Intel
What matters nowUpdated 4 days ago
- Latest development: Intel's newest company item is an October 12 announcement at the OCP Global Summit that it is contributing to the Open Adapter Card workgroup, which is standardizing a sub-rack accelerator card form factor, but the release names no partners and gives no timing 1. The bigger news of the last two weeks is Elon Musk saying on October 7 that Tesla and SpaceX will build and run the Terafab chip complex in Texas, ruling out an operating role for TSMC 2, in a project where Intel is already a partner 3.
- Price: INTC was about $100.28 on a pooled 24/7 venue price at 11:52 UTC on October 13, down 0.13% from a previous close of $100.41. The stock fell 5.16% on October 12 with no published explanation, and fell 5.82% to $107.04 on October 8 in an AI and semiconductor sell-off, where the move data finds no confirmed Intel-specific cause.
- Key numbers: trailing revenue is $57.03B, up 7.47% year over year and 25.42% in the latest quarter, with a 38.6% gross margin and a -0.1% operating margin. Trailing net loss is $11.29B (EPS -$2.12), trailing free cash flow is $2.83B and net debt is $37.66B, all as of June 27, 2026. At a $505.7B market cap the stock trades at 8.87 times sales and 47.8 times EV/EBITDA.
- Positioning and segments: over the last 180 days insiders made one purchase worth $10.0M and two sales worth $6.49M, a net $3.51M of insider buying. In Q2 2026 data center and AI (DCAI) revenue rose 59% to $6.3B, and Intel Foundry revenue rose 31% to $5.8B while its operating loss narrowed to $2.1B.
Intel reports Q3 2026 results after the close on October 29 against company guidance of $15.8B to $16.8B in revenue and $0.38 non-GAAP EPS 4, and it expects external 14A customer commitments in the second half of 2026, unconfirmed and estimated by December 31.
Intel Newsroom · Oct 12
Taipei Times · Oct 7
24/7 Wall St. · Oct 5
Intel investor relations press release · Oct 6
Intel designs and manufactures CPUs and other chips for PCs, servers and AI workloads, and runs a contract foundry business (Intel Foundry) that makes chips for outside customers. It is restructuring around its 18A and 14A manufacturing nodes while the U.S. government holds a passive stake. Headcount fell from 108,900 to 85,100 during 2025 and Altera was deconsolidated in September 2025.↗ source
How it makes money
Intel sells client processors (Core Ultra) and data-center processors (Xeon) directly and through OEMs, ODMs, distributors and cloud providers. Intel Foundry makes wafers and offers packaging and design services to external customers, and its internal wafer sales to the product groups are eliminated in consolidation. Mobileye, a majority-owned subsidiary, sells driver-assistance chips and is reported inside All other.
Last 12 monthsChart & venues →
Valuation & fundamentalsFull financials →
TTM through 2026-06-27 from SEC filings↗ (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Biggest businessesAll products & projects →
Client computing (Core Ultra PCs)
CCPG revenue rose 13% to $8.9B in Q2 2026, and Panther Lake (Core Ultra Series 3) entered high-volume manufacturing for a subset of processors.
Data center Xeon
DCAI revenue rose 59% to $6.3B in Q2 2026 and operating income reached $2.5B, as AI infrastructure demand lifted server CPU sales.
Next: EUR 5B investment to expand Intel 3 capacity for Xeon 6 and next-generation Xeon · 2026-07-23
Intel Foundry
Foundry revenue rose 31% to $5.8B in Q2 2026 and its operating loss narrowed to $2.1B. The main open question is whether it can sign outside customers for 14A.
Intel 18A process
18A is in high-volume manufacturing in Arizona and Oregon, and the 18A-P variant entered risk production in Q2 2026.
Latest newsAll news →
Nasdaq falls 2.1% for its worst week since June as chip stocks slide on AI financing worries
US stocks fell on Friday as the tech sell-off extended: the Nasdaq closed down 2.1% at 26,140.03 for its first weekly loss in five weeks and worst since June, and the S&P 500 lost 1.1%.
Intel contributes to Open Adapter Card workgroup for standard sub-rack accelerator form factor
Intel said on October 12, at the OCP Global Summit, that it is contributing to the Open Adapter Card workgroup.
Applied Materials unveils $5B EPIC Center in Sunnyvale with TSMC, Intel, Samsung, Micron and SK hynix as founders
Applied Materials unveiled its EPIC Center on October 12, 2026, at its Sunnyvale, California campus.
Musk says Tesla and SpaceX will build and run Terafab, with TSMC limited to a possible sublease
In posts on October 7, Elon Musk said his companies would build and operate the Terafab chip complex in Texas on their own, ruling out an operating role for TSMC.
Intel sets Q3 2026 results for October 29 after the close
Intel said it will report third-quarter 2026 results on Thursday, October 29, 2026, promptly after the U.S.
Applied Materials and Intel collaborate on transistors, interconnects and advanced packaging for AI chips
Applied Materials and Intel will work together to speed up development of next-generation transistors, interconnects and advanced packaging for AI chips.
Products & businesses
Client computing (Core Ultra PCs)
CCPG revenue rose 13% to $8.9B in Q2 2026, and Panther Lake (Core Ultra Series 3) entered high-volume manufacturing for a subset of processors.
Data center Xeon
DCAI revenue rose 59% to $6.3B in Q2 2026 and operating income reached $2.5B, as AI infrastructure demand lifted server CPU sales.
Next: EUR 5B investment to expand Intel 3 capacity for Xeon 6 and next-generation Xeon · 2026-07-23
Intel Foundry
Foundry revenue rose 31% to $5.8B in Q2 2026 and its operating loss narrowed to $2.1B. The main open question is whether it can sign outside customers for 14A.
Intel 18A process
18A is in high-volume manufacturing in Arizona and Oregon, and the 18A-P variant entered risk production in Q2 2026.
US government stake and CHIPS Act funding
The U.S. government agreed to buy 433.3M Intel shares (about 9.9% at signing) for $8.9B, funded by unpaid CHIPS grants and Secure Enclave money. Its stake is passive.
Mobileye
Q2 2026 revenue was flat at $508M, and Intel narrowed Mobileye's 2026 revenue guidance to $1.97B-$2.02B.
Altera (49% stake)
Intel sold 51% of Altera on September 12, 2025 and kept 49%, now accounted for under the equity method.
NVIDIA investment and partnership
NVIDIA bought $5.0B of Intel common stock, completed in FY2025. The partnership is a strategic tie-up rather than a revenue line.
Manufacturing capacity and capex
Q2 2026 gross capex was $2.7B and H1 2026 gross capex was $7.6B. Intel says it is substantially increasing spending on equipment, clean rooms and substrates, and adjusted free cash flow was -$8.4B in Q2.
Next: EUR 5B investment to expand Intel 3 capacity announced · 2026-07-23
What it's building next
Intel 14A process
No external 14A customer is committed yet. Intel says customers should begin firm supplier decisions in H2 2026.
Next: Intel expects external 14A customers to begin firm supplier decisions in H2 2026 · 2026-07-01
Custom silicon for external customers
Intel's only named purpose-built silicon win in Q2 2026 is Fortinet's security processor, made with Intel design, packaging and manufacturing.
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Client Computing (CCPG)↗ PC processors, including the Core Ultra family. Reported as Client Computing Group (CCG) in the FY2025 results; renamed Client Computing and Physical AI Group (CCPG) in 2026. Revenue share is of total Intel Products revenue (FY2025 $49.1B), because Foundry and All other revenue includes intersegment sales. | $32.23B | 65.6% | |
| Data Center and AI (DCAI)↗ Xeon server processors and AI-related data-center products. Revenue share is of total Intel Products revenue (FY2025 $49.1B). | $16.92B | 34.4% | |
| Intel Foundry↗ Chip manufacturing and advanced packaging. Its revenue includes internal wafer sales to CCPG and DCAI, which are eliminated at consolidation (FY2025 eliminations $17.7B across all segments), so no revenue share is shown. FY2025 operating loss was $10.3B. | $17.83B | — | |
| All other↗ Non-reportable businesses, including Mobileye and the Altera results before its September 12, 2025 deconsolidation. Revenue is before intersegment eliminations, so no revenue share is shown. | $3.56B | — |
Fiscal FY2025 · from the annual report
Valuation & fundamentals
TTM through 2026-06-27 from SEC filings↗ (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q2 FY2026↗ 2026-06-27 | Q1 FY2026↗ 2026-03-28 | Q4 FY2025↗ 2025-12-27 | Q3 FY2025↗ 2025-09-27 | Q2 FY2025↗ 2025-06-28 | Q1 FY2025↗ 2025-03-29 | Q4 FY2024↗ 2024-12-28 | Q3 FY2024↗ 2024-09-28 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $57.03B | $16.13B +25% | $13.58B +7% | $13.67Bd -4% | $13.65B +3% | $12.86B +0% | $12.67B -0% | $14.26Bd -7% | $13.28B -6% |
| Gross profit | $22.02B | $6.51B +84% | $5.35B +14% | $4.94Bd -11% | $5.22B +161% | $3.54B -22% | $4.67B -10% | $5.58Bd -21% | $2.00B -67% |
| Operating income | −$77.0M | $1.80B | −$3.14B | $580.0Md +41% | $683.0M | −$3.18B | −$301.0M | $412.0Md -84% | −$9.06B |
| Net income | −$11.29B | −$11.03B | −$3.73B | −$591.0Md | $4.06B | −$2.92B | −$821.0M | −$126.0Md -105% | −$16.64B -5702% |
| EPS (diluted) | — | −$2.16 | −$0.73 | — | $0.90 | −$0.67 | −$0.19 | −$0.01d | −$3.88 -5643% |
| Operating cash flow | $14.94B | $7.01Bd +242% | $1.10B +35% | $4.29Bd +35% | $2.55Bd -37% | $2.05Bd -11% | $813.0M | $3.17Bd -32% | $4.05Bd -30% |
| Capital expenditure | $12.11B | $2.56Bd -28% | $3.64B -30% | $3.49Bd -40% | $2.42Bd -62% | $3.55Bd -38% | $5.18B -13% | $5.83Bd -13% | $6.46Bd +12% |
| Share buybacks | — | — | — | — | — | — | — | — | — |
| Cash & equivalents | $12.87B | $12.87B | $17.25B | $14.27B | $11.14B | $9.64B | — | $8.25B | — |
| Total debt | $50.54B | $50.54Bd | $45.03Bd | $46.59Bd | $46.55Bd | $52.76Bd | $51.65Bd | $50.01Bd | $50.24Bd |
| Shares outstanding | 5.04B | 5.04B | 5.02B | 4.99B | 4.77B | 4.38B | 4.36B | 4.33B | 4.31B |
| Metric | FY2025↗ 2025-12-27 | FY2024↗ 2024-12-28 | FY2023↗ 2023-12-30 | FY2022↗ 2022-12-31 |
|---|---|---|---|---|
| Revenue | $52.85B -0% | $53.10B -2% | $54.23B -14% | $63.05B |
| Cost of revenue | $34.48B -4% | $35.76B +10% | $32.52B -10% | $36.19B |
| Gross profit | $18.38B +6% | $17.34B -20% | $21.71B -19% | $26.87B |
| Research & development | $13.77B -17% | $16.55B +3% | $16.05B -8% | $17.53B |
| Operating income | −$2.21B | −$11.68B -12657% | $93.0M -96% | $2.33B |
| EBIT | −$2.21B | −$11.68B -12657% | $93.0M -96% | $2.33B |
| Pre-tax income | $1.56B | −$11.21B -1571% | $762.0M -90% | $7.77B |
| Depreciation & amortization | $10.76B +8% | $9.95B +27% | $7.85B -29% | $11.13B |
| Interest expense | $1.09B +6% | $1.03B +18% | $878.0M +77% | $496.0M |
| Income tax | $1.53B -81% | $8.02B | −$913.0M | −$249.0M |
| Net income | −$267.0M | −$18.76B -1210% | $1.69B -79% | $8.01B |
| EPS (diluted) | −$0.06 | −$4.38 -1195% | $0.40 -79% | $1.94 |
| Dividends per share | — | $0.38 -49% | $0.74 -49% | $1.46 |
| Diluted shares (weighted) | 4.53B | 4.28B | 4.21B | 4.12B |
| Operating cash flow | $9.70B +17% | $8.29B -28% | $11.47B -26% | $15.43B |
| Capital expenditure | $14.65B -39% | $23.94B -7% | $25.75B +4% | $24.84B |
| Share buybacks | — | — | $0 | $0 |
| Dividends paid | $0 -100% | $1.60B -48% | $3.09B -49% | $6.00B |
| Cash & equivalents | $14.27B | $8.25B | — | — |
| Long-term debt (incl. current portion) | $46.59B | $50.01B | $49.27B | $38.11B |
| Total debt | $46.59Bd | $50.01Bd | $49.27Bd | $42.01Bd |
| Total assets | $211.43B | $196.49B | $191.57B | $182.10B |
| Total liabilities | $97.15Bd | $97.22Bd | $85.98Bd | $80.68Bd |
| Shareholders' equity | $114.28B | $99.27B | $105.59B | $101.42B |
| Shares outstanding | 4.99B | 4.33B | 4.23B | 4.14B |
From XBRL data in SEC filings; the ↗ on each period opens the filing it was read from. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
Nasdaq falls 2.1% for its worst week since June as chip stocks slide on AI financing worries
US stocks fell on Friday as the tech sell-off extended: the Nasdaq closed down 2.1% at 26,140.03 for its first weekly loss in five weeks and worst since June, and the S&P 500 lost 1.1%.
Intel contributes to Open Adapter Card workgroup for standard sub-rack accelerator form factor
Intel said on October 12, at the OCP Global Summit, that it is contributing to the Open Adapter Card workgroup.
Applied Materials unveils $5B EPIC Center in Sunnyvale with TSMC, Intel, Samsung, Micron and SK hynix as founders
Applied Materials unveiled its EPIC Center on October 12, 2026, at its Sunnyvale, California campus.
Musk says Tesla and SpaceX will build and run Terafab, with TSMC limited to a possible sublease
In posts on October 7, Elon Musk said his companies would build and operate the Terafab chip complex in Texas on their own, ruling out an operating role for TSMC.
Intel sets Q3 2026 results for October 29 after the close
Intel said it will report third-quarter 2026 results on Thursday, October 29, 2026, promptly after the U.S.
Applied Materials and Intel collaborate on transistors, interconnects and advanced packaging for AI chips
Applied Materials and Intel will work together to speed up development of next-generation transistors, interconnects and advanced packaging for AI chips.
Applied Materials and Intel collaborate on transistors, interconnects and advanced packaging for AI chips
Applied Materials and Intel will work together to speed up development of next-generation transistors, interconnects and advanced packaging for AI chips.
TSM ADR touches record high as Musk confirms early talks with TSMC on Terafab
The TSM ADR rose about 2% to US$484.19 on October 5 in midday trading after touching an intraday record, as Elon Musk confirmed early-stage talks with TSMC about the Terafab chip project in Texas.
Reuters reports SK hynix in talks with Intel on first U.S. memory production; company says nothing decided
Reuters reported on September 16 that SK hynix is in exploratory talks with Intel to make memory chips in the United States, which would be its first U.S.-based memory production.
SK Hynix in early talks with Intel to make memory chips in the US
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Intel Foundry and ASML say High NA EUV is in high-volume use
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Intel CFO David Zinsner to speak at Deutsche Bank tech conference
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Intel upsizes stock sale to $20B, priced at $95 a share
Intel upsized its common stock offering to $20 billion and priced 210,526,315 shares at $95 each.
Intel announces proposed $15 billion common stock offering
Intel announced a proposed underwritten public offering of $15 billion of common stock, with a 30-day underwriter option worth up to $2.25 billion more.
Intel names Dean Jarnac chief sales officer; Greg Ernst departs
Intel named Dean Jarnac executive vice president and chief sales officer, reporting directly to CEO Lip-Bu Tan, and said he will join in September 2026.
Intel shares rise about 6% premarket after upbeat forecast and higher capex
Intel shares rose about 6% in premarket trading on July 24, 2026, after the company gave a third-quarter revenue forecast above Wall Street estimates, according to Reuters.
Intel reports fiscal Q2 2026 results: revenue $16.13B, up 25% from a year earlier
Intel filed a Form 8-K with the SEC on Jul 23, 2026, 4:09 PM ET, reporting an event dated Jul 23, 2026.
Intel commits EUR 5 billion to expand Intel 3 capacity for Xeon 6
Intel announced a 5 billion euro investment to expand manufacturing capacity on Intel 3, which will increase production of Xeon 6 and next-generation Xeon processors.
Intel and Fortinet agree to co-develop Fortinet's SP6 security processor
Intel and Fortinet announced a strategic partnership to help develop Fortinet's Security Processor 6 (SP6), combining Fortinet's chip design know-how with Intel's design, packaging and manufacturing capabilities.
Intel schedules Q2 2026 results for July 23, after the close
Intel announced on June 30, 2026 that it will report second-quarter 2026 results on Thursday, July 23, after the market closes, with a call at 2 p.m.
Intel hires Seok-Hee Lee as Foundry EVP to run advanced packaging; Navid Shahriari retires
Intel appointed Seok-Hee Lee executive vice president of Intel Foundry, reporting to CEO Lip-Bu Tan, and made advanced packaging a dedicated business under her.
Trump says Apple agreed to work with Intel on US chips; neither company confirms
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Intel says 18A-P has entered risk production, with 9% higher performance at equal power
At the VLSI Symposium on June 16, 2026, Intel Foundry said 18A-P, the first performance enhancement of the 18A family, has entered risk production on the timeline it gave customers in 2025.
Intel launches Xeon 6+ on 18A and unveils rack-scale AI systems at Computex
At Computex in Taipei on June 2, 2026, Intel launched Xeon 6+ server processors built on its 18A process and announced rack-scale AI infrastructure with SambaNova and a disaggregated inference cloud.
Intel named official compute partner of McLaren Racing in multiyear deal
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WSJ reports Intel reached preliminary deal to make some chips for Apple; Intel stock rises about 15%
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Intel appoints Alex Katouzian to lead Client Computing and Physical AI Group; Pushkar Ranade named CTO
Intel named Alex Katouzian executive vice president and general manager of the Client Computing and Physical AI Group, reporting to CEO Lip-Bu Tan.
Intel shares surge as much as 24% after Q1 beat and upbeat Q2 guidance
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Intel shares rise 23.6% on April 24, biggest one-day gain since 1987, after Q1 beat
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Intel reports fiscal Q1 2026 results: revenue $13.58B, up 7% from a year earlier
Intel filed a Form 8-K with the SEC on Apr 23, 2026, 4:07 PM ET, reporting an event dated Apr 23, 2026.
SEC filings
| Aug 28, 26 | N-PX | N-PX: Proxy voting record | sec.gov ↗ |
| Aug 14, 26 | 4 | Form 4: TAN LIP BU (CEO, Director) — open-market buy 105,263 sh | sec.gov ↗ |
| Aug 14, 26 | 13F-HR | 13F-HR: Institutional holdings report | sec.gov ↗ |
| Aug 12, 26 | 8-K | 8-K: Regulation FD Disclosure, Other Events (Items 7.01, 8.01) | sec.gov ↗ |
| Aug 11, 26 | 424B5 | 424B5: Prospectus supplement | sec.gov ↗ |
| Aug 10, 26 | FWP | FWP: Free writing prospectus | sec.gov ↗ |
| Aug 10, 26 | 424B5 | 424B5: Prospectus supplement | sec.gov ↗ |
| Aug 10, 26 | S-3ASR | S-3ASR: Automatic shelf registration statement | sec.gov ↗ |
| Aug 3, 26 | 4 | Form 4: Chandrasekaran Nagasubramaniyan (EVP, CT & Ops Off, GM Foundry) — option exercise 33,007 sh, tax withholding 14,738 sh | sec.gov ↗ |
| Aug 3, 26 | 4 | Form 4: BARRATT CRAIG H (Director) — derivative/holdings only | sec.gov ↗ |
| Jul 24, 26 | S-8 | S-8: Employee plan share registration | sec.gov ↗ |
| Jul 24, 26 | S-8 | S-8: Employee plan share registration | sec.gov ↗ |
| Jul 23, 26 | IRANNOTICE | IRANNOTICE: Filing | sec.gov ↗ |
| Jul 23, 26 | 10-Q | 10-Q: Quarterly report for the period ended Jun 27, 2026 | sec.gov ↗ |
| Jul 23, 26 | 8-K | 8-K: Results of Operations (Item 2.02) | sec.gov ↗ |
| Jun 11, 26 | 11-K | 11-K: Employee stock plan annual report | sec.gov ↗ |
| Jun 2, 26 | 4 | Form 4: Zinsner David (EVP, CFO) — option exercise 37,015 sh, tax withholding 18,353 sh | sec.gov ↗ |
| Jun 2, 26 | 4 | Form 4: Katouzian Aliyar (EVP, GM CC & Physical AI Grp) — derivative/holdings only | sec.gov ↗ |
| Jun 2, 26 | 4 | Form 4: Chandrasekaran Nagasubramaniyan (EVP, CT & Ops Off, GM Foundry) — open-market sale 21,024 sh | sec.gov ↗ |
| Jun 2, 26 | 4 | Form 4: Bawa Aparna (EVP, CLO & CPO) — derivative/holdings only | sec.gov ↗ |
| May 29, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| May 22, 26 | 3 | Form 3: Initial insider ownership statement | sec.gov ↗ |
| May 22, 26 | 3 | Form 3: Initial insider ownership statement | sec.gov ↗ |
| May 19, 26 | SD | SD: Specialized disclosure (conflict minerals) | sec.gov ↗ |
| May 15, 26 | 4 | Form 4: WEISLER DION J (Director) — derivative/holdings only | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-11 | TAN LIP BU CEO, Director | Buy | 105.3K | $95.00 | $10.0M |
| 2026-05-29 | Chandrasekaran Nagasubramaniyan EVP, CT & Ops Off, GM Foundry | Sale | 21.0K | $118.28 | $2.5M |
| 2026-05-01 | Miller Boise April EVP and Chief Legal Officer | Sale | 40.3K | $99.53 | $4.0M |
| 2026-02-02 | Miller Boise April EVP and Chief Legal Officer | Sale | 20.0K | $49.05 | $981.0K |
| 2026-01-26 | Zinsner David EVP, CFO | Buy | 5.9K | $42.50 | $250.0K |