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Intel Corporation
S&P 500 Nasdaq 100
🏹 Trader: | BRS 60 Forming View all →
$454.5B
Market Cap
125.6
P/E
4.93
PEG
0.0%
ROCE
0.0%
ROE
0.37
D/E
1.8%
OPM
-27.0%
% from 52W High
97
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for INTC including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

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.

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📈 Growth Pattern
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⭐ Superinvestors Holding INTC
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 7.40M $326.5M 0.51% Mar 2026
Steve Cohen Point72 Asset Management 2.95M $130.1M 0.17% Mar 2026
Tiger Global Management Tiger Global Management LLC 1.64M $72.3M 0.32% Mar 2026
Stan Druckenmiller Duquesne Family Office 411.4K $18.2M 0.54% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$16.1B
+25% YoY
Non-GAAP Operating Margin
17.2%
+21.1pp YoY
Non-GAAP Net Income Attributable to Intel
$2.2B
+$2.6B YoY
Non-GAAP EPS
$0.42
+$0.52 YoY
What Went Right
  • Revenue of $16.1B came in $1.8B above the midpoint of guidance, with 25% YoY growth — the strongest in more than 15 years.
  • DCAI revenue grew 59% YoY to $6.3B, with record server growth and Xeon 6 one of the fastest-ramping products in Intel history.
  • Non-GAAP gross margin of 41.8% beat guidance by ~280bps; 18A output was ~25% above target and up >50% QoQ.
What to Watch
  • Supply remains severely constrained across wafers, memory, substrates and advanced packaging, so demand continues to outpace supply.
  • PC consumption is expected to be sub-seasonal in 2H26 and down low double-digit percent for 2026, driven by rising memory prices and constraints.
  • 2027 CapEx is expected to be significantly above 2026 levels, and back-end/substrate investments could be a drag on cash flow; early 18A products are still below corporate-average gross margin.
Management Guidance
  • Q3 2026 revenue guided to $15.8B-$16.8B, with midpoint of $16.3B.
  • Q3 non-GAAP gross margin midpoint guided to 42%, tax rate 11%, non-GAAP EPS $0.38.
  • 2026 non-GAAP operating expenses held to ~$16.5B.
  • 2026 CapEx now expected to be more than $20B, with 2027 CapEx significantly above 2026.
  • NCI expected to net to ~$250M per quarter in Q3/Q4 2026 and ~$1.1B for 2027 and 2028.
Investor Lens
The thesis is stronger after this call: Intel beat guidance across revenue, gross margin and EPS, with AI-driven businesses growing >70% YoY and contributing ~70% of revenue. The 18A ramp is ahead of internal targets, and the decision to raise 2026 and 2027 CapEx signals confidence in both internal and external foundry demand. The main offsets are persistent industry supply constraints, a softening PC end-market and early-18A products still weighing on gross margin. Longer-term, management sees strong server CPU unit growth and multi-billion-dollar opportunities in physical AI, purpose-built silicon and advanced packaging.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Q2 beats: revenue $16.1B, EPS $0.42, strongest growth in 15 years.
Revenue
Q2 revenue was $16.1B, up 25% YoY and $1.8B above the midpoint of guidance. Segment revenue: CCPG $8.9B (+13% YoY), DCAI $6.3B (+59% YoY), Intel Foundry $5.8B (+31% YoY).
Profitability
Non-GAAP net income attributable to Intel was $2.2B versus a $(0.4)B loss a year ago, delivering non-GAAP EPS of $0.42 versus $0.20 guidance. GAAP net loss attributable to Intel was $(11.0)B, or $(2.16) per share.
Margins
Non-GAAP gross margin was 41.8%, up 12.1pp YoY and ~280bps above guidance. Non-GAAP operating margin was 17.2%, up 21.1pp YoY; segment operating margins were 26% for CCPG and 40% for DCAI.
Balance Sheet
Operating cash flow was $7.0B, with cash and short-term investments of ~$30B and a $10B revolver. 2026 CapEx guidance was raised to more than $20B, with 2027 CapEx expected to be significantly higher.
Key Risks
Management flagged severe, persistent supply constraints in wafers, memory and substrates, limiting near-term shipment growth. PC consumption is expected to decline low double-digit percent in 2026, and CCPG took inventory charges due to match-set issues; early 18A products are still below corporate-average gross margin.
Outlook
Q3 revenue is guided to $15.8B-$16.8B with non-GAAP gross margin of 42% and EPS of $0.38. Management expects supply to improve toward the end of Q3 and into Q4, but says Intel will still be behind demand.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-23
Q2 results exceeded expectations with revenue of $16.1B and strong AI-driven growth. Supply constraints persist, but robust demand is driving increased CapEx and capacity expansion, especially in AI and server segments. Guidance for Q3 remains strong, with continued focus on operational discipline.
Q1 2026 Q1 2026 2026-04-23
Q1 results exceeded expectations with strong AI-driven growth and robust demand outpacing supply. Guidance calls for continued sequential revenue growth, with double-digit server CPU unit growth expected, though PC TAM is forecast to decline.
Q4 2025 Q4 2025 2026-01-22
Q4 revenue, gross margin, and EPS exceeded guidance, driven by strong AI and server demand, but acute supply constraints limited full market capture. 2026 guidance reflects ongoing supply challenges, with gross margin expected to improve as yields and supply increase.
Q3 2025 Q3 2025 2025-10-23
Q3 revenue, gross margin, and EPS exceeded guidance, driven by strong AI and core market demand. Cash position improved with major investments and asset sales, while supply constraints and industry shortages are expected to persist into 2026.
Q2 2025 Q2 2025 2025-07-24
Q2 revenue exceeded guidance, driven by client and data center strength, but profitability was impacted by one-time charges and restructuring. The company is executing major cost reductions, refocusing its foundry strategy, and targeting AI and x86 innovation, with cautious CapEx and OpEx guidance for 2025–2026.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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