
Median target $84.00 -28.7%
Mean target $85.00 -27.8%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.15%
Period EPS Actual EPS Est Surprise
March 31, 2026 $0.29 $0.01 0.28%
Dec. 31, 2025 $0.15 $0.08 0.07%
Sept. 30, 2025 $0.23 $0.01 0.22%
June 30, 2025 $0.10 $0.01 0.09%
March 31, 2025 $0.13 $0.01 0.12%

Peer Comparison Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
INTC $180.78B -603.3 -0.47% -0.51% -0.25% 34.8%
NVDA $4.57T 38.3 65.5% 55.6% 93.3% 71.1%
AVGO $1.75T 77.5 23.9% 36.2% 30.7% 67.8%
MU $136.88B 16.1 48.9% 22.8% 16.6% 39.8%
AMD — 81.1 34.3% — — —
TXN — 31.8 13.1% 28.3% 30.1% 57.0%
QCOM $181.72B 33.8 13.7% 12.5% 22.7% —
ADI $114.64B 51.3 16.9% 20.6% 6.6% 61.5%
MRVL $68.75B 26.4 42.1% 32.6% 19.3% 51.0%
MPWR $44.15B 70.5 26.4% 22.3% 18.0% 55.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 18
Annual Income Statement data for INTC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, -5.4% $52.85B $53.10B $54.23B $63.05B $79.02B $77.87B $71.97B $70.85B $62.76B $59.39B $55.35B $55.87B
Cost of Revenue 12-point trend, +70.2% $34.48B $35.76B $32.52B $36.19B $35.21B $34.26B $29.82B $27.11B $23.66B $23.15B $20.68B $20.26B
Gross Profit 12-point trend, -48.4% $18.38B $17.34B $21.71B $26.87B $43.81B $43.61B $42.14B $43.74B $39.10B $36.23B $34.68B $35.61B
R&D Expense 12-point trend, +19.4% $13.77B $16.55B $16.05B $17.53B $15.19B $13.56B $13.36B $13.54B $13.04B $12.69B $12.13B $11.54B
SG&A Expense 12-point trend, -43.2% $4.62B $5.51B $5.63B $7.00B $6.54B $6.18B $6.35B $6.95B $7.45B $8.38B $7.93B $8.14B
Operating Expenses 12-point trend, +1.6% $20.59B $29.02B $21.62B $24.53B $24.36B $19.93B $20.11B $20.42B $21.05B $23.10B $20.68B $20.26B
Operating Income 12-point trend, -114.4% $-2.21B $-11.68B $93M $2.33B $19.46B $23.68B $22.04B $23.32B $18.05B $13.13B $14.00B $15.35B
Interest Expense 10-point trend, +357.3% · · $878M $496M $597M $629M $489M $468M $646M $733M $337M $192M
Interest Income 12-point trend, +614.2% $1.01B $1.25B $1.33B $589M $144M $272M $483M $438M $441M $222M $124M $141M
Other Non-op 12-point trend, -1067.4% $-416M $15M $172M $1.07B $-29M $-147M $490M $156M $-144M $-192M $108M $43M
Pretax Income 12-point trend, -90.1% $1.56B $-11.21B $762M $7.77B $21.70B $25.08B $24.06B $23.32B $20.35B $12.94B $14.21B $15.80B
Income Tax 12-point trend, -62.6% $1.53B $8.02B $-913M $-249M $1.83B $4.18B $3.01B $2.26B $10.75B $2.62B $2.79B $4.10B
Net Income 12-point trend, -102.3% $-267M $-18.76B $1.69B $8.01B $19.87B $20.90B $21.05B $21.05B $9.60B $10.32B $11.42B $11.70B
EPS (Basic) 12-point trend, -102.5% $-0.06 $-4.38 $0.40 $1.95 $4.89 $4.98 $4.77 $4.57 $2.04 $2.18 $2.41 $2.39
EPS (Diluted) 12-point trend, -102.6% $-0.06 $-4.38 $0.40 $1.94 $4.86 $4.94 $4.71 $4.48 $1.99 $2.12 $2.33 $2.31
Shares (Basic) 12-point trend, -7.6% 4,530,000,000 4,280,000,000 4,190,000,000 4,108,000,000 4,059,000,000 4,199,000,000 4,417,000,000 4,611,000,000 4,701,000,000 4,730,000,000 4,742,000,000 4,901,000,000
Shares (Diluted) 12-point trend, -10.4% 4,530,000,000 4,280,000,000 4,212,000,000 4,123,000,000 4,090,000,000 4,232,000,000 4,473,000,000 4,701,000,000 4,835,000,000 4,875,000,000 4,894,000,000 5,056,000,000
EBITDA 12-point trend, -114.4% $-2.21B $-11.68B $93M $2.33B $19.46B $23.68B $22.04B $23.32B $17.94B $12.87B $14.00B $15.35B
Balance Sheet 24
Annual Balance Sheet data for INTC
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 9-point trend, +457.0% $14.27B $8.25B · · · $5.87B $4.19B $3.02B $3.43B $5.56B $15.31B $2.56B
Receivables 12-point trend, -13.3% $3.84B $3.48B $3.40B $4.13B $9.46B $6.78B $7.66B $6.72B $5.61B $4.69B $4.79B $4.43B
Inventory 12-point trend, +171.9% $11.62B $12.20B $11.13B $13.22B $10.78B $8.43B $8.74B $7.25B $6.98B $5.55B $5.17B $4.27B
Other Current Assets 12-point trend, +258.3% $10.81B $9.59B $3.71B $4.71B $2.13B $2.75B $1.71B $3.16B $2.91B $2.96B $2.98B $3.02B
Current Assets 12-point trend, +129.7% $63.69B $47.32B $43.27B $50.41B $58.56B $47.25B $31.24B $28.79B $29.50B $35.51B $38.32B $27.73B
PP&E (Net) 9-point trend, +143.3% · · · $80.86B $63.24B $56.58B $55.39B $48.98B $41.11B $36.17B $31.86B $33.24B
PP&E (Gross) 9-point trend, +118.6% · · · $174.25B $148.54B $134.23B $128.71B $114.32B $100.39B $90.11B $83.40B $79.71B
Accum. Depreciation 12-point trend, +129.1% $106.46B $102.19B $98.01B $93.39B $85.29B $77.64B $73.32B $65.34B $59.29B $53.93B $51.54B $46.47B
Goodwill 12-point trend, +120.2% $23.91B $24.69B $27.59B $27.59B $26.96B $26.97B $26.28B $24.51B $24.39B $14.10B $11.33B $10.86B
Intangibles 12-point trend, -37.7% $2.77B $3.69B $4.59B $6.02B $7.27B $9.03B $10.83B $11.84B $12.74B $9.49B $3.93B $4.45B
Other Non-current Assets 12-point trend, +9.6% $7.13B $7.47B $13.65B $11.31B $6.07B $5.92B $5.55B $4.42B $3.21B $7.16B $8.16B $6.50B
Total Assets 12-point trend, +130.1% $211.43B $196.49B $191.57B $182.10B $168.41B $153.09B $136.52B $127.96B $123.25B $113.33B $101.46B $91.90B
Accounts Payable 12-point trend, +259.6% $9.88B $12.56B $8.58B $9.60B $5.75B $5.58B $4.13B $3.82B $2.93B $2.48B $2.06B $2.75B
Short-term Debt 8-point trend, -100.0% $0 $0 $0 $3.90B $0 · · · · $4.63B $0 $500M
Current Liabilities 12-point trend, +97.2% $31.57B $35.67B $28.05B $32.16B $27.46B $24.75B $22.31B $16.63B $17.42B $20.30B $15.65B $16.01B
Deferred Tax 12-point trend, -55.3% $1.69B $1.46B $186M $202M $2.67B $3.84B $2.04B $1.67B $3.05B $1.73B $954M $3.77B
Other Non-current Liabilities 12-point trend, +187.0% $9.41B $9.51B $6.58B $8.98B $5.07B $3.61B $2.92B $2.65B $3.79B $3.54B $2.84B $3.28B
Long-term Debt 12-point trend, +253.1% $46.59B $50.01B $49.27B $38.11B $38.10B $36.40B $29.00B $25.86B $26.78B $25.26B $22.71B $13.20B
Total Debt 12-point trend, +240.2% $46.59B $50.01B $49.28B $42.01B $38.11B $36.40B $29.01B $25.86B $26.78B $25.27B $22.64B $13.70B
Retained Earnings 12-point trend, +46.6% $48.98B $49.03B $69.16B $70.41B $68.27B $56.23B $53.52B $50.17B $42.08B $40.75B $37.61B $33.42B
AOCI 12-point trend, -83.0% $113M $-711M $-215M $-562M $-880M $-751M $-1.28B $-974M $862M $106M $60M $666M
Stockholders' Equity 12-point trend, +104.6% $114.28B $99.27B $105.59B $101.42B $95.39B $81.07B $77.50B $74.56B $69.65B $66.23B $61.09B $55.87B
Liabilities + Equity 12-point trend, +130.1% $211.43B $196.49B $191.57B $182.10B $168.41B $153.09B $136.52B $127.96B $123.25B $113.33B $101.46B $91.90B
Shares Outstanding 12-point trend, +5.2% 4,994,000,000 4,330,000,000 4,228,000,000 4,137,000,000 4,070,000,000 4,062,000,000 4,290,000,000 4,516,000,000 4,687,000,000 4,730,000,000 4,725,000,000 4,748,000,000
Cash Flow 18
Annual Cash Flow data for INTC
Metric Trend 202520242023202220212020201920182017201620152014
D&A 5-point trend, -24.5% · · · · · · $200M $200M $177M $294M $265M ·
Stock-based Comp 12-point trend, +112.0% $2.43B $3.41B $3.23B $3.13B $2.04B $1.85B $1.71B $1.55B $1.36B $1.44B $1.30B $1.15B
Deferred Tax 12-point trend, +215.8% $329M $6.07B $-2.01B $-5.16B $-742M $1.77B $522M $-1.61B $1.52B $532M $-918M $-284M
Amort. of Intangibles 12-point trend, -18.8% $949M $1.43B $1.75B $1.91B $1.84B $1.76B $1.62B $1.56B $1.38B $1.52B $890M $1.17B
Restructuring 6-point trend, +140.4% $476M $3.49B $-424M $1.07B $2.63B $198M · · · · · ·
Operating Cash Flow 12-point trend, -52.5% $9.70B $8.29B $11.47B $15.43B $29.46B $35.86B $33.15B $29.43B $22.11B $21.81B $19.02B $20.42B
CapEx 12-point trend, +44.9% $14.65B $23.94B $25.75B $24.84B $18.73B $14.26B $16.21B $15.18B $11.78B $9.62B $7.33B $10.11B
Investing Cash Flow 9-point trend, +6.0% $-14.82B $-18.26B $-24.04B $-10.23B $-24.28B $-21.52B $-14.40B $-11.24B $-15.76B · · ·
Debt Issued 12-point trend, +0.00 $0 $2.98B $11.39B $6.55B $4.97B $10.25B $3.39B $423M $7.72B $2.73B $9.48B $0
Net Debt Issued 12-point trend, -3750000000.00 $-3.75B $687M $10.97B $1.56B $2.47B $5.72B $765M $-2.60B $-364M $1.23B $9.48B $0
Stock Repurchased 10-point trend, -100.0% · · $0 $0 $2.42B $14.23B $13.58B $10.73B $3.62B $2.59B $3.00B $10.79B
Net Stock Activity 10-point trend, +100.0% · · $0 $0 $-2.42B $-14.23B $-13.58B $-10.73B $-3.62B $-2.59B $-3.00B $-10.79B
Dividends Paid 12-point trend, -100.0% $0 $1.60B $3.09B $6.00B $5.64B $5.57B $5.58B $5.54B $5.07B $4.92B $4.56B $4.41B
Financing Cash Flow 9-point trend, +236.7% $11.59B $11.14B $8.51B $1.11B $-6.21B $-12.67B $-17.57B $-18.61B $-8.47B · · ·
Net Change in Cash 12-point trend, +307.6% $6.46B $1.17B $-4.07B $6.32B $-1.04B $1.67B $1.18B $-414M $-2.13B $-9.75B $12.75B $-3.11B
Taxes Paid 12-point trend, -50.4% $2.30B $2.20B $2.62B $4.28B $2.26B $2.44B $2.11B $3.81B $3.82B $877M $3.44B $4.64B
Free Cash Flow 12-point trend, -148.0% $-4.95B $-15.66B $-14.28B $-9.41B $11.26B $21.12B $16.93B $14.25B $10.33B $12.18B $11.69B $10.31B
Levered FCF 10-point trend, -259.4% · · $-16.21B $-9.92B $10.71B $20.60B $16.50B $13.83B $10.03B $11.60B $11.42B $10.17B
Profitability 8
Annual Profitability data for INTC
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 12-point trend, -45.5% 34.8% 32.7% 40.0% 42.6% 55.5% 56.0% 58.6% 61.7% 62.3% 60.9% 62.6% 63.7%
Operating Margin 12-point trend, -115.3% -4.2% -22.0% 0.17% 3.7% 24.6% 30.4% 30.6% 32.9% 28.6% 21.7% 25.3% 27.5%
Net Margin 12-point trend, -102.4% -0.51% -35.3% 3.1% 12.7% 25.1% 26.8% 29.2% 29.7% 15.3% 17.4% 20.6% 20.9%
Pretax Margin 12-point trend, -89.6% 2.9% -21.1% 1.4% 12.3% 27.5% 32.2% 33.4% 32.9% 32.4% 21.8% 25.7% 28.3%
EBITDA Margin 12-point trend, -115.3% -4.2% -22.0% 0.17% 3.7% 24.6% 30.4% 30.6% 32.9% 28.6% 21.7% 25.3% 27.5%
ROA 12-point trend, -101.0% -0.13% -9.7% 0.90% 4.6% 12.4% 14.4% 15.9% 16.8% 8.1% 9.6% 11.7% 12.7%
ROE 12-point trend, -101.2% -0.25% -18.3% 1.6% 7.9% 21.4% 26.9% 27.7% 28.8% 14.2% 16.2% 19.5% 20.5%
ROIC 12-point trend, -100.1% -0.02% -13.4% 0.13% 1.7% 13.3% 16.8% 18.1% 21.0% 8.8% 11.2% 13.4% 16.3%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for INTC
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, +16.5% 2.0 1.3 1.5 1.6 2.1 1.9 1.4 1.7 1.7 1.7 2.6 1.7
Quick Ratio 12-point trend, +31.5% 0.6 0.1 0.1 0.1 0.3 0.3 0.3 0.6 0.5 0.5 1.3 0.4
Debt / Equity 12-point trend, +66.3% 0.4 0.5 0.5 0.4 0.4 0.4 0.4 0.3 0.4 0.4 0.4 0.2
LT Debt / Equity 12-point trend, +78.0% 0.4 0.5 0.4 0.4 0.4 0.4 0.3 0.3 0.4 0.3 0.3 0.2
Interest Coverage 10-point trend, -99.9% · · 0.1 4.7 32.6 37.6 45.1 49.8 27.8 17.6 41.5 79.9
Efficiency 3
Annual Efficiency data for INTC
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -57.3% 0.3 0.3 0.3 0.4 0.5 0.5 0.5 0.6 0.5 0.6 0.6 0.6
Inventory Turnover 12-point trend, -39.7% 2.9 3.1 2.7 3.0 3.7 4.0 3.7 3.8 3.8 4.3 4.4 4.8
Receivables Turnover 12-point trend, +3.5% 14.4 15.4 14.4 9.3 9.7 10.8 10.0 11.5 12.2 12.5 12.0 14.0
Per Share 6
Annual Per Share data for INTC
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +94.5% $22.88 $22.93 $24.97 $24.52 $23.44 $19.95 $18.07 $16.51 $14.73 $14.00 $12.93 $11.77
Revenue / Share 12-point trend, +5.6% $11.67 $12.41 $12.87 $15.29 $19.32 $18.40 $16.09 $15.07 $12.98 $12.18 $11.31 $11.05
Cash Flow / Share 12-point trend, -47.0% $2.14 $1.94 $2.72 $3.74 $7.33 $8.36 $7.41 $6.26 $4.57 $4.47 $3.89 $4.04
Cash / Share 6-point trend, +429.6% $2.86 · · · · · · $0.67 $0.73 $1.18 $3.24 $0.54
Dividend / Share 3-point trend, -74.0% · $0 $1 $1 · · · · · · · ·
EPS (TTM) 12-point trend, -102.6% $-0.06 $-4.38 $0.40 $1.94 $4.86 $4.94 $4.71 $4.48 $1.99 $2.12 $2.33 $2.31
Growth Rates 7
Annual Growth Rates data for INTC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -131.5% -0.47% -2.1% -14.0% -20.2% 1.5% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +49.7% -5.7% -12.4% -11.4% · · · · · · · · ·
Revenue CAGR 5Y -7.5% · · · · · · · · · · ·
EPS YoY 3-point trend, -4800.0% · · -79.4% -60.1% -1.6% · · · · · · ·
EPS CAGR 3Y · · -56.7% · · · · · · · · ·
Net Income YoY 3-point trend, -1500.8% · · -78.9% -59.7% -4.9% · · · · · · ·
Net Income CAGR 3Y · · -56.8% · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for INTC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, -5.4% $52.85B $53.10B $54.23B $63.05B $79.02B $77.87B $71.97B $70.85B $62.76B $59.39B $55.35B $55.87B
Net Income TTM 12-point trend, -102.3% $-267M $-18.76B $1.69B $8.01B $19.87B $20.90B $21.05B $21.05B $9.60B $10.32B $11.42B $11.70B
Market Cap 12-point trend, +1.4% $180.78B $87.90B $212.46B $109.34B $208.83B $191.20B $257.74B $211.12B $216.35B $171.56B $165.28B $178.29B
Enterprise Value 6-point trend, +12.5% $213.10B · · · · · · $233.96B $239.69B $191.26B $172.61B $189.42B
P/E 12-point trend, -3811.6% -603.3 -4.6 125.6 13.6 10.6 9.5 12.8 10.4 23.2 17.1 15.0 16.3
P/S 12-point trend, +7.2% 3.4 1.7 3.9 1.7 2.6 2.5 3.6 3.0 3.4 2.9 3.0 3.2
P/B 12-point trend, -50.4% 1.6 0.9 2.0 1.1 2.2 2.4 3.3 2.8 3.1 2.6 2.7 3.2
P / Tangible Book 6-point trend, -51.3% 2.1 1.2 2.9 1.6 3.4 4.2 · · · · · ·
P / Cash Flow 12-point trend, +113.5% 18.6 10.6 18.5 7.1 7.0 5.4 7.8 7.2 9.8 7.9 8.7 8.7
P / FCF 12-point trend, -311.3% -36.5 -5.6 -14.9 -11.6 18.5 9.1 15.2 14.8 20.9 14.1 14.1 17.3
EV / EBITDA 6-point trend, -879.8% -96.3 · · · · · · 10.0 13.4 14.9 12.3 12.3
EV / FCF 6-point trend, -334.4% -43.1 · · · · · · 16.4 23.2 15.7 14.8 18.4
EV / Revenue 6-point trend, +18.9% 4.0 · · · · · · 3.3 3.8 3.2 3.1 3.4
Dividend Yield 12-point trend, -100.0% 0.00% 1.8% 1.5% 5.5% 2.7% 2.9% 2.2% 2.6% 2.3% 2.9% 2.8% 2.5%
Earnings Yield 12-point trend, -102.8% -0.17% -21.6% 0.80% 7.3% 9.5% 10.5% 7.8% 9.6% 4.3% 5.9% 6.7% 6.2%
Payout Ratio 12-point trend, -100.0% 0.00% -8.5% 182.8% 74.8% 28.4% 26.6% 26.5% 26.3% 52.8% 47.7% 39.9% 37.7%
Annual Payout 12-point trend, -100.0% $0 $1.60B $3.09B $6.00B $5.64B $5.57B $5.58B $5.54B $5.07B $4.92B $4.56B $4.41B

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-272024-12-282023-12-302022-12-312021-12-25
Revenue $52.85B$53.10B$54.23B$63.05B$79.02B
Gross Margin % 34.8%32.7%40.0%42.6%55.5%
Operating Margin % -4.2%-22.0%0.17%3.7%24.6%
Net Income $-267M$-18.76B$1.69B$8.01B$19.87B
Diluted EPS $-0.06$-4.38$0.40$1.94$4.86
Balance Sheet
2025-12-272024-12-282023-12-302022-12-312021-12-25
Debt / Equity 0.40.50.50.40.4
Current Ratio 2.01.31.51.62.1
Quick Ratio 0.60.10.10.10.3
Cash Flow
2025-12-272024-12-282023-12-302022-12-312021-12-25
Free Cash Flow $-4.95B$-15.66B$-14.28B$-9.41B$11.26B

INTC AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects

Round 1 — Opening Takes

Grok NEUTRAL 0.65
↑ Bullish

I see Intel's turnaround finally gaining real traction, with cost discipline and AI tailwinds potentially reigniting growth by 2026Q2. Gross margin has climbed to 35.58%, proving foundry investments are starting to pay off through better pricing in data centers. Debt-to-equity has dropped to 43.76, freeing up balance sheet flexibility for R&D without dilution risk. Bernstein nearly doubled their price target to $60 on April 16, betting on data center momentum that could drive shares well above recent $23 levels.

↓ Bearish

Intel remains a perennial laggard, trading at absurd multiples despite profitability that's still a rounding error versus explosive peers. A trailing P/E of 889 prices in perfection that Intel's track record doesn't support, especially after years of losses. ROE sits at just 0.2%, a fraction of Nvidia's 104% that underscores Intel's weak capital efficiency in the AI race. Net margin of 0.37% means the company is barely profitable, vulnerable to any chip cycle downturn.

Claude NEUTRAL 0.42
↑ Bullish

Intel's turnaround is real if data center demand holds and execution delivers. The company is clawing back gross margin — it's now 35.58%, up from 29.76% just two quarters ago. That improvement signals pricing power is returning as customers accept Intel's new process nodes. Bernstein doubled their price target to $60 on April 16, citing data center momentum. If Intel can sustain 35%+ gross margins and convert that into actual earnings, the stock at $23 is a bargain on a normalized multiple.

↓ Bearish

Intel's profitability is a mirage built on accounting, not cash. The P/E of 889 is not a typo — it reflects earnings of just $0.0106 per share against a $23 stock price. Net margin is 0.37%, meaning the company is barely profitable on an operational basis. Debt-to-equity of 43.76 is crushing; the company is borrowing heavily to fund turnaround capex while generating almost no profit. Until earnings actually grow, not just margin percentages, this is a value trap dressed up as a recovery story.

Gemini NEUTRAL 0.60
↑ Bullish

The bullish argument rests on the potential for a massive operational turnaround as Intel finally begins to stabilize its margins. The company has clawed back to a 35.58% gross margin, which suggests that their manufacturing efficiencies are starting to catch up to the heavy capital investments they have made. Furthermore, Bernstein’s recent price target hike to $60 indicates that institutional analysts are seeing real momentum in the data center business. With a current ratio of 1.60, Intel has enough short-term liquidity to fund its heavy R&D cycle without needing to tap the debt markets aggressively.

↓ Bearish

The bearish case is that Intel is currently an earnings-less entity masquerading as a growth stock. The company is trading at a staggering 888.95 times trailing earnings, which means investors are paying an astronomical premium for profits that have yet to materialize in any meaningful way. Its return on equity sits at a meager 0.2%, showing that the company is barely generating any return on the capital shareholders have provided. When you compare this to Nvidia’s 103.82% ROE, it becomes clear that Intel is still struggling to convert its massive scale into actual shareholder value.

Chatgpt NEUTRAL 0.42
↑ Bullish

I think the strongest bullish case is that Intel's AI/data-center turnaround is gaining traction, supported by investor momentum and improving liquidity. Momentum: INTC is up about 70% year-to-date. That pace signals growing conviction the recovery storyline could persist. Gross margin: 35.58% TTM. That margin resilience suggests profits could expand if data-center demand sustains growth. Current ratio: 1.60. That liquidity level supports capex and manufacturing ramp without immediate funding distress.

↓ Bearish

I think the strongest bearish case is that the stock is priced for a turnaround that may not materialize, while fundamentals stay weak. Valuation: P/E 888.95. That extreme multiple means the market is pricing in years of outsized profits and leaves little cushion for a miss. Profitability: Net margin 0.37%. That shows profits are razor-thin, so a modest revenue headwind or margin compression would hurt earnings. Sentiment: Analyst downgrade on 2026-04-14. That signals skepticism and could push multiple lower if momentum fades.

Round 2 — Responses & Rebuttals

Grok

Claude, I disagree that Intel's debt-to-equity of 43.76 is crushing the turnaround — it's actually down from 51.85 two quarters ago in 2025Q3. That deleveraging reduces interest burdens and frees up cash for AI foundry investments without forcing dilution. With current ratio now at 1.60, above the 1.0 threshold, liquidity supports executing on data center momentum Bernstein highlighted April 16, making this less of a trap than you suggest.

Claude

Grok, I need to push back on your claim that debt-to-equity dropped to 43.76 and that's freeing up balance sheet flexibility. That number is still catastrophic for a company generating 0.37% net margin. You're reading the direction of change — down from 51.8 in Q3 — as a positive signal, but the absolute level tells a different story. Intel is carrying $43.76 in debt for every dollar of equity while barely turning a profit. That's not flexibility; that's a ticking clock. The company isn't deleveraging because operations improved — it's deleveraging because market cap recovered on sentiment. The moment data center demand softens, that ratio snaps back up and capex becomes a noose.

Gemini

Grok, your point about the debt-to-equity ratio ignores the structural reality of Intel's capital-intensive foundry model. While you noted the drop to 43.76, that ratio is still dangerously high for a company with such thin margins. It means Intel is carrying an immense interest burden relative to its actual earnings power, which drastically limits its ability to pivot if the AI cycle cools. I disagree that this signals flexibility; instead, it indicates that a massive portion of future cash flow is already spoken for by debt service requirements.

Chatgpt

Claude, your point about profitability being a mirage misses that gross margin improvement is real and could start to flow into earnings if data-center demand holds. Gross margin is 35.58% TTM. That margin suggests Intel is finally squeezing pricing and efficiency gains from its AI/data-center push, which could translate into better profits if the demand tailwind persists. But even with margin gains, net profitability remains elusive, so any slowdown in data-center spending or higher-than-expected capex could cap upside.

Round 3 — Final Rebuttals

G
Grok

Claude, your claim that Intel's deleveraging happened because market cap recovered on sentiment is off-base — debt-to-equity uses book equity from the balance sheet, not market value. Market cap actually dropped from $206 billion in 2025Q4 to $176 billion in 2026Q1, yet D/E held steady at 43.76 after falling from 51.85 in Q3 when market cap was just $104 billion. The real progress traces to operational cash flows trimming debt, bolstering the turnaround case for 2026Q2 without the dilution risk Gemini flags.

C
Claude

I want to widen the frame here, because we're all circling the same balance-sheet math and missing something critical: customer concentration. Intel's data center revenue is heavily dependent on hyperscalers — Amazon, Google, Microsoft — who are now designing their own chips and diversifying away from x86. If those three customers represent 40%+ of Intel's data center revenue, and they're cutting orders to ramp internal silicon, the gross margin recovery we're celebrating evaporates fast. Bernstein's $60 target assumes data center demand holds, but they're not accounting for the structural shift in customer behavior. That's the real risk, not the debt ratio. Grok, Gemini — do either of you have visibility into hyperscaler capex allocation for 2026?

G
Gemini

I want to widen the frame here, because we are ignoring the geopolitical reality that Intel is the only major U.S.-based foundry with the capacity to satisfy the CHIPS Act requirements. The U.S. government is effectively subsidizing Intel’s capital intensity to ensure domestic supply chain security. This represents a massive, non-market tailwind that isn't captured in the current P/E of 888.95. That multiple is essentially a measure of how much the market is betting on this government-backed survival plan. If the U.S. continues to prioritize domestic chip independence, Intel’s valuation floor is likely higher than the fundamentals suggest.

C
Chatgpt

I think we should widen the frame beyond ratios to external catalysts that could move INTC in 2026Q2, Claude, Grok, Gemini. Regulatory and policy shifts matter: US CHIPS Act subsidies and potential export controls on advanced AI semiconductors could tilt data-center demand toward domestic suppliers like Intel. Competitive dynamics: Intel's IDM 2.0 and US/EU capacity ramping challenge AMD's MI300 cadence and Nvidia's AI-datacenter demand, making the timing of deployments a key swing. Macro and positioning: a constructive policy backdrop plus disciplined capex would help re-rate shares if data-center demand holds.

Price Forecasts

Model 3M Target 6M Target Reasoning
G Grok 3M Target $23.00 6M Target $27.00 Reasoning I think Intel grinds higher to $23 in three months and $27 in six as gross margin gains confirm data center traction for 2026Q2. The key catalyst is Intel's Q2 2026 earnings report in late July 2026, where AI CPU revenue beats could validate Bernstein's momentum and spark re-rating. One risk is Microsoft or AWS Q2 earnings in late July revealing reduced Xeon orders amid custom chip ramps, evaporating demand. Gross margin at 35.58% means Intel's foundry costs are competitive again, freeing cash to scale AI without margin erosion.
C Claude 3M Target — 6M Target — Reasoning Intel's turnaround hinges entirely on hyperscaler capex allocation — a binary bet with no middle ground. Gross margin recovery to 35.58% is real, but it masks the core vulnerability: if Amazon, Google, and Microsoft cut Intel orders to ramp custom silicon, data center revenue collapses and the margin gains evaporate. Bernstein's $60 target assumes this doesn't happen; I have no visibility into their 2026 capex plans, and neither does the panel. The P/E of 889 isn't a valuation — it's a confession that earnings are noise. Until Intel reports actual net profit growth or management guides on hyperscaler retention, I cannot forecast price with confidence above coin-flip odds. The catalyst would be a detailed data center revenue guide; the killer is a major customer announcement of custom-silicon ramp. I'm holding my hold.
G Gemini 3M Target $24.50 6M Target $28.00 Reasoning My thesis is that Intel's valuation floor is anchored by its role as a strategic national asset, allowing it to survive the current transition despite thin margins. A decisive 2026Q2 earnings print showing sustained gross margin expansion above 36% would confirm the foundry turnaround, likely driving shares toward my six-month target. Conversely, a significant loss of market share to hyperscalers designing internal silicon would break my thesis by rendering their manufacturing capacity underutilized. Trading at a 3.29 price-to-sales ratio, the stock is priced for a recovery, meaning investors are paying for future revenue growth that must materialize immediately to justify this premium over the company's current, near-zero profitability.
C Chatgpt 3M Target $24.00 6M Target $30.00 Reasoning I think INTC can grind higher over the next 3–6 months if the data-center turnaround holds. Claude, your point about profitability being a mirage remains a risk if margins stall and capex stays elevated. The Q2 2026 earnings print (around August) could confirm momentum and lift sentiment if data-center orders stay resilient. P/E about 889x trailing earnings. That extreme multiple implies investors are pricing in years of profits Intel hasn't generated yet, so any miss could lead to a meaningful re-rate.

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