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Intel
(NASDAQ:INTC)
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Rating:63Neutral
Price Target:
$140.00
▲(104.38% Upside)
Action:Reiterated
Date:05/16/26
INTC scores as a mid-range opportunity: strong technical momentum is the biggest positive, supported by a constructive earnings update (beats and growth-oriented guidance). The main constraints are still-weak fundamentals (negative net income and negative free cash flow) and a valuation picture dominated by losses (negative P/E), with incremental leverage-related risk from recent financing activity.
Positive Factors
AI-driven Revenue Momentum
A large and fast-growing AI revenue base (60% of revenue, +40% YoY) signals durable secular demand and higher-value product mix. Sustained AI traction supports higher utilization of server CPUs, pricing power in data-center stacks, and predictable multi-year enterprise/cloud demand.
Negative Factors
Negative free cash flow
Sustained negative free cash flow amid large capital commitments limits self-funding and increases reliance on external financing. Persistent FCF deficits constrain discretionary investment, dividend/repurchase optionality, and heighten execution risk if revenue or margin ramps slow.
Read all positive and negative factors
Positive Factors
Negative Factors
AI-driven Revenue Momentum
A large and fast-growing AI revenue base (60% of revenue, +40% YoY) signals durable secular demand and higher-value product mix. Sustained AI traction supports higher utilization of server CPUs, pricing power in data-center stacks, and predictable multi-year enterprise/cloud demand.
Read all positive factors
Intel Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Reveals profitability across different business units, indicating which segments are most lucrative and where the company might focus future efforts.
Reveals profitability across different business units, indicating which segments are most lucrative and where the company might focus future efforts.
Data provided by:
The Fly
The FlyIntel (INTC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$644.94B
Dividend YieldN/A
Average Volume (3M)138.21M
Price to Earnings (P/E)―
Beta (1Y)2.15
Revenue Growth1.36%
EPS Growth86.07%
CountryUS
Employees85,100
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.62
Shares Outstanding5,026,000,000
10 Day Avg. Volume150,357,700
30 Day Avg. Volume138,206,498
Financial Highlights & Ratios
PEG Ratio6.23
Price to Book (P/B)1.54
Price to Sales (P/S)3.33
P/FCF Ratio-35.52
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue11.84
Enterprise Value/Gross Profit33.41
Enterprise Value/Ebitda55.82
Forecast
1Y Price Target
$97.81Price Target Upside42.79% Upside
Rating ConsensusHold
Number of Analyst Covering38
EPS Forecast (FY)1.08
Revenue Forecast (FY)$58.50B
Intel Business Overview & Revenue Model
Company Description
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 Fo...
How the Company Makes Money
Intel makes money primarily by selling semiconductor products and related platform components, and by providing manufacturing and foundry-related services. A major revenue stream comes from its Client Computing business, where it sells PC-focused ...
Intel Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call presented a mix of strong operational and commercial momentum—revenue and margin beats, rapid product ramps, robust AI-driven revenue growth (+40% YoY), and improving foundry output (+20% QoQ). At the same time, material near-term financial headwinds remain: negative adjusted free cash flow in the quarter, a substantial foundry operating loss, supply constraints limiting upside, rising input costs, and an elevated OpEx/CapEx profile following the Fab 34 buyout. Overall, the positives (demand strength, product ramps, technology progress, partnerships, and margin outperformance) appear to meaningfully outweigh the near-term lowlights tied to ramp costs and supply/cost pressures.Positive Updates
Revenue Beat and Guidance Outperformance
Q1 revenue of $13.6 billion, $1.4 billion above the midpoint of guidance; sixth consecutive quarter exceeding financial expectations. Q2 revenue guidance $13.8–$14.8 billion (+2% to +9% sequentially) with a midpoint of $14.3 billion.
Negative Updates
Negative Adjusted Free Cash Flow and Elevated CapEx
Q1 adjusted free cash flow was negative ~$2.0 billion. Although excluding the Fab 34 buyout the company expects positive adjusted FCF for the year, the buyout was funded with ~$7.7 billion cash plus $6.5 billion debt, increasing near-term cash outflows and leverage.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Beat and Guidance Outperformance
Q1 revenue of $13.6 billion, $1.4 billion above the midpoint of guidance; sixth consecutive quarter exceeding financial expectations. Q2 revenue guidance $13.8–$14.8 billion (+2% to +9% sequentially) with a midpoint of $14.3 billion.
Read all positive updates
Company Guidance
Intel guided Q2 revenue of $13.8–$14.8B (up 2–9% sequentially; midpoint $14.3B) with a non‑GAAP gross margin at the midpoint of 39%, a non‑GAAP EPS of $0.20 and an 11% tax rate; management said both CCG and DCAI should see sequential revenue growth in Q2 (DCAI “up double‑digits”) and reiterated expectations for strong, double‑digit server CPU unit growth this year with momentum into 2027 while full‑year PC TAM is expected down low‑double‑digits. For context Q1 revenue was $13.6B (≈$1.4B above prior midpoint), Q1 non‑GAAP gross margin was 41% (~650 bps above guide), Q1 non‑GAAP EPS $0.29 (including ≈$0.06 one‑time), Q1 operating cash flow $1.1B, gross CapEx $5B and adjusted free cash flow −$2B; they now expect 2026 CapEx roughly flat year‑over‑year with tool spend up ~25% and OpEx likely above prior ~$16B target, foundry losses to improve as 18A ramps, NCI ~ $250M/Q in Q2–Q4 (≈$1.1B for 2027/28), Fab 34 buyout funded with ~$7.7B cash + $6.5B debt, and—excluding that buyout—positive adjusted FCF for the year.Intel Financial Statement Overview
Summary
Income Statement
43
Neutral
Balance Sheet
62
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.76B | 52.85B | 53.10B | 54.23B | 63.05B | 79.02B |
| Gross Profit | 19.05B | 18.38B | 17.34B | 21.71B | 26.87B | 43.81B |
| EBITDA | 11.40B | 14.35B | 1.20B | 11.24B | 21.30B | 33.87B |
| Net Income | -3.17B | -267.00M | -18.76B | 1.69B | 8.01B | 19.87B |
Balance Sheet | ||||||
| Total Assets | 205.33B | 211.43B | 196.49B | 191.57B | 182.10B | 168.41B |
| Cash, Cash Equivalents and Short-Term Investments | 32.79B | 37.42B | 22.06B | 25.03B | 28.34B | 29.25B |
| Total Debt | 45.03B | 46.59B | 50.01B | 49.28B | 42.05B | 38.10B |
| Total Liabilities | 80.34B | 85.07B | 91.45B | 81.61B | 78.82B | 73.02B |
| Stockholders Equity | 111.39B | 114.28B | 99.27B | 105.59B | 101.42B | 95.39B |
Cash Flow | ||||||
| Free Cash Flow | -3.12B | -4.95B | -15.66B | -14.28B | -9.62B | 9.13B |
| Operating Cash Flow | 9.98B | 9.70B | 8.29B | 11.47B | 15.43B | 29.46B |
| Investing Cash Flow | -11.81B | -14.82B | -18.26B | -24.04B | -10.23B | -24.28B |
| Financing Cash Flow | 10.58B | 11.59B | 11.14B | 8.51B | 1.11B | -6.21B |
Intel Technical Analysis
Positive
68.50
Price Trends
108.39
Positive
78.30
Positive
58.23
Positive
Market Momentum
7.14
Negative
56.78
Neutral
61.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INTC, the sentiment is Positive. The current price of 68.5 is below the 20-day moving average (MA) of 119.42, below the 50-day MA of 108.39, and above the 200-day MA of 58.23, indicating a bullish trend. The MACD of 7.14 indicates Negative momentum. The RSI at 56.78 is Neutral, neither overbought nor oversold. The STOCH value of 61.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INTC.
Intel Risk Analysis
Intel disclosed 7 risk factors in its most recent earnings report. Intel reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Intel Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
88 Outperform | $4.66T | 29.72 | 111.66% | 0.02% | 70.68% | 109.57% | |
82 Outperform | $687.58B | 62.26 | 51.97% | 0.63% | 18.56% | 26.42% | |
82 Outperform | $1.90T | 31.86 | 36.93% | 0.82% | 37.40% | 54.80% | |
79 Outperform | $850.49B | 175.16 | 8.08% | ― | 34.97% | 123.87% | |
77 Outperform | $1.74T | 60.17 | 36.40% | 0.69% | 32.29% | 125.17% | |
63 Neutral | $644.94B | -212.45 | -2.95% | ― | 1.36% | 86.07% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
INTC
Intel
139.63
116.78
511.07%
AMD
Advanced Micro Devices
539.49
403.38
296.36%
ASML
ASML Holding
1,883.11
1,097.88
139.82%
AVGO
Broadcom
372.45
109.64
41.72%
NVDA
Nvidia
200.09
46.99
30.70%
TSM
TSMC
477.57
254.80
114.38%
Intel Corporate Events
Executive/Board ChangesShareholder Meetings
Intel Shareholders Back Board, Pay and Governance Plans
Positive
May 15, 2026
Intel’s May 13, 2026 annual meeting of stockholders recorded 79.11% participation and resulted in the election of all 11 director nominees and the ratification of the independent auditor, signaling broad investor support for current governan...
Business Operations and StrategyPrivate Placements and Financing
Intel Raises $6.5 Billion Through Multi-Tranche Senior Notes
Positive
Apr 30, 2026
On April 30, 2026, Intel issued a total of $6.5 billion in senior notes across multiple maturities, including tranches due in 2031, 2033, 2036, 2056, and 2066, with coupons ranging from 4.650% to 6.200%. The notes were sold under an underwriting a...
Executive/Board Changes
Intel CFO Assumes Additional Role as Principal Accounting Officer
Neutral
Apr 24, 2026
On April 24, 2026, Intel announced that Corporate Vice President and Chief Accounting Officer Scott Gawel resigned as the company’s principal accounting officer, effective immediately, to pursue another career opportunity. At the same time, ...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Intel Reacquires Full Ownership of Ireland Fab 34 Facility
Positive
Apr 8, 2026
On April 8, 2026, Intel repurchased the 49% equity stake held by Apollo-managed funds in their joint venture for Ireland’s Fab 34, paying $14.2 billion financed with cash on hand and a $6.5 billion bridge loan, giving Intel full ownership of...
Business Operations and StrategyExecutive/Board Changes
Intel Announces Planned Departure of Chief Legal Officer
Neutral
Apr 3, 2026
On March 30, 2026, Intel announced that Executive Vice President and Chief Legal Officer April Miller Boise will depart the company, with her separation effective June 1, 2026. Upon leaving, she will receive severance benefits under Intel’s ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.