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Intel

INTC Nasdaq Semiconductors Financials FY2016–FY2025

Intel's revenue fell 0.5% to $52.9 billion in fiscal 2025. Its operating margin was −4.2%, up from −22.0% a year earlier. Free cash flow was −$4.9 billion. The diluted share count rose 5.8%.

Last close · Oct 23, 2026

$86.96

1.7%
Value it Compare
Revenue Total sales reported in the income statement.
$52.9B
0.5% vs prior year
Operating margin Operating income as a share of revenue.
−4.2%
17.8 pts
Net income Profit after all expenses, interest and tax.
−$267M
Free cash flow Cash from operations minus capital spending.
−$4.9B
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
−0.8%
6.1 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$443.8B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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What Intel does

Intel designs and makes processors, the main chips that run personal computers and the servers in data centers, along with AI chips, networking chips and custom chips. It sells mostly to computer makers, contract manufacturers that build computers for other brands, and cloud computing companies, which put its chips in products used by consumers, businesses and governments. It makes most of its own chips in its own factories.

Revenue was $52.9 billion in 2025. Its products business, made up of chips for PCs (the Client Computing Group) and for data centers and AI, brought in $49.1 billion. Its third segment, Intel Foundry, develops manufacturing processes and makes chips; nearly all of its work is for Intel itself, but it is trying to win outside customers. Its three largest customers made up 43% of revenue. Intel names AMD as its main rival in PC and server chips, Apple, Qualcomm and MediaTek in PC chips, Nvidia in AI chips, and TSMC and Samsung in chipmaking for others.

2025 brought big changes. The US government took a significant stake in the company in August, SoftBank and Nvidia bought new shares, and Intel sold 51% of its Altera chip unit. It also owns most of Mobileye, which makes driver-assistance systems. Intel cut its core workforce by about 15% under a restructuring plan.

Legal name
INTEL CORP
Fiscal year ends
December 27, 2025
Latest annual report
10-K · Jan 23, 2026
Accession · CIK
0000050863-26-000011
0000050863

Revenue and margins

Intel had $52.9B of revenue in fiscal 2025, down 0.5% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was −$4.9B in fiscal 2025, −9.4% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Intel returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 5.8%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Intel yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$9.2B and divides by 4,530.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably Intel can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $29.3B$28.3B$25.0B$22.1B$37.4B
Debt incl. finance leases $38.1B$42.0B$49.3B$50.0B$46.6B
Net debt / EBITDA 0.3x0.9x2.5x—1.0x
Debt / equity 0.4x0.4x0.5x0.5x0.4x
Interest coverage 32.6x4.7x0.1x−11.3x−2.0x
Current ratio 2.1x1.6x1.5x1.3x2.0x
Quick ratio 1.7x1.2x1.2x1.0x1.7x
Total assets $168.4B$182.1B$191.6B$196.5B$211.4B
Total liabilities $73.0B$78.8B$81.6B$91.5B$85.1B
Shareholders' equity $95.4B$101.4B$105.6B$99.3B$114.3B
Net debt (− = net cash) $8.8B$13.7B$24.2B$27.9B$9.2B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$10.2M

2 insiders

Sold, 12 months

$7.5M

2 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 11, 2026 Lip Bu TanCEO, Director Bought 105,263 $95.00 $10.0M Form 4
May 29, 2026 Nagasubramaniyan ChandrasekaranEVP, CT & Ops Off, GM Foundry Sold 21,024 $118.28 $2.5M Form 4
May 1, 2026 Boise April MillerEVP and Chief Legal Officer Sold 40,256 $99.53 $4.0M Form 4
Feb 2, 2026 Boise April MillerEVP and Chief Legal Officer Sold 20,000 $49.05 $1.0M Form 4
Jan 26, 2026 David ZinsnerEVP, CFO Bought 5,882 $42.50 $0.2M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✕ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✓ ✓
Current ratio rose ✕ ✕ ✓
Share count didn't rise ✕ ✕ ✕
Gross margin rose ✕ ✕ ✓
Revenue rose relative to assets ✕ ✕ ✕
F-score 3 / 93 / 96 / 9
Accruals ratio −5.2%−13.9%−4.9%
Altman Z'' 3.122.013.24

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Intel INTC $443.8B −0.5% −4.2% −9.4% −0.8% — 6
AMD AMD $857.4B 34.3% 10.7% 19.4% 6.7% 132.9x 8 Compare →
Nvidia NVDA $5.12T 65.5% 60.4% 44.8% — 26.7x 4 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $59.4B $62.8B $70.8B $72.0B $77.9B $79.0B $63.1B $54.2B $53.1B $52.9B
Gross profit $36.2B $39.1B $43.7B $42.1B $43.6B $43.8B $26.9B $21.7B $17.3B $18.4B
Research and development $12.7B $13.0B $13.5B $13.4B $13.6B $15.2B $17.5B $16.0B $16.5B $13.8B
Operating income $13.1B $18.1B $23.3B $22.0B $23.7B $19.5B $2.3B $93.0M −$11.7B −$2.2B
Interest expense $733M $646M $468M $489M $629M $597M $496M $878M $1.0B $1.1B
Pretax income $12.9B $20.4B $23.3B $24.1B $25.1B $21.7B $7.8B $762M −$11.2B $1.6B
Income tax $2.6B $10.8B $2.3B $3.0B $4.2B $1.8B −$249M −$913M $8.0B $1.5B
Net income $10.3B $9.6B $21.1B $21.0B $20.9B $19.9B $8.0B $1.7B −$18.8B −$267M
Diluted EPS $2.12 $1.99 $4.48 $4.71 $4.94 $4.86 $1.94 $0.40 −$4.38 −$0.06
Diluted shares 4.88B 4.84B 4.70B 4.47B 4.23B 4.09B 4.12B 4.21B 4.28B 4.53B
Cash flow
Cash from operations $21.8B $22.1B $29.4B $33.1B $35.9B $29.5B $15.4B $11.5B $8.3B $9.7B
Capital expenditure $9.6B $11.8B $15.2B $16.2B $14.3B $18.7B $24.8B $25.8B $23.9B $14.6B
Free cash flow $12.2B $10.3B $14.3B $16.9B $21.6B $10.7B −$9.4B −$14.3B −$15.7B −$4.9B
Depreciation and amortization $294M $177M $200M $200M $12.2B $11.8B $13.0B $9.6B $11.4B $11.7B
Stock-based compensation $1.4B $1.4B $1.5B $1.7B $1.9B $2.0B $3.1B $3.2B $3.4B $2.4B
Acquisitions $15.5B $14.5B $190M $2.0B $837M $209M $681M $13.0M $82.0M $0.0M
Share buybacks $2.6B $3.6B $10.7B $13.6B $14.2B $2.4B $0.0M $0.0M $0.0M $0.0M
Dividends paid $4.9B $5.1B $5.5B $5.6B $5.6B $5.6B $6.0B $3.1B $1.6B $0.0M
Dividends and buybacks $7.5B $8.7B $16.3B $19.2B $19.8B $8.1B $6.0B $3.1B $1.6B $0.0M
Balance sheet
Cash and short-term investments $8.8B $5.2B $5.8B $5.3B $8.2B $29.3B $28.3B $25.0B $22.1B $37.4B
Total debt $25.3B $26.8B $25.9B $29.0B $36.4B $38.1B $42.0B $49.3B $50.0B $46.6B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $35.5B $29.5B $28.8B $31.2B $47.2B $58.6B $50.4B $43.3B $47.3B $63.7B
Current liabilities $20.3B $17.4B $16.6B $22.3B $24.8B $27.5B $32.2B $28.1B $35.7B $31.6B
Inventory $5.6B $7.0B $7.3B $8.7B $8.4B $10.8B $13.2B $11.1B $12.2B $11.6B
Property and equipment, net $36.2B $41.1B $49.0B $55.4B $56.6B $63.2B $80.9B $96.6B $107.9B $105.4B
Total assets $113.3B $123.2B $128.0B $136.5B $153.1B $168.4B $182.1B $191.6B $196.5B $211.4B
Total liabilities $47.1B $53.6B $53.4B $59.0B $72.1B $73.0B $78.8B $81.6B $91.5B $85.1B
Shareholders' equity $66.2B $69.7B $74.6B $77.5B $81.0B $95.4B $101.4B $105.6B $99.3B $114.3B
Margins
Gross margin 61.0% 62.3% 61.7% 58.6% 56.0% 55.5% 42.6% 40.0% 32.7% 34.8%
Operating margin 22.1% 28.8% 32.9% 30.6% 30.4% 24.6% 3.7% 0.2% −22.0% −4.2%
EBITDA margin 22.6% 29.0% 33.2% 30.9% 46.1% 39.5% 24.4% 17.9% −0.6% 18.0%
Net margin 17.4% 15.3% 29.7% 29.3% 26.8% 25.1% 12.7% 3.1% −35.3% −0.5%
FCF margin 20.5% 16.5% 20.1% 23.5% 27.8% 13.6% −14.9% −26.3% −29.5% −9.4%
Returns
Return on capital 14.1% 10.4% 22.7% 19.7% 18.8% 16.7% 2.1% 0.1% −6.9% −0.8%
Return on capital employed 14.7% 18.2% 21.5% 19.5% 19.5% 14.5% 1.6% 0.1% −7.2% −1.3%
Return on equity 16.2% 14.1% 29.2% 27.7% 26.4% 22.5% 8.1% 1.6% −18.3% −0.3%
Return on assets 9.6% 8.1% 16.8% 15.9% 14.4% 12.4% 4.6% 0.9% −9.7% −0.1%
Growth
Revenue growth 7.3% 5.7% 12.9% 1.6% 8.2% 1.5% −20.2% −14.0% −2.1% −0.5%
Net income growth −9.7% −6.9% 119.3% −0.0% −0.7% −4.9% −59.7% −78.9% −1,210.5% —
EPS growth −9.0% −6.1% 125.1% 5.1% 4.9% −1.6% −60.1% −79.4% −1,195.0% —
FCF growth 4.2% −15.2% 37.9% 18.8% 27.6% −50.4% −187.8% — — —
Share count change −0.4% −0.8% −2.8% −4.9% −5.4% −3.4% 0.8% 2.2% 1.6% 5.8%
Financial health
Net debt / EBITDA 1.2x 1.2x 0.9x 1.1x 0.8x 0.3x 0.9x 2.5x — 1.0x
Debt / equity 0.4x 0.4x 0.4x 0.4x 0.5x 0.4x 0.4x 0.5x 0.5x 0.4x
Interest coverage 17.9x 27.9x 49.8x 45.1x 37.6x 32.6x 4.7x 0.1x −11.3x −2.0x
Current ratio 1.8x 1.7x 1.7x 1.4x 1.9x 2.1x 1.6x 1.5x 1.3x 2.0x
Quick ratio 1.5x 1.3x 1.3x 1.0x 1.6x 1.7x 1.2x 1.2x 1.0x 1.7x
Capital allocation
Capex / revenue 16.2% 18.8% 21.4% 22.5% 18.3% 23.7% 39.4% 47.5% 45.1% 27.7%
Stock comp / revenue 2.4% 2.2% 2.2% 2.4% 2.4% 2.6% 5.0% 6.0% 6.4% 4.6%
Payouts / FCF 61.7% 84.1% 114.2% 113.1% 91.6% 75.2% — — — —
Quality scores
Piotroski F-score 4.0 6.0 8.0 4.0 6.0 6.0 3.0 3.0 3.0 6.0
Altman Z'' 4.3 4.1 4.6 4.2 4.4 4.7 3.4 3.1 2.0 3.2
Accruals ratio −10.7% −10.6% −6.7% −9.2% −10.3% −6.0% −4.2% −5.2% −13.9% −4.9%

Source: SEC EDGAR XBRL filings (CIK 0000050863). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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