Intel Corporation

Intel designs and manufactures computer chips, chiefly CPUs (central processing units, the main processor in a PC or server), plus graphics chips and other accelerators. Its main customers are PC and server brands, the contract manufacturers that build their devices, and cloud service providers, along with industrial and communications equipment makers. It reaches them through its own sales force and through distributors, resellers and retailers.

Unlike most rivals, which rely on outside manufacturers such as TSMC or Samsung, Intel makes most of its own chips, many in U.S. factories. It says it is the only company in the U.S. that both develops leading-edge (most advanced) chipmaking processes and mass-produces chips with them. Its newest process, Intel 18A, went into its first products in 2025. Intel also runs a foundry business that makes chips designed by other companies, though its annual report filed January 23, 2026 says it has few external customers.

In fiscal 2025, which ended December 27, 2025, revenue was $52.9 billion. The Client Computing Group, which supplies processors for PCs and other devices, brought in 61% of that. Data Center and AI, which supplies server processors and AI chips, contributed 32%, and all other businesses 6.7%. By region, the U.S. accounted for 29.8% of revenue, China 24%, Singapore 18% and Taiwan 14.5%.

• In Q3 FY2026 (ended Sep 26, 2026), revenue was $16.51B, up 20.9% from a year earlier, and net income was $3.32B (-18.3%).
• For fiscal 2025, revenue was $52.85B (-0.5% year over year; -7.5% a year from FY2020 to FY2025) with a -0.5% net margin.

• Over FY2021–FY2025: $2.42B in buybacks and $16.33B in dividends.
• The company pays no regular dividend.
• Regular dividends per share grew -26.7% a year over 4 years (FY2020–FY2024).
• Shares outstanding changed +30.5% from Jan 21, 2022 to Oct 23, 2026.

Rank among 1514 US companies

Market value at each year end

Intel’s market value went from $171.88B at the end of 2016 to $318.74B on Nov 2, 2026, up 85%; since the end of 2025 it is up 81%.

Form 4 filings from 2025-11-03 to 2026-11-03 (25 read): 1 open-market purchases ($10.0M) and 1 sales ($2.5M).

Large shareholders (13G filings)

ETFs with the most weight in INTC

1. Foundry plan hinges on winning outside customers. Intel's foundry had few outside customers as of early 2026. Without a significant customer for its next process, Intel 14A, Intel may pause or drop it and rely on outside foundries such as TSMC.
2. U.S. government deals could be ruled void. Congress, the courts or the executive branch could later rule the deals that made the U.S. government a major stockholder unauthorized or void. The deals also ended its rights to future grants under federal chip-subsidy agreements.
3. Dilution and weaker say for shareholders. The government transactions dilute existing shareholders, shrinking each share's slice of the company, and the government's stake reduces other stockholders' voting rights. Shares outstanding rose 30.5% between January 21, 2022 and October 23, 2026.
4. Government stake could hurt business abroad. Intel warns that having the U.S. government as a significant stockholder may hurt its business outside the U.S. In fiscal 2025, China alone accounted for 24% of revenue, versus 29.8% from the U.S.
5. Costly factories strain cash flow. Owning factories means higher capital and research spending than rivals that outsource, and leading-edge processes need more volume than Intel's own products supply. In fiscal 2025, capital spending exceeded cash from operations by $4.9 billion.
6. Competition is intensifying across its products. Intel faces AMD, Qualcomm and NVIDIA, chips based on the rival ARM architecture, and customers' own designs: Apple replaced Intel CPUs in its PCs in 2020, and big cloud providers increasingly use custom chips.

• Oct 29, 2026 Quarterly results released
• Aug 12, 2026 Investor presentation or announcement; Other company announcement
• Jul 23, 2026 Quarterly results released
• May 15, 2026 Shareholder vote results
• Apr 30, 2026 Other company announcement
• Apr 24, 2026 Executive or board change
• Apr 23, 2026 Quarterly results released
• Apr 8, 2026 Other company announcement
• Apr 3, 2026 Executive or board change
• Mar 3, 2026 Investor presentation or announcement; Other company announcement

Intel no longer pays a dividend. Dividends per share fell from $1.46 in fiscal 2022 to $0.38 in fiscal 2024, and none were paid in fiscal 2025; the yield was 0% as of October 30, 2026. Earnings and free cash flow (cash left after capital spending) were both negative in fiscal 2025, leaving no profits to pay out. Share repurchases totaled $2.4 billion over fiscal 2021–2025, all in fiscal 2021, while the share count grew 30.5% between January 2022 and October 2026. Any return for an income investor must come from the share price.

The share price has fallen hard in downturns. It dropped 55.2% in the 2008 financial crisis and took about 32 months from its low to recover. It fell 33.5% in the 2020 COVID crash and recovered in 12 months. In the 2022 bear market it fell 54% and did not regain its peak until January 21, 2026. Single stocks carry more risk than diversified funds.