NASDAQ · Technology

Intel Corporation

INTC · Semiconductors

$96.71

▼ -2.9 (-2.91%)

Data cached · refreshes every 10 min

Insufficient data to generate a complete Graham analysis.

Overall Grade

Defensive

Enterprising

Profitability F

Gross Profit Margin 34.8%

Operating Margin -0.0%

Net Income Margin -0.5%

Fin. Health D

Years to Pay Off Debt -174.5 yrs

Working Capital vs Long-Term Debt -$12.0B

Working Capital $32.1B

Valuation F

Price-to-Book 4.25x

Cash Flow C

Free Cash Flow -$4.9B

Owner Earnings $26.1B

2/7

Graham Score

Speculative

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

Market Data

Market Cap $486.1B

Enterprise Value $526.5B

P/E (TTM) 64.84

Dividend Yield N/A

Exchange NASDAQ

Key Margins

Gross Profit 34.8%

Operating Margin -0.0%

Net Margin -0.5%

Company Info

Sector Technology

Industry Semiconductors

Employees 85100

Country United States

Visit website

About Intel Corporation

Intel Corporation designs, develops, manufactures, markets, sells, and services computing and related end products and services in the United States, Ireland, Israel, and internationally. It operates through three segments: CCG, DCAI, and Intel Foundry. The company offers client computing group products, including client and commercial CPUs, discrete client GPUs, edge computing, and connectivity products; data center and AI products, such as server CPUs, discrete GPUs, and networking products; and semiconductors comprising wafer fabrication, substrates, and other related products and services. It also provides driving assistance and self-driving solutions; and develops and manufactures multi-beam mask writing tools. The company sells its products through sales organizations, distributors, resellers, retailers, and OEM partners. It serves original equipment manufacturers, original design manufacturers, cloud service providers, and other manufacturers and service providers. Intel Corporation has a strategic collaboration with Infosys Limited to develop a multi-layer AI fabric that unifies infrastructure, models, data, applications, and workflows into a composable and agent-ready ecosystem. The company was incorporated in 1968 and is headquartered in Santa Clara, California.

Showing Key Metrics

Income Highlights

Metric	2025	2024	2023	2022
Gross Profit %	34.8% ▲	32.7%	40.0%	42.6%
Operating Margin %	-0.0% ▲	-8.9%	0.1%	3.7%
Net Income %	-0.5% ▲	-35.3%	3.1%	12.7%
Diluted EPS	-0.06 ▲	-4.38	0.40	1.94

Balance Sheet Highlights

Metric	2025	2024	2023	2022	2021
Total Assets	$211.4B	$196.5B	$191.6B	$182.1B	N/A
Total Debt	$46.6B ↓	$50.0B	$49.3B	$42.0B	N/A
Working Capital	$32.1B ▲	$11.7B	$15.2B	$18.3B	N/A
Years to Pay Debt	-174.48	-2.67	29.17	5.24	N/A

Cash Flow Highlights

Metric	2025	2024	2023	2022	2021
Free Cash Flow	-$4.9B ▲	-$15.7B	-$14.3B	-$9.4B	N/A
Owner Earnings	$26.1B	$16.6B	$37.0B	$45.9B	N/A
CapEx % of Net Income	N/A	N/A	1,524.6%	310.0%	N/A

Income Statement

	2025	2024	2023	2022
Tax Effect Of Unusual Items	388,710	-1,571,430	21,420	1,105,860
Tax Rate For Calcs	0	0	0	0
Normalized EBITDA	12,503,000	8,686,000	11,140,000	16,033,000
Total Unusual Items	1,851,000	-7,483,000	102,000	5,266,000
Total Unusual Items Excluding Goodwill	1,851,000	-7,483,000	102,000	5,266,000
Net Income From Continuing Operation Net Minority Interest	-267,000	-18,756,000	1,689,000	8,014,000
Reconciled Depreciation	11,706,000	11,379,000	9,602,000	13,035,000
Reconciled Cost Of Revenue	34,478,000	35,756,000	32,517,000	36,188,000
EBITDA	14,354,000	1,203,000	11,242,000	21,299,000
EBIT	2,648,000	-10,176,000	1,640,000	8,264,000
Net Interest Income	-271,000	981,000	629,000	166,000
Interest Expense	1,091,000	1,034,000	878,000	496,000
Interest Income	1,007,000	1,805,000	1,335,000	589,000
Normalized Income	-1,729,290	-12,844,430	1,608,420	3,853,860
Net Income From Continuing And Discontinued Operation	-267,000	-18,756,000	1,689,000	8,014,000
Total Expenses	52,876,000	57,809,000	54,197,000	60,718,000
Total Operating Income As Reported	-2,214,000	-11,678,000	93,000	2,334,000
Diluted Average Shares	4,530,000	4,280,000	4,212,000	4,123,000
Basic Average Shares	4,530,000	4,280,000	4,190,000	4,108,000
Diluted EPS	0	0	0	0
Basic EPS	0	0	0	0
Diluted NI Availto Com Stockholders	-267,000	-18,756,000	1,689,000	8,014,000
Net Income Common Stockholders	-267,000	-18,756,000	1,689,000	8,014,000
Net Income	-267,000	-18,756,000	1,689,000	8,014,000
Minority Interests	-293,000	477,000	14,000	-3,000
Net Income Including Noncontrolling Interests	26,000	-19,233,000	1,675,000	8,017,000
Net Income Continuous Operations	26,000	-19,233,000	1,675,000	8,017,000
Tax Provision	1,531,000	8,023,000	-913,000	-249,000
Pretax Income	1,557,000	-11,210,000	762,000	7,768,000
Other Income Expense	1,851,000	-7,483,000	102,000	5,266,000
Special Income Charges	2,833,000	-7,317,000	-152,000	808,000
Gain On Sale Of Business	5,324,000	0	0	1,000,000
Other Special Charges	-121,000	858,000	-329,000	-1,187,000
Write Off	822,000	3,978,000	259,000	341,000
Restructuring And Mergern Acquisition	1,790,000	2,481,000	222,000	1,038,000
Gain On Sale Of Security	-982,000	-166,000	254,000	4,458,000
Net Non Operating Interest Income Expense	-271,000	981,000	629,000	166,000
Total Other Finance Cost	187,000	-210,000	-172,000	-73,000
Interest Expense Non Operating	1,091,000	1,034,000	878,000	496,000
Interest Income Non Operating	1,007,000	1,805,000	1,335,000	589,000
Operating Income	-23,000	-4,708,000	31,000	2,336,000
Operating Expense	18,398,000	22,053,000	21,680,000	24,530,000
Research And Development	13,774,000	16,546,000	16,046,000	17,528,000
Selling General And Administration	4,624,000	5,507,000	5,634,000	7,002,000
Gross Profit	18,375,000	17,345,000	21,711,000	26,866,000
Cost Of Revenue	34,478,000	35,756,000	32,517,000	36,188,000
Total Revenue	52,853,000	53,101,000	54,228,000	63,054,000
Operating Revenue	52,853,000	53,101,000	54,228,000	63,054,000

Balance Sheet

	2025	2024	2023	2022	2021
Ordinary Shares Number	4,994,000	4,330,000	4,228,000	4,137,000
Share Issued	4,994,000	4,330,000	4,228,000	4,137,000
Net Debt	32,320,000	41,762,000	42,187,000	30,863,000
Total Debt	46,585,000	50,011,000	49,266,000	42,007,000
Tangible Book Value	87,597,000	70,886,000	73,410,000	67,814,000
Invested Capital	160,866,000	149,281,000	154,856,000	143,430,000
Working Capital	32,113,000	11,658,000	15,216,000	18,252,000
Net Tangible Assets	87,597,000	70,886,000	73,410,000	67,814,000
Common Stock Equity	114,281,000	99,270,000	105,590,000	101,423,000
Total Capitalization	158,367,000	145,552,000	152,568,000	139,107,000
Total Equity Gross Minority Interest	126,360,000	105,032,000	109,965,000	103,286,000
Minority Interest	12,079,000	5,762,000	4,375,000	1,863,000
Stockholders Equity	114,281,000	99,270,000	105,590,000	101,423,000
Gains Losses Not Affecting Retained Earnings	113,000	-711,000	-215,000	-562,000
Other Equity Adjustments	113,000	-711,000	-215,000	-562,000
Retained Earnings	48,983,000	49,032,000	69,156,000	70,405,000
Capital Stock	65,185,000	50,949,000	36,649,000	31,580,000
Common Stock	65,185,000	50,949,000	36,649,000	31,580,000
Total Liabilities Net Minority Interest	85,069,000	91,453,000	81,607,000	78,817,000
Total Non Current Liabilities Net Minority Interest	53,494,000	55,787,000	53,554,000	46,662,000
Other Non Current Liabilities	9,408,000	9,505,000	6,576,000	8,978,000
Tradeand Other Payables Non Current				3,796,000	4,305,000
Non Current Deferred Liabilities				202,000	2,667,000
Non Current Deferred Revenue					185,000
Non Current Deferred Taxes Liabilities				202,000	2,667,000
Long Term Debt And Capital Lease Obligation	44,086,000	46,282,000	46,978,000	37,684,000
Long Term Debt	44,086,000	46,282,000	46,978,000	37,684,000
Current Liabilities	31,575,000	35,666,000	28,053,000	32,155,000
Other Current Liabilities			-12,000	44,000	991,000
Current Deferred Liabilities			2,900,000	2,400,000	2,800,000
Current Debt And Capital Lease Obligation	2,499,000	3,729,000	2,288,000	4,323,000
Current Debt	2,499,000	3,729,000	2,288,000	4,323,000
Other Current Borrowings	2,499,000	3,729,000	2,288,000	423,000
Commercial Paper				3,900,000	0
Pensionand Other Post Retirement Benefit Plans Current	3,990,000	3,343,000	3,655,000	4,084,000
Payables And Accrued Expenses	25,086,000	28,594,000	22,110,000	21,304,000
Current Accrued Expenses	14,600,000	14,282,000	12,425,000	9,458,000
Payables	10,486,000	14,312,000	9,685,000	11,846,000
Total Tax Payable	604,000	1,756,000	1,107,000	2,251,000
Income Tax Payable	604,000	1,756,000	1,107,000	2,251,000
Accounts Payable	9,882,000	12,556,000	8,578,000	9,595,000
Total Assets	211,429,000	196,485,000	191,572,000	182,103,000
Total Non Current Assets	147,741,000	149,161,000	148,303,000	131,696,000
Other Non Current Assets	7,131,000	7,475,000	13,647,000	11,315,000
Investments And Advances	8,512,000	5,383,000	5,829,000	5,912,000
Other Investments					840,000
Investmentin Financial Assets	8,512,000	5,383,000	5,829,000	5,902,000
Available For Sale Securities	8,512,000	5,383,000	5,829,000	5,902,000
Long Term Equity Investment			5,000	10,000	16,000
Investments In Other Ventures Under Equity Method				10,000	16,000
Goodwill And Other Intangible Assets	26,684,000	28,384,000	32,180,000	33,609,000
Other Intangible Assets	2,772,000	3,691,000	4,589,000	6,018,000
Goodwill	23,912,000	24,693,000	27,591,000	27,591,000
Net PPE	105,414,000	107,919,000	96,647,000	80,860,000
Accumulated Depreciation	-106,464,000	-102,193,000	-98,010,000	-93,386,000
Gross PPE	211,878,000	210,112,000	194,657,000	174,246,000
Construction In Progress	34,543,000	50,418,000	43,442,000	36,727,000
Machinery Furniture Equipment	111,940,000	103,150,000	100,033,000	92,711,000
Properties	65,395,000	56,544,000	51,182,000	44,808,000
Current Assets	63,688,000	47,324,000	43,269,000	50,407,000
Other Current Assets	10,815,000	9,586,000	3,706,000	4,712,000
Assets Held For Sale Current				45,000	6,942,000
Inventory	11,618,000	12,198,000	11,127,000	13,224,000
Finished Goods	2,785,000	3,422,000	3,758,000	4,142,000
Work In Process	7,840,000	7,432,000	6,203,000	7,565,000
Raw Materials	993,000	1,344,000	1,166,000	1,517,000
Receivables	3,839,000	3,478,000	3,402,000	4,133,000
Accounts Receivable	3,839,000	3,478,000	3,402,000	4,133,000
Cash Cash Equivalents And Short Term Investments	37,416,000	22,062,000	25,034,000	28,338,000
Other Short Term Investments	23,151,000	13,813,000	17,955,000	17,194,000
Cash And Cash Equivalents	14,265,000	8,249,000	7,079,000	11,144,000

Cash Flow

	2025	2024	2023	2022	2021
Free Cash Flow	-4,949,000	-15,656,000	-14,279,000	-9,411,000
Repurchase Of Capital Stock			0	0	-2,415,000
Repayment Of Debt	-7,243,000	-9,637,000	-4,367,000	-4,984,000
Issuance Of Debt	3,493,000	10,324,000	11,391,000	10,493,000
Issuance Of Capital Stock		12,714,000	1,511,000	1,032,000	0
Capital Expenditure	-14,646,000	-23,944,000	-25,750,000	-24,844,000
Interest Paid Supplemental Data	1,106,000	987,000	613,000	459,000
Income Tax Paid Supplemental Data	2,299,000	2,202,000	2,621,000	4,282,000
End Cash Position	14,712,000	8,249,000	7,079,000	11,144,000
Beginning Cash Position	8,249,000	7,079,000	11,144,000	4,827,000
Changes In Cash	6,463,000	1,170,000	-4,065,000	6,317,000
Financing Cash Flow	11,587,000	11,138,000	8,505,000	1,115,000
Cash Flow From Continuing Financing Activities	11,587,000	11,138,000	8,505,000	1,115,000
Net Other Financing Charges	1,860,000	11,063,000	3,527,000	626,000
Proceeds From Stock Option Exercised	13,477,000	987,000	1,042,000	977,000
Cash Dividends Paid	0	-1,599,000	-3,088,000	-5,997,000
Common Stock Dividend Paid	0	-1,599,000	-3,088,000	-5,997,000
Net Common Stock Issuance		12,714,000	0	1,032,000	-2,415,000
Common Stock Payments			0	0	-2,415,000
Common Stock Issuance		12,714,000	1,511,000	1,032,000	0
Net Issuance Payments Of Debt	-3,750,000	687,000	7,024,000	5,509,000
Net Short Term Debt Issuance	0	0	-3,944,000	3,945,000
Short Term Debt Payments	-3,493,000	-7,349,000	-3,944,000	0
Short Term Debt Issuance	3,493,000	7,349,000	0	3,945,000
Net Long Term Debt Issuance	-3,750,000	687,000	10,968,000	1,564,000
Long Term Debt Payments	-3,750,000	-2,288,000	-423,000	-4,984,000
Long Term Debt Issuance	0	2,975,000	11,391,000	6,548,000
Investing Cash Flow	-14,821,000	-18,256,000	-24,041,000	-10,231,000
Cash Flow From Continuing Investing Activities	-14,821,000	-18,256,000	-24,041,000	-10,231,000
Net Other Investing Changes	1,929,000	1,118,000	1,574,000	-1,329,000
Net Investment Purchase And Sale	-8,261,000	4,570,000	135,000	10,044,000
Sale Of Investment	16,058,000	42,510,000	44,549,000	53,691,000
Purchase Of Investment	-24,319,000	-37,940,000	-44,414,000	-43,647,000
Net Business Purchase And Sale	6,157,000	0	0	5,898,000
Sale Of Business	6,157,000	0	0	6,579,000
Purchase Of Business		-82,000	-13,000	-681,000	-209,000
Net PPE Purchase And Sale	-14,646,000	-23,944,000	-25,750,000	-24,844,000
Purchase Of PPE	-14,646,000	-23,944,000	-25,750,000	-24,844,000
Operating Cash Flow	9,697,000	8,288,000	11,471,000	15,433,000
Cash Flow From Continuing Operating Activities	9,697,000	8,288,000	11,471,000	15,433,000
Change In Working Capital	-1,747,000	1,103,000	-569,000	339,000
Change In Other Working Capital	-2,245,000	1,867,000	-1,982,000	-990,000
Change In Payables And Accrued Expense	1,085,000	416,000	-1,415,000	-1,562,000
Change In Accrued Expense	788,000	-218,000	-614,000	-1,533,000
Change In Payable	297,000	634,000	-801,000	-29,000
Change In Account Payable	297,000	634,000	-801,000	-29,000
Change In Prepaid Assets				-24,000	-1,583,000
Change In Inventory	-138,000	-1,105,000	2,097,000	-2,436,000
Change In Receivables	-449,000	-75,000	731,000	5,327,000
Changes In Account Receivables	-449,000	-75,000	731,000	5,327,000
Other Non Cash Items	476,000	3,491,000	-424,000	1,074,000
Stock Based Compensation	2,434,000	3,410,000	3,229,000	3,128,000
Asset Impairment Charge	515,000	2,252,000	33,000	301,000
Deferred Tax	328,000	6,132,000	-2,033,000	-5,148,000
Deferred Income Tax	328,000	6,132,000	-2,033,000	-5,148,000
Depreciation Amortization Depletion	11,706,000	11,379,000	9,602,000	13,035,000
Depreciation And Amortization	11,706,000	11,379,000	9,602,000	13,035,000
Amortization Cash Flow	949,000	1,428,000	1,755,000	1,907,000
Amortization Of Intangibles	949,000	1,428,000	1,755,000	1,907,000
Depreciation	10,757,000	9,951,000	7,847,000	11,128,000
Operating Gains Losses	-4,041,000	-246,000	-42,000	-5,313,000
Gain Loss On Investment Securities	1,282,000	-246,000	-42,000	-4,254,000
Gain Loss On Sale Of Business	-5,323,000	0	0	-1,059,000
Net Income From Continuing Operations	26,000	-19,233,000	1,675,000	8,017,000

These metrics estimate what Intel Corporation is worth based on its fundamentals — independent of what the market currently prices it at. Graham's Fair Value and NCAV are conservative floors rooted in 1930s–60s principles. EPV assumes zero growth. None are price targets — they are reference points for judging whether the current price offers a margin of safety.

Graham's Fair Value

N/A (negative EPS)

Margin of Safety

—

Market Cap ÷ Company Value

1.25

P/B Ratio

4.25

Warren's Owner Earnings

$26.1B

Latest fiscal year

Graham's 7 Criteria

Defensive Investor Checklist

2/7 — Speculative Investor

✅ Adequate Size

$52.9B

vs > $1.5B revenue

✅ Strong Financial Condition

2.02x

vs Current Ratio > 2.0x

❌ Earnings Stability

2 loss years (4 yrs data)

vs No negative EPS years

❌ Dividend Record

No dividend

vs Uninterrupted dividends

❌ Earnings Growth

-79.4% EPS growth

vs > 33% EPS growth

❌ Moderate P/E Ratio

64.8x

vs P/E ≤ 15.0x

❌ Moderate Price-to-Book

4.25x P/B (P/E×P/B: 275.8)

vs P/B ≤ 1.5x | P/E × P/B ≤ 22.5

Net Current Asset Value

$-4.25

Negative NCAV — liabilities exceed current assets. Common in capital-return businesses (buybacks, debt-funded dividends) and capital-intensive industries. Not automatically a warning sign.

"Buy at two-thirds of net current assets." — Graham

Earnings Power Value

$-0.05

Per share, no-growth floor. Compare to current price.

Cash Flow Analysis

Metric	2025	2024	2023	2022	2021
Capital Expenditure % of Net Income	N/A	N/A	1,524.6%	310.0%	N/A
Repurchase of Capital Stock	N/A	N/A	$0M	$0M	-$2.4B
Free Cash Flow	-$4.9B ▲	-$15.7B ▼	-$14.3B ▼	-$9.4B •	N/A •
Warren's Owner Earnings	$26.1B	$16.6B	$37.0B	$45.9B	N/A

Peers & Industry Comparison

Semiconductors — Auto-detected peers

Company	Price	Market Cap	P/E	Gross Margin	Net Margin	Revenue
INTC	$96.71	$486.1B	64.84	34.8%	-0.5%	$52.9B
NVDA NVIDIA Corporation	$197.16	$4,792.0B	40.2	71.1%	55.6%	$215.9B
AMD Advanced Micro Devices, Inc.	$343.44	$559.9B	132.1	52.5%	12.5%	$34.6B
QCOM QUALCOMM Incorporated	$169.01	$178.1B	18.2	54.8%	22.3%	$44.5B
AVGO Broadcom Inc.	$412.50	$1,953.0B	80.3	76.7%	36.6%	$68.3B

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

12.95%

High — management has strong skin in the game

Return on Equity (ROE)

-0.2%

Weak — poor returns on equity

Return on Assets (ROA)

-0.1%

Poor — assets are not generating adequate returns

Debt Trend YoY

-6.9% YoY

Debt is declining — management is deleveraging

Leadership Team

Lip-Bu Tan

CEO & Director

Age 66

Pay: $3,828,200

David Zinsner

Executive VP, CFO & Principal Accounting Officer

Age 56

Pay: $4,218,200

John William Pitzer

Corporate Vice President of Corporate Planning & Investor Relations

Top Institutional Holders

Institution	% Owned	Shares
Blackrock Inc.	8.60%	432,155,824
Vanguard Group Inc	8.05%	404,522,308
Nvidia Corp	4.27%	214,776,632
State Street Corporation	4.15%	208,536,784
Capital World Investors	2.07%	104,060,268
Geode Capital Management, LLC	2.03%	101,931,512
Softbank Group Corporation	1.73%	86,956,522
Primecap Management Company	1.51%	76,132,268

⚠️ Very high beta — extreme price volatility

Risk Analysis

Beta (Market Risk)

2.19

High volatility — moves more than the market

Short Interest

2.9% of float

Low short interest — market is not heavily bearish

Debt-to-Equity

0.36x

Conservative balance sheet — low financial risk

Current Ratio

2.31x

Strong liquidity — Graham approved

52-Week Price Range

Low: $18.97 Current: $96.71 High: $100.45

Currently at 95% of 52-week range

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