Intel Corporation (INTC) financials

NASDAQ · Technology · Semiconductors · 85,100 employees · CEO Lip-Bu Tan

Price: $65.76 -28.58%
Market cap: $348B
Enterprise value: $376B
Last report: Q3 '26 filed 2026-10-30
Next report: 2027-01-28 EPS est. $0.29

Revenue (TTM)$59.9B+12.1% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)3.2%+7.7 pp vs a year agoOperating income $1.92B

Net income (TTM)-$12B-6,176.8% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$3.77B+144.8% vs a year agoCapex $13.7B

Diluted EPS (TTM)-$2.41-22,414.8% vs a year agoSum of the last 4 quarters

Net cash$3.87B+124.8% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $348B
Revenue: $59.9B
Revenue growth: +18%
Profit margin: -20.1%
P/E: -27.6×
P/S: 5.8×
EV / EBITDA: 111.8×
Free cash flow: $3.77B
Net income: -$12B
Revenue estimate: $62.3B
Earnings: 2027-01-28
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-10-29): revenue in line, EPS beat by 27.9%Revenue $16.5B vs $16.6B expected (-0.3%); EPS $0.52 vs $0.41 (+27.9%).
Revenue growth accelerating: 20.9% year on yearQ3 '26 revenue $16.5B, against an average of 7.8% over the four quarters before.
Operating margin 3.2% (TTM), +7.7 pp on a year agoOperating income grew 180.5% while revenue grew 12.1%.
Capex 22.9% of revenue (a year ago 31.8%)$13.7B invested in the last 4 quarters (-19.4% on a year earlier). Free cash flow $3.77B.
Returned $15B to shareholders = 396.9% of free cash flowBuybacks $617M (a year earlier $181M), dividends $14.3B, stock-based pay $2.43B (TTM). More than the free cash flow: paid from cash or debt.
Diluted share count up 17.1% in a year5.31B diluted shares in Q3 '26, 4.53B a year earlier.
Net cash $3.87BCash + short-term investments $54B, debt incl. leases $50.1B; a year ago net debt $15.6B.

Last quarter: Q3 '26

Quarter ended 2026-09-26. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	$16.5B	$13.7B	+20.9%
Gross margin	43.0%	38.2%	+4.8 pp
Operating income	$2.52B	$683M	+269.3%
Operating margin	15.3%	5.0%	+10.3 pp
Net income	$3.32B	$4.06B	-18.3%
Diluted EPS	$0.60	$0.90	-33.3%
Operating cash flow	$5.08B	$2.55B	+99.6%
Capex	$4.02B	$2.43B	+65.9%
Free cash flow	$1.06B	$121M	+774.4%
R&D	$3.49B	$3.23B	+8.0%
Stock-based compensation	$587M	$548M	+7.1%

Reported vs consensus

2026-10-29

	Actual	Consensus	vs consensus
Revenue	$16.5B	$16.6B	-0.3%
EPS (as estimated)	$0.52	$0.41	+27.9%

From the report of 2026-10-29 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q3 '26	y/y	Share	TTM	TTM y/y
CCPG	–	–	–	–	–
Client Computing Group	–	–	–	–	–
Data Center Group	$7.32B	+77.8%	34.9%	–	–
Intel Foundry Services	$6.7B	+58.1%	31.9%	–	–
Intersegment Eliminations	$6.29B	+248.8%	30.0%	–	–
DCAI	–	–	–	–	–
Intel Foundry	–	–	–	–	–
Intersegment eliminations	–	–	–	–	–
Other Segments	$692M	-30.3%	3.3%	–	–
All Other	–	–	–	–	–

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q3 '26

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Client Computing Group	–	–	–	–	–	–	–
Datacenter And AI	–	–	$3.04B	+215.2%	–	–	$8.31B
Network And Edge	–	–	–	–	–	–	–
Client Computing Group Datacenter And AI And Network And Edge	–	–	$5.32B	+45.5%	–	–	$17.7B
Intel Foundry	–	–	-$1.85B	+20.2%	–	–	-$8.89B
Altera	–	–	–	–	–	–	–
Mobileye	–	–	–	–	–	–	–
All other segments	–	–	$179M	+79.0%	–	–	$503M
Altera Mobileye And Other	–	–	–	–	–	–	–
Corporate (unallocated)	–	–	-$1.06B	-35.3%	–	–	-$8.28B
Client Computing And Physical AI Group	–	–	$2.29B	-15.2%	–	–	–

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $17.5B
Capex: -$13.7B
Buybacks: -$617M
Dividends: -$14.3B
Acquisitions: -$596M
Net debt issued: $507M
Stock-based compensation: $2.43B
Free cash flow: $3.77B
Returned to shareholders / FCF: 396.9%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	-27.6×	49.9× 3 of 5 years	10.5× – 125.6×
EV / EBITDA	111.8×	31.5×	6.5× – 106.9×
EV / Sales	6.3×	3.3×	2.2× – 4.7×
Price / FCF	92.3×	22.8× 1 of 5 years	22.8× – 22.8×
Price / Book	3.0×	1.5×	0.9× – 2.2×
FCF yield	1.1%	-6.4%	-18.0% – 4.4%
Return on invested capital	1.0%	1.3%	-7.1% – 12.2%
Return on equity	-11.2%	2.2%	-18.9% – 20.8%

Analysts

Consensus target $113.07 (+71.9%)
range $70.00 – $200.00 · rating Hold

Strong buy0

Buy32

Hold49

Sell6

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$62.3B	+18.0%	$1.51	+2,661.4%	43.6×	19
FY2027	$70.5B	+13.1%	$1.88	+24.6%	35.0×	27
FY2028	$84.7B	+20.0%	$3.12	+66.1%	21.1×	16
FY2029	$101B	+19.0%	$4.65	+49.0%	14.1×	9
FY2030	$127B	+26.3%	$6.77	+45.5%	9.7×	9

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 344 figures Intel Corp. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
Accounts Payable, Current	$8.83B	$10.3B	-14.0%	$9.88B	$12.6B	-21.3%
Accounts Receivable, after Allowance for Credit Loss, Current	$4.09B	$3.2B	+27.8%	$3.84B	$3.48B	+10.4%
Accounts Receivable, Sale	$0	$800M	-100.0%	$2.6B	$2.3B	+13.0%
Accrued Income Taxes, Current	$604M2025-12-27	$1.76B	-65.6%	$604M	$1.76B	-65.6%
Accrued Income Taxes, Noncurrent	$1.5B2025-12-27	$1.6B	-6.3%	$1.5B	$1.6B	-6.3%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$108B2026-03-28	$103B	+4.7%	$93.4B2022-12-31	$85.3B	+9.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$232M	$19M	-1,321.1%	$113M	-$711M	+115.9%
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	$1.56B	-$1.72B	+190.6%	$9.67B	$27.5B	-64.9%
Advertising Expense	–	–	–	$610M	$856M	-28.7%
Amortization of Intangible Assets	$190M	$234M	-18.8%	$949M	$1.43B	-33.5%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	70M2026-06-27	0	–	153M	114M	+34.2%
APIC, Share-based Payment Arrangement, ESPP, Increase for Cost Recognition	$309M	$286M	+8.0%	$771M	$988M	-22.0%
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$596M	$548M	+8.8%	$2.43B	$3.37B	-27.7%
Asset Impairment Charges	-$23M	-$4M	-475.0%	$522M	$3.63B	-85.6%
Assets	$229B	$205B	+11.8%	$211B	$196B	+7.6%
Assets for Plan Benefits, Defined Benefit Plan	$217M2025-12-27	$135M	+60.7%	$217M	$135M	+60.7%
Assets, Current	$82.6B	$51.7B	+59.6%	$63.7B	$47.3B	+34.6%
Assets, Fair Value Disclosure	$38.2B2025-12-27	$23.3B	+64.1%	$38.2B	$23.3B	+64.1%
Capital Expenditures Incurred but Not yet Paid	$67M	-$87M	+177.0%	$4.95B	$8.13B	-39.1%
Cash and Cash Equivalents, at Carrying Value	$21.8B	$11.1B	+96.1%	$14.3B	$8.25B	+72.9%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$14.7B2025-12-27	$8.25B	+78.3%	$14.7B	$8.25B	+78.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	$22.4B	$11.1B	+101.0%	–	–	–
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$8.8B	$1.45B	+507.8%	$6.46B	$1.17B	+452.4%
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	-$408M	$36M	-1,233.3%	–	–	–
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	$408M	-$36M	+1,233.3%	-$316M	$4M	-8,000.0%
Commercial Paper	$02025-12-27	$0	–	$0	$0	–
Common Stock, Dividends, Per Share, Declared	–	–	–	$0.382024-12-28	$0.74	-48.6%
Common Stock, Par or Stated Value Per Share	$0.002025-12-27	$0.00	0.0%	$0.00	$0.00	0.0%
Common Stock, Shares Authorized	10B2025-12-27	10B	0.0%	10B	10B	0.0%
Common Stock, Shares, Issued	5.31B	4.77B	+11.4%	4.99B	4.33B	+15.3%
Common Stock, Shares, Outstanding	5.31B	4.77B	+11.4%	4.99B	4.33B	+15.3%
Common Stocks, Including Additional Paid in Capital	$78.2B	$56.8B	+37.7%	$65.2B	$50.9B	+27.9%
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	$200M	$207M	-3.4%	$293M	-$477M	+161.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$3.17B	$4.02B	-21.1%	$557M	-$19.3B	+102.9%
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$3.37B	$4.22B	-20.3%	$850M	-$19.7B	+104.3%
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure	–	–	–	$1.4B2024-12-28	–	–
Cost of Goods and Services Sold	$9.42B	$8.44B	+11.6%	$34.5B	$35.8B	-3.6%
Costs and Expenses	$14B	$13B	+7.9%	$55.1B	$64.8B	-15.0%
Current Federal Tax Expense (Benefit)	–	–	–	$310M	$600M	-48.3%
Current Foreign Tax Expense (Benefit)	–	–	–	$910M	$1.36B	-33.3%
Current Income Tax Expense (Benefit)	–	–	–	$1.2B	$1.96B	-38.5%
Current State and Local Tax Expense (Benefit)	–	–	–	-$18M	-$8M	-125.0%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$384M2025-12-27	$392M	-2.0%	$384M	$392M	-2.0%
Debt Securities, Available-for-sale	$39.5B	$25.9B	+52.6%	$32.4B	$18.7B	+73.4%
Debt Securities, Available-for-sale, Amortized Cost	$11.9B	$6.8B	+75.0%	$10.6B	$5.2B	+103.8%
Debt Securities, Available-for-sale, Current	$32.2B	$19.8B	+62.5%	$23.2B	$13.8B	+67.6%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10	$368M2026-03-28	$225M	+63.6%	$291M	$168M	+73.2%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	$6.65B2026-03-28	$6.06B	+9.6%	$281M2021-12-25	$1.1B	-74.4%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Remainder of Fiscal Year	$6.28B2026-03-28	$4.15B	+51.4%	$2.2B2019-12-28	$3.23B	-31.9%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	$4.19B2026-03-28	$3.06B	+37.1%	$9.54B	$5.69B	+67.7%
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Fair Value	$1.84B	–	–	–	–	–
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value	$21.5B	–	–	–	–	–
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value	$1.77B	$4.1B	-56.9%	$7.47B	$4.32B	+73.2%
Debt Securities, Realized Gain (Loss)	-$267M	-$47M	-468.1%	$341M	$464M	-26.5%
Debt, Current	$3.82B	$2.5B	+52.9%	$2.5B	$3.73B	-33.0%
Deferred Compensation Liability, Current	$3.1B	$3.2B	-3.1%	$3.2B	$3.3B	-3.0%
Deferred Federal Income Tax Expense (Benefit)	–	–	–	$245M	$6.19B	-96.0%
Deferred Income Tax Assets, Net	$570M2025-12-27	$603M	-5.5%	$570M	$603M	-5.5%
Deferred Income Tax Expense (Benefit)	-$9M2026-03-28	$19M	-147.4%	$329M	$6.07B	-94.6%
Deferred Income Tax Liabilities, Net	$1.69B2025-12-27	$1.46B	+15.3%	$1.69B	$1.46B	+15.3%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-26, 10-Q 2026-06-27, 10-Q 2026-03-28, 10-K 2025-12-27, 10-Q 2025-09-27, 10-Q 2025-06-28, 10-Q 2025-03-29, 10-K 2024-12-28, 10-Q 2024-09-28

Data as of 2026-11-01