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Designs and manufactures x86 CPUs for PCs and servers, and is building a contract chip-foundry business.
Designs and manufactures x86 CPUs for PCs and servers, and is building a contract chip-foundry business.
Still earns most of its income from PC and server processors sold to PC makers and data centers, while the foundry unit, which builds chips for outside customers, is a costly turnaround. The US government, Nvidia and SoftBank all took stakes in 2025.
Moat: narrow (scale, installed base, IP / patents). Large installed base of x86 servers/PCs, but has lost process-technology leadership to TSMC and share to AMD.
Headquarters: Santa Clara, California, US · Founded: 1968 · Employees: 85,100
Size Intel (INTC) is a United States Information Technology company (Semiconductors) with a market value of $299B, the 35th largest of 3,117 United States companies the cockpit tracks. Shares closed at $56.28 on 6 Nov 2026.
Performance Over six months the shares fell 55.0%, against -12.7% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 16 in its peer set.
Growth Revenue grew 12.1% over the last twelve months (peer median +33.6%); the operating margin is 10.5% (peer median 35.9%).
Valuation It trades at 39.9× forward earnings against a peer median of 23.5× (3rd most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 46% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is +54 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 11.9 points below its cost of capital (15.3% WACC).
Credit Intel has 40 bonds outstanding ($49.1B), rated BBB by the agencies and trading like BBB- at a weighted spread of 147 bp.
Short interest Short interest is 2.8% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $59.9B | $52.9B | $53.1B | $54.2B | $63.1B |
| Revenue growth | — | 0% | -2% | -14% | — |
| Gross profit | $24.1B | $19.7B | $17.2B | $21.5B | $26.7B |
| EBITDA | $18.9B | $13.1B | $6.67B | $9.63B | $15.4B |
| Net income | -$12.0B | -$267M | -$18.8B | $1.69B | $8.01B |
| Free cash flow | $1.62B | -$7.97B | -$16.8B | -$14.3B | -$9.62B |
| Capital expenditure | $15.9B | $17.7B | $25.1B | $25.8B | $25.1B |
| Total debt | $50.1B | $47.0B | $50.5B | $49.7B | $42.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Intel INTC | $299B | -55% | +12% | 11% | 39.9× | 46.1% |
| Advanced Micro Devices AMD | $733B | -1% | +42% | 18% | 30.0× | 60.9% |
| TSM TSM | $1.78T | -9% | +35% | 58% | 17.1× | 15.4% |
| Nvidia NVDA | $4.50T | -13% | +83% | 65% | 15.5× | 26.3% |
| Arm ARM | $204B | -18% | +25% | 17% | 67.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | INTC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -47.4% | -27.6% | 2nd lowest of 18 |
| 6-month return | -55.0% | -12.7% | lowest of 16 |
| Distance from 52-week high | -60.5% | -49.6% | 3rd lowest of 18 |
| Revenue growth (TTM) | +12.1% | +33.6% | 3rd lowest of 18 |
| Operating margin | 10.5% | 35.9% | 2nd lowest of 18 |
| Forward P/E | 39.9× | 23.5× | 3rd most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 46.1% | 23.5% | 3rd most demanding of 14 |
| Growth delivered (Del g) | -7.5% | +18.5% | lowest of 14 |
| Hurdle (Req g minus delivered) | +53.5 pp | +10.4 pp | most demanding of 14 |
| ROIC minus cost of capital | -11.9 pp | +8.9 pp | 2nd lowest of 18 |
| EV / EBITDA | 16.5× | 26.3× | 4th cheapest of 12 |
| Net debt / EBITDA | -0.2× | 0.0× | 6th least indebted of 13 |
| Bond spread | 147 bp | 77 bp | widest of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Intel INTC | United States | $299B | -55% | +12% | 11% | 39.9× | 46.1% | -7.5% |
| Texas Instruments TXN | United States | $253B | -4% | +20% | 41% | 24.6× | 23.3% | +4.1% |
| CXMT 688825.SS | China | $411B | n/a | +156% | 13% | n/a | n/a | n/a |
| Arm ARM | United States | $204B | -18% | +25% | 17% | 67.7× | n/a | n/a |
| KLA KLAC | United States | $180B | -26% | +16% | 43% | 22.3× | 23.5% | +14.4% |
| Qualcomm QCOM | United States | $177B | -24% | +2% | 24% | 17.0× | 15.9% | +5.1% |
| Analog Devices ADI | United States | $176B | -13% | +34% | 36% | 22.4× | 27.8% | +14.5% |
| Mediatek 2454.TW | Taiwan | $164B | +7% | +6% | 15% | 24.7× | 40.7% | +13.1% |
| ASML ASML.AS | Netherlands | $550B | -6% | +23% | 39% | 31.1× | 28.9% | +18.5% |
| SK hynix 000660.KS | South Korea | $608B | -12% | +220% | 74% | 3.1× | -3.1% | +24.9% |
| Marvell Technology MRVL | United States | $124B | -17% | +31% | 17% | 25.0× | 54.4% | +22.5% |
| Advanced Micro Devices AMD | United States | $733B | -1% | +42% | 18% | 30.0× | 60.9% | +28.8% |
| Micron Technology MU | United States | $781B | -8% | +256% | 75% | 3.9× | 7.1% | +36.9% |
| SamsungElec 005930.KS | South Korea | $886B | -14% | +88% | 46% | 4.0× | -7.2% | +7.1% |
| Kioxia 285A.T | Japan | $88.9B | +139% | +265% | 70% | 2.5× | -3.0% | +18.8% |
| Zhongji Innolight 3308.HK | Hong Kong | $80.7B | n/a | +177% | 41% | 16.7× | 27.6% | +39.3% |
| SMIC 0981.HK | Hong Kong | $76.7B | -41% | +20% | 9% | 32.9× | n/a | n/a |
| Cambricon Technologies 688256.SS | China | $75.7B | -30% | +104% | 33% | 87.3× | n/a | n/a |
Intel has 40 bonds outstanding with $49.1B face value. The agencies rate it BBB; its bonds trade like BBB-. Weighted yield 6.40%, a spread of 147 bp over government bonds.