INTC

INTEL CORP

Technology • CIK: 0000050863

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Market Cap
$163.57B
P/E (TTM)
-402.2x
Rev Growth (TTM)
-0.5%
Net Margin (TTM)
-0.5%
FCF Yield (TTM)
-3.0%
FCF Margin (TTM)
-9.4%

Filing Intelligence

5.0/10
10-K filed Jan 23, 2026FYNone

Executive Summary

The company experienced a shift from net loss to net income in 2025, improving operating cash flow generation, though partially impacted by working capital dynamics.. Significant strategic...

Key Concerns

  • Significant goodwill write-downs indicate potential past overvaluation or performance issues in acquired businesses.
  • The company utilizes PSU awards with complex performance metrics including relative TSR, which can be sensitive to market conditions and...
  • Significant purchase obligations exist, totaling $6.7 billion as of December 27, 2025, with a substantial portion ($5.2 billion) related to...

LATEST EARNINGS

Q4 2025
2 months ago
View source
Revenue
$13.67B
-4.1%
Net Income
$-591.00M
+369.1%
EPS
$-0.12
+300.0%
Gross
36.1% -3.1%
Operating
4.2% +1.3%
Net
-4.3% -3.4%
  • Non-GAAP EPS of $0.15 exceeded expectations.
  • Non-GAAP gross margin improved to 37.9% in Q4 2025, up from 36.7% in FY 2024.
  • Full-year revenue was flat YoY at $52.9 billion, showing resilience.
  • Intel 18A process technology ramped to high-volume manufacturing, a key milestone for future competitiveness.

Cash Flow Health

Free Cash Flow2/8 positive
TTM$-4.9B
Q4 '25
$800M+561%
Q3 '25
$121M+108%
FCF Margin
TTM-9.4%
Q4 '255.9%+560%
Sector: 9.1%Below Avg
OCF Margin18.3%
OCF/NI-36.32x
CapEx Coverage0.7x
FCF Yield-3.0%
FCF Growth (2Y)
Cash Conversion Cycle
32 days
DSO: 21+DIO: 125DPO: 114

Capital Allocation & Returns

Total Shareholder Yield
TTM0.0%
Div Yield0.0%

Insufficient data

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$-4.9B
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
-0.0%
Moderate
+0.1% YoY+10.7%
P25MedianP75
35th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
-0.1%
Asset Turnover
0.27x
8Q: 0.27x
Leverage (1+D/E)
1.41x
D/E: 0.41x
DuPont: -0.0%-0.0% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
0.49x
8Q:0.51x
Flat
Invested Cap Turn
0.35x
8Q:0.35x
Flat
CapEx Intensity
9.8%
8Q:14.5%
CapEx/Depreciation
1.76x
Depreciation Rate Trend
⚠ Declining -2.2%
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ4 2025Q3 2025Q2 2025Q1 2025Q4 2025Q3 2024Q2 2024Q1 2024
Revenue
$52.9B
$13.7B0.2%
$13.7B6.2%
$12.9B1.5%
$12.7B11.2%
$14.3B7.3%
$13.3B3.5%
$12.8B0.9%
$12.7B
Operating Income
$-2.2B
$580.0M15.1%
$683.0M121.5%
$-3.2B955.1%
$-301.0M173.1%
$412.0M104.5%
$-9.1B361.2%
$-2.0B83.7%
$-1.1B
Net Income
$-267.0M
$-591.0M114.5%
$4.1B239.2%
$-2.9B255.4%
$-821.0M551.6%
$-126.0M99.2%
$-16.6B933.5%
$-1.6B322.6%
$-381.0M
Operating Cash Flow
$9.7B
$4.3B68.4%
$2.5B24.2%
$2.0B152.2%
$813.0M74.3%
$3.2B21.9%
$4.1B76.9%
$2.3B287.4%
$-1.2B
Free Cash Flow
$-4.9B
$800.0M561.2%
$121.0M108.1%
$-1.5B65.7%
$-4.4B63.7%
$-2.7B11.0%
$-2.4B29.1%
$-3.4B52.9%
$-7.2B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
-402.2x
Volatile
8Q: -100.5x+32652%
Valuation Lenses
Earnings
-402.2x
vs sector
Cash Flow
-37.7x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
P/E per %ROIC
ROIC: -0.0%
Shareholder Returns
Dividend
Buyback
Total Yield
Market Cap$163.57B
EV$186.72B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
8/100
Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Below Avg
-0.3%
8Q:
Return on Invested Capital (ROIC)Below Avg
-0.0%
8Q:
+10.7%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: -0.1%
Asset Turnover: 0.27x

Earnings Quality

Cash Conversion

-36.32x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin34.8%

Capital Efficiency

Invested Capital Turnover0.35x

Working Capital

Cash Conversion Cycle32 days

Growth Quality & Momentum

Low Quality
Growth Quality Score
50/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
-0.5%
OpInc Growth YoY
40.8%
EPS Growth YoY
97.9%
FCF 3Y CAGR
N/A

Growth Quality Analysis

Sustainability Index: 3.0/10 - Growth sustainability concerns

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
34.8%
Operating
-4.2%
Below Avg in sector
Net
-0.5%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
-8.9 pts
FCF: -9.4% | Net: -0.5%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Adequate
Net Debt / EBITDA
Net Debt: $8.72B
Interest Coverage
Balance sheet risk & solvency analysis