{"schemaVersion":1,"research":true,"symbol":"intc","name":"Intel","topic":"moat","path":"/stock/intc/moat","status":"published","version":4,"updatedAt":"2026-10-18T12:04:31.678Z","locked":false,"publicFairValue":false,"fairValue":null,"moat":{"verdict":"none","summary":"Intel's disclosed market-share losses, manufacturing delays and unsuccessful AI accelerator efforts establish realized competitive weakness despite substantial IP and manufacturing capabilities. First-half 2026 server demand, customer deposits and actual pricing actions provide evidence of customer value and some pricing flexibility. However, ASP gains predominantly reflect premium mix, and supply shortages limit conclusions about durable pricing power. A manufacturing turnaround remains potential rather than an established moat.","advantages":[{"mechanism":"intangible_assets","claim":"Intel possesses significant IP and manufacturing expertise, but these assets have not prevented market-share losses or established current product leadership.","durability":"Protection is fragile: Intel discloses that products can become obsolete before related patents expire or are granted. Durable technological superiority is not demonstrated.","risks":"Process delays have strengthened competing products, while spending has shifted toward AI GPUs where Intel acknowledges unsuccessful participation.","invalidation":"Further client or data-center share losses and repeated unsuccessful product launches would undermine remaining competitive protection. Conversely, sustained share recovery and demonstrated process and product leadership across successive generations would challenge the no-moat assessment.","competitors":[],"evidenceIds":["e1","e2"],"counterEvidenceIds":["e3","e4","e5"]},{"mechanism":"cost_advantage","claim":"Intel's operating fabs and substantial manufacturing investment create capabilities that are difficult to replicate, but do not demonstrate a relative cost advantage. Foundry expansion is a prospective advantage.","durability":"Manufacturing scale requires continued utilization, competitive yields and repeated process execution. Existing capacity has also required impairments.","risks":"Established foundries compete across technology, yields, price and ecosystem support. Intel has experienced process disadvantages and excess manufacturing capacity. Foundry revenue growth partly reflects Altera's deconsolidation.","invalidation":"Continued capacity write-downs, process delays or inability to win economically attractive external production would reject a manufacturing-cost moat. Demonstrated competitive production costs, sustained utilization and repeat external customer wins would warrant reassessment.","competitors":["TSMC","Samsung","Global Foundries","UMC","SMIC"],"evidenceIds":["e6","e7"],"counterEvidenceIds":["e4","e8","e9","e10"]}],"evidence":[{"id":"e1","sourceId":"filing-1","location":"Intellectual Property","excerpt":"Intellectual Property We own and develop significant IP and related IP rights around the world that support our products, services, R&D and other activities and assets."},{"id":"e2","sourceId":"filing-1","location":"Intellectual Property / technological obsolescence","excerpt":"and other countries. Because of the fast pace of innovation and product development, our products are often obsolete before the patents related to them expire, and in some cases our products may be obsolete before the patents are granted."},{"id":"e3","sourceId":"filing-1","location":"Risk Factors / realized market-share losses","excerpt":"For example, we have lost market share in recent years, including in both client and data center markets, in the market for x86-based semiconductor products, and more generally in the markets for semiconductor compute products, as competitors have introduced highly competitive data center and client platform products."},{"id":"e4","sourceId":"filing-1","location":"Risk Factors / manufacturing delays and competitors","excerpt":"These delays have allowed competitors using third-party foundries, such as TSMC, to benefit from advancements in manufacturing processes introduced ahead of us, including improvements in performance, energy efficiency and other features, which have helped increase the competitiveness of their products."},{"id":"e5","sourceId":"filing-1","location":"Risk Factors / unsuccessful Gaudi accelerators and inventory charges","excerpt":"Our most recent efforts to compete in the accelerator market with our Gaudi AI accelerators was unsuccessful, as a result of which we recognized Gaudi AI accelerator inventory-related charges of $375 million in 2025 and $922 million in 2024."},{"id":"e6","sourceId":"filing-1","location":"Manufacturing / operating production fabs","excerpt":"In 2025, our key production fabs were in Oregon (ramping Intel 18A), Arizona (Intel 7 and ramping Intel 18A), Ireland (Intel 4 and Intel 3) and Israel (Intel 7)."},{"id":"e7","sourceId":"filing-1","location":"Risk Factors / manufacturing investment base","excerpt":"▪Losses with Respect to our Investments in R&D and Manufacturing Facilities and Equipment: We had over $100 billion of property, plant and equipment, net on our balance sheet as of December 27, 2025, the substantial majority of which we estimate relate to our foundry business."},{"id":"e8","sourceId":"filing-1","location":"Risk Factors / named foundry competitors","excerpt":"As we pursue our strategy to establish Intel Foundry as a major provider of foundry capacity to manufacture semiconductors for others, we face intense competition from well-established competitors such as TSMC, Samsung, Global Foundries, UMC and SMIC."},{"id":"e9","sourceId":"filing-2","location":"Property, Plant, and Equipment / excess manufacturing capacity in 2025","excerpt":"In connection with the preparation of our Consolidated Condensed Financial Statements for the second quarter of 2025, we evaluated our process technology node capacities relative to projected market demand for our products and services, and concluded that our manufacturing asset portfolio exceeded manufacturing capacity requirements."},{"id":"e10","sourceId":"filing-2","location":"MD&A / Altera deconsolidation and foundry revenue","excerpt":"Intel Foundry revenue increased, and All Other revenue decreased, compared to Q2 2025 and YTD 2025, primarily due to Altera's transition to an external customer following the deconsolidation of Altera in Q3 2025."},{"id":"e11","sourceId":"filing-2","location":"MD&A / Q2 and first-half 2026 server ASP increases","excerpt":"▪DCAI revenue increased $2.3 billion from Q2 2025 and $3.2 billion from YTD 2025, primarily driven by higher server revenue, which increased $2.0 billion in Q2 2026 and $2.7 billion in YTD 2026 due to ASP increases of 48% and 38%, respectively."},{"id":"e12","sourceId":"filing-2","location":"MD&A / premium mix and demand-based pricing actions","excerpt":"The majority of the increase in server ASPs was driven by a higher mix of premium products sold in Q2 2026 and YTD 2026, with demand-based pricing actions contributing to a lesser extent, in part to offset higher input costs."},{"id":"e13","sourceId":"filing-2","location":"MD&A / server volume and hyperscaler demand","excerpt":"Server volume increased 9% compared to Q2 2025 and 2% compared to YTD 2025, primarily driven by higher hyperscaler demand."},{"id":"e14","sourceId":"filing-2","location":"MD&A / server demand and internal supply constraints","excerpt":"Market demand exceeded our available product supply in Q2 2026 and YTD 2026 due to internal supply constraints."},{"id":"e15","sourceId":"filing-2","location":"Liquidity and Capital Resources / customer deposits received","excerpt":"In Q1 2026, we entered into long-term arrangements with customers that included deposits totaling $1.7 billion, which were reflected within other accrued liabilities and other long-term liabilities, and for which the related cash was received in Q2 2026."},{"id":"e16","sourceId":"filing-1","location":"Sales terms / customer cancellation rights","excerpt":"Because our customers generally order from us on a purchase order basis, they can typically cancel, change or delay product purchase commitments with little or no notice to us and without penalty."},{"id":"e17","sourceId":"filing-1","location":"Sales terms / volume-based pricing","excerpt":"Pricing on particular products may vary based on volumes ordered and other factors."},{"id":"e18","sourceId":"filing-1","location":"Sales terms / discounts, rebates and incentives","excerpt":"We also offer discounts, rebates and other incentives to customers to increase acceptance of our products and technology."},{"id":"e19","sourceId":"filing-2","location":"MD&A / Q2 2026 gross-profit improvement and unit costs","excerpt":"Q2 2026 vs. Q2 2025 Our consolidated gross profit in Q2 2026 increased by $3.0 billion, or 84%, compared to Q2 2025, primarily driven by $1.5 billion of higher product profit in Q2 2026, primarily related to higher revenue, partially offset by higher unit costs resulting from an increased mix of premium products sold in Q2 2026."},{"id":"e20","sourceId":"filing-2","location":"MD&A / first-half inventory charges and reserve releases","excerpt":"Lower period charges also resulted from $294 million of lower inventory-related charges taken in YTD 2026 as compared to YTD 2025, primarily due to the absence of Gaudi AI accelerator inventory-related charges incurred in YTD 2025 and $226 million of lower reserves resulting from the sell-through of inventory with lower of cost or net realizable value reserves recognized during the early ramp of our Intel 18A process node, partially offset by an inventory-related charge recognized in YTD 2026 to align product mix with customer demand."},{"id":"e21","sourceId":"filing-6","location":"MD&A / Q1 revenue gains offset by higher unit costs","excerpt":"The impact of higher revenue to gross profit in Q1 2026 was substantially offset by higher unit costs resulting from an increased mix of premium products sold in Q1 2026."},{"id":"e22","sourceId":"filing-1","location":"Commitments / capital expenditures at December 27, 2025","excerpt":"Discounted and undiscounted lease payments under non-cancelable leases as of December 27, 2025, were as follows: (In Millions) 2026 2027 2028 2029 2030 Thereafter Total Operating lease payments $ 94 $ 74 $ 63 $ 46 $ 45 $ 100 $ 422 Finance lease payments $ 96 $ 6 $ 6 $ 3 $ 3 $ 19 $ 133 Present value of lease payments $ 473 Commitments Commitments for capital expenditures totaled $12.8 billion as of December 27, 2025 ($20.0 billion as of December 28, 2024), a majority of which will be due within the next 12 months."},{"id":"e23","sourceId":"filing-1","location":"Risk Factors / realized Ireland SCIP delay penalty charge","excerpt":"For example, in the fourth quarter of 2024, we recognized a $755 million charge related to penalties we expect to pay in connection with Ireland SCIP for construction delays we decided to make as we reduced our near-term capacity requirements."},{"id":"e24","sourceId":"filing-2","location":"Non-Controlling Interests / April 2026 Ireland SCIP repurchase","excerpt":"On April 8, 2026, we reacquired Apollo's 49% minority ownership interest in Ireland SCIP for aggregate cash consideration of $14.2 billion, inclusive of transaction costs."},{"id":"e25","sourceId":"filing-2","location":"Non-Controlling Interests / termination of Ireland SCIP agreements","excerpt":"As of June 27, 2026, we own 100% of Ireland SCIP and the related operating and other ancillary agreements between Ireland SCIP, ourselves and Apollo have been substantially terminated."},{"id":"e26","sourceId":"filing-2","location":"Liquidity and Capital Resources / operating cash-flow improvement","excerpt":"Cash provided by operations in the first six months of 2026 was higher compared to the first six months of 2025, primarily due to higher revenues and lower operating expenses after adjusting for non-cash items in the first six months of 2026 compared to the first six months of 2025."},{"id":"e27","sourceId":"filing-2","location":"MD&A / realized R&D and administrative expense reductions","excerpt":"MD&A 35 Table of Contents Consolidated R&D and MG&A Expenses Total R&D and MG&A expenses for Q2 2026 were $4.5 billion, down 6% from Q2 2025, and $9.0 billion for YTD 2026, down 7% from YTD 2025."},{"id":"e28","sourceId":"filing-3","location":"Compensation Discussion and Analysis / actual 2025 compensation elements","excerpt":"Our executive compensation elements for 2025 included base salary, an annual cash bonus and long-term incentive equity awards consisting of annual RSUs, Options (for our CEO) and PSUs."},{"id":"e29","sourceId":"filing-3","location":"Compensation / PSU settlement based on actual performance","excerpt":"PSUs are not settled into shares of our common stock until after the end of the performance period based on actual performance results, even if the holder qualifies for early vesting."},{"id":"e30","sourceId":"filing-3","location":"Compensation / adjustments to 2025 bonus metrics","excerpt":"Adjustments were made starting from the company’s reported consolidated GAAP revenue ($52.9 billion), non-GAAP gross margin percentage (36.7%) and non-GAAP operating expense ($16.5 billion) and adjusting such numbers to a result that was designed to reflect what would have been achieved had Altera continued to be fully owned by Intel through the end of fiscal 2025 and achieved the results forecasted for the remainder of 2025 at the time of the divestiture."},{"id":"e31","sourceId":"filing-3","location":"Compensation / CEO change-in-control vesting terms","excerpt":"Tan’s employment is terminated by the company without cause or he resigns for good reason (as each of those terms is defined in the Tan Offer Letter), and he signs and does not revoke a release of claims in favor of Intel, each of the equity grants set forth in the Tan Offer Letter will be eligible to receive pro-rated vesting with respect to (i) 67% of outstanding and unvested shares subject to such award (at target performance, if applicable) if the termination of employment occurs prior to September 18, 2026 and (ii) 100% of outstanding and unvested shares subject to such award (at target performance, if applicable) if the termination of employment occurs on or after September 18, 2026."},{"id":"e32","sourceId":"filing-3","location":"Executive compensation governance / hedging and pledging prohibition","excerpt":"No hedging or pledging of Intel common stock by executives or directors"},{"id":"e33","sourceId":"filing-3","location":"Board independence / Audit and Compensation Committee requirements","excerpt":"In addition, all directors who serve on the Audit Committee and Compensation Committee satisfy heightened SEC and Nasdaq independence requirements."},{"id":"e34","sourceId":"filing-3","location":"Executive compensation governance / officers do not propose their own compensation","excerpt":"The committee receives input from management, but executive officers do not propose, recommend or seek approval for their own compensation."},{"id":"e35","sourceId":"filing-3","location":"Related-party transactions / Audit Committee review and approval","excerpt":"The Audit Committee reviewed and approved each of these transactions."},{"id":"e36","sourceId":"filing-1","location":"Auditor opinion / internal control over financial reporting","excerpt":"We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of December 27, 2025, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) and our report dated January 22, 2026 expressed an unqualified opinion thereon."},{"id":"e37","sourceId":"filing-2","location":"Unaudited consolidated statements / first-half 2026 operating results and share counts","excerpt":"2 Table of Contents Consolidated Condensed Statements of Operations Three Months Ended Six Months Ended (In Millions, Except Per Share Amounts; Unaudited) Jun 27, 2026 Jun 28, 2025 Jun 27, 2026 Jun 28, 2025 Net revenue $ 16,128 $ 12,859 $ 29,705 $ 25,526 Cost of sales 9,619 9,317 17,849 17,312 Gross profit 6,509 3,542 11,856 8,214 Research and development 3,368 3,684 6,743 7,324 Marketing, general, and administrative 1,175 1,144 2,213 2,321 Restructuring and other charges 170 1,890 4,240 2,046 Operating expenses 4,713 6,718 13,196 11,691 Operating income (loss) 1,796 (3,176) (1,340) (3,477) Gains (losses) on equity investments, net (39) 502 (111) 390 Interest and other, net (12,576) (95) (13,314) (268) Income (loss) before taxes (10,819) (2,769) (14,765) (3,355) Provision for (benefit from) taxes 29 255 364 556 Net income (loss) (10,848) (3,024) (15,129) (3,911) Less: net income (loss) attributable to non-controlling interests 185 (106) (368) (172) Net income (loss) attributable to Intel $ (11,033) $ (2,918) $ (14,761) $ (3,739) Earnings (loss) per share attributable to Intel—basic $ (2.16) $ (0.67) $ (2.89) $ (0.86) Earnings (loss) per share attributable to Intel—diluted $ (2.16) $ (0.67) $ (2.89) $ (0.86) Weighted average shares of common stock outstanding: Basic 5,104 4,369 5,108 4,356 Diluted 5,104 4,369 5,108 4,356 See accompanying notes."},{"id":"e38","sourceId":"filing-1","location":"Liquidity and Capital Resources / equity financing and asset-sale proceeds","excerpt":"government that we attributed for accounting purposes to common stock, warrants and Escrowed Shares issued, proceeds received from private sales of our common stock to Nvidia and Softbank Group, the absence of dividend payments, and proceeds from the sale of Mobileye shares, in each case in 2025 as compared to 2024."}],"changes":["Retains the previous none verdict: realized competitive erosion outweighs unproven turnaround advantages.","Adds explicit weight to $1.7 billion of long-term customer deposits received in Q2 2026 as evidence of customer commitment, without treating deposits as proof of switching costs.","Incorporates actual compensation and governance disclosures and the completed $14.2 billion Ireland SCIP repurchase; historical Ireland SCIP penalties are not treated as continuing obligations after substantial termination of the agreements."],"limitations":["Assessment uses only supplied passages. Source dates retain dateKind filed; the latest supplied filing is dated July 24, 2026, and does not establish subsequent developments.","Operating results and contractual disclosures support numerical assessments, but most business explanations are issuer disclosures rather than independent comparative validation.","Named foundry competitors are explicitly established. Product competitors are described generically in the substantive competition passages; glossary names alone do not establish competitor coverage.","No comparable yield, unit-cost, customer switching-cost or longitudinal market-share series establishes a manufacturing or ecosystem moat.","Customer deposit duration, cancellation provisions, pricing protections and customer concentration are not supplied. Retention is assessed indirectly from demand, volumes, deposits and disclosed share losses.","ASP changes combine mix and pricing. The passages do not isolate like-for-like price realization or establish pricing resilience after shortages ease.","Actual executive ownership, complete award hurdles and realized long-term compensation outcomes are missing. Proposed plan provisions are not treated as adopted or vested awards."],"qualityAssessments":[{"category":"moat","checks":[{"criterion":"structural_advantage","grade":1,"rationale":"IP and operating manufacturing capabilities are substantial, but disclosed share losses and process disadvantages show weak current competitive protection.","evidenceIds":["e1","e3","e4","e6"]},{"criterion":"durability","grade":1,"rationale":"Rapid product obsolescence, manufacturing delays and failed accelerator commercialization weaken the durability of existing assets. Successive-generation leadership is not demonstrated.","evidenceIds":["e2","e4","e5"]},{"criterion":"customer_dependency","grade":2,"rationale":"Higher server volumes and paid long-term customer deposits demonstrate demand and commitment, but historical share losses and generally cancellable purchase orders limit evidence of dependence on Intel.","evidenceIds":["e3","e13","e15","e16"]},{"criterion":"erosion_resilience","grade":1,"rationale":"Realized share losses, process disadvantages and Gaudi charges show poor resilience to competitive change. Recent demand recovery is favorable but does not establish restored protection.","evidenceIds":["e3","e4","e5","e13"]}]},{"category":"pricing_power","checks":[{"criterion":"realized_pricing","grade":2,"rationale":"Server ASPs rose 48% in Q2 and 38% in the first half of 2026, with actual demand-based pricing actions. Most of the increase reflects premium mix, and pricing partly offsets higher input costs during supply constraints.","evidenceIds":["e11","e12","e14"]},{"criterion":"retention","grade":2,"rationale":"Indirect operating evidence is mixed: higher hyperscaler demand, server volume growth and deposits support continuing demand, while market-share losses demonstrate customer migration. No retention rate is inferred.","evidenceIds":["e3","e13","e15","e16"]},{"criterion":"margin_resilience","grade":2,"rationale":"Q2 gross profit improved materially, but higher premium-product unit costs offset some gains; Q1 revenue benefits were substantially offset by unit costs. Lower inventory charges and reserve releases also contributed, limiting evidence of durable pricing-led resilience.","evidenceIds":["e19","e20","e21"]},{"criterion":"contractual_freedom","grade":2,"rationale":"Variable product pricing, discounts and realized pricing actions demonstrate flexibility to negotiate prices. Customers generally retain penalty-free cancellation rights, while newer long-term deposits demonstrate some commitment without disclosed price-reset or cancellation terms.","evidenceIds":["e12","e15","e16","e17","e18"]}]},{"category":"strong_management","checks":[{"criterion":"capital_discipline","grade":1,"rationale":"Lower capital commitments, expense reductions and improved operating cash flow are favorable. Excess capacity, a realized delay penalty, equity financing and the subsequent $14.2 billion Ireland SCIP repurchase show a fragile capital-allocation record. Repurchase economics are not established, and the terminated Ireland agreements are not assumed to impose continuing penalties.","evidenceIds":["e9","e22","e23","e24","e25","e26","e27","e38"]},{"criterion":"incentive_alignment","grade":2,"rationale":"Actual 2025 equity compensation, performance-based PSU settlement and the hedging prohibition support alignment. Adjusted bonus metrics and CEO change-in-control vesting at target performance weaken a strict pay-for-performance interpretation. Ownership levels and realized long-term outcomes are missing.","evidenceIds":["e28","e29","e30","e31","e32"]},{"criterion":"execution","grade":2,"rationale":"Operating evidence shows expense reductions, improved cash generation, server growth and collected customer deposits. These achievements coexist with process delays, unsuccessful accelerators and unmet demand from internal supply constraints. This assesses company execution across periods, not the current CEO's personal responsibility for earlier failures.","evidenceIds":["e4","e5","e13","e14","e15","e26","e27"]},{"criterion":"governance","grade":2,"rationale":"Disclosed independent committees, compensation approval procedures, related-party transaction review and the unqualified internal-control opinion establish functioning safeguards. These support a mixed assessment rather than exceptional governance effectiveness or independence across every strategic decision.","evidenceIds":["e33","e34","e35","e36"]}]}],"financialAssessments":[],"qualityPolicy":"quality-scores-2","sourcePolicy":"issuer-evidence-4","basisHash":"c86b500adf90433d040baf616fa6bdf133cdd03523487c70feb84cd316369399","updatedAt":"2026-10-18T12:04:31.678Z","sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/50863/000005086326000011/intc-20251227.htm","publishedAt":"2026-01-23","sha256":"c57517a68a27fc9d9f2aff42f74494d61fe9e5ba998e000ce948844b3888956f","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/50863/000005086326000157/intc-20260627.htm","publishedAt":"2026-07-24","sha256":"a70c0a5aada4d52865d9785ef50086378d83147c588c66f1e0764920aaab91f4","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/50863/000005086326000061/proxy2026.htm","publishedAt":"2026-03-23","sha256":"cda9fe9b79ae86f7f612f0be7d4193c0b47ee6f98a6a7bce0825fae4e938ae4d","dateKind":"filed"},{"id":"filing-4","url":"https://www.sec.gov/Archives/edgar/data/50863/000005086325000009/intc-20241228.htm","publishedAt":"2025-01-31","sha256":"843c0a4b0585d4f40f983ec1beee8da086b8d2b32efbfc289f43b161b1279098","dateKind":"filed"},{"id":"filing-5","url":"https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm","publishedAt":"2024-01-26","sha256":"35df28649afee1845c3c107cc673beefd5135f452bc7c31232f47d409c2eea06","dateKind":"filed"},{"id":"filing-6","url":"https://www.sec.gov/Archives/edgar/data/50863/000005086326000079/intc-20260328.htm","publishedAt":"2026-04-24","sha256":"243231b41cf01679d5eaf556f7ed36aefe851c91bdf9effd18ce359c70b537d7","dateKind":"filed"}],"model":"gpt-6.1-sol","providerId":"codex:5359f4f3aa351fe3a7e50839fd93ba499c8fb0605cf359a531bce8c85754af09","usage":{"input_tokens":85212,"cached_input_tokens":0,"cache_write_input_tokens":0,"output_tokens":3383,"reasoning_output_tokens":84},"basisSupplement":{"previousHash":"bc7c81835e3e745e13867a706e040d4bc71fe406fd2233716c9a32a3e8c808c5","checkedAt":"2026-10-18T16:49:32.080Z","rule":"dated historical and missing inputs only; accepted observations and research date retained"}},"signals":[{"period":"2021","end":"2021-12-25","values":{"gross_margin":55.44518121077141,"operating_margin":24.62036849564689,"roic":null,"fcf_margin":14.246304920024297,"sbc_revenue":2.5764324762097592},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","ev_sales":"Cash and cash equivalents is unavailable in the extracted statements for this period.","ev_ebitda":"Cash and cash equivalents is unavailable in the extracted statements for this period.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic":"Cash and cash equivalents is unavailable in the extracted statements for this period.","roiic":"Cash and cash equivalents is unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","cash":"Cash and cash equivalents is unavailable in the extracted statements for this period.","net_debt":"Cash and cash equivalents is unavailable in the extracted statements for this period.","net_debt_ebitda":"Cash and cash equivalents is unavailable in the extracted statements for this period."}},{"period":"2022","end":"2022-12-31","values":{"gross_margin":42.6079233672725,"operating_margin":3.7015891140926827,"roic":null,"fcf_margin":-14.925302121990674,"sbc_revenue":4.960827227455831},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pfcf":"Trailing free cash flow is zero or negative, so this ratio is undefined.","pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","ev_sales":"Cash and cash equivalents is unavailable in the extracted statements for this period.","ev_ebitda":"Cash and cash equivalents is unavailable in the extracted statements for this period.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","sbc_fcf":"Free cash flow before SBC deduction is zero or negative, so this ratio is undefined.","roic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","cash":"Cash and cash equivalents is unavailable in the extracted statements for this period.","net_debt":"Cash and cash equivalents is unavailable in the extracted statements for this period.","net_debt_ebitda":"Cash and cash equivalents is unavailable in the extracted statements for this period.","debt_fcf":"Trailing free cash flow is zero or negative, so this ratio is undefined."}},{"period":"2023","end":"2023-12-30","values":{"gross_margin":40.0365125027661,"operating_margin":0.1714981190528878,"roic":null,"fcf_margin":-26.331415504905216,"sbc_revenue":5.954488456148115},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pfcf":"Trailing free cash flow is zero or negative, so this ratio is undefined.","pfcf_growth":"Prior-year TTM FCF per diluted share is zero or negative; a growth-adjusted multiple is undefined.","ev_sales":"Cash and cash equivalents is unavailable in the extracted statements for this period.","ev_ebitda":"Cash and cash equivalents is unavailable in the extracted statements for this period.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","sbc_fcf":"Free cash flow before SBC deduction is zero or negative, so this ratio is undefined.","roic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","cash":"Cash and cash equivalents is unavailable in the extracted statements for this period.","net_debt":"Cash and cash equivalents is unavailable in the extracted statements for this period.","net_debt_ebitda":"Cash and cash equivalents is unavailable in the extracted statements for this period.","debt_fcf":"Trailing free cash flow is zero or negative, so this ratio is undefined."}},{"period":"2024","end":"2024-12-28","values":{"gross_margin":32.664168283083185,"operating_margin":-21.99205288036007,"roic":null,"fcf_margin":-29.483437223404458,"sbc_revenue":6.421724637954088},"issues":{"pe":"Trailing earnings is zero or negative, so this ratio is undefined.","peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pfcf":"Trailing free cash flow is zero or negative, so this ratio is undefined.","pfcf_growth":"Prior-year TTM FCF per diluted share is zero or negative; a growth-adjusted multiple is undefined.","ev_ebitda":"Trailing EBITDA is zero or negative, so this ratio is undefined.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","sbc_fcf":"Free cash flow before SBC deduction is zero or negative, so this ratio is undefined.","roic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","net_debt_ebitda":"Trailing EBITDA is zero or negative, so this ratio is undefined.","debt_fcf":"Trailing free cash flow is zero or negative, so this ratio is undefined.","buybacks":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2025","end":"2025-12-27","values":{"gross_margin":34.76623843490436,"operating_margin":-4.188976973870925,"roic":-0.02420572504756273,"fcf_margin":-9.36370688513424,"sbc_revenue":4.60522581499631},"issues":{"pe":"Trailing earnings is zero or negative, so this ratio is undefined.","peg":"Prior-year TTM earnings per diluted share is zero or negative; a growth-adjusted multiple is undefined.","pfcf":"Trailing free cash flow is zero or negative, so this ratio is undefined.","pfcf_growth":"Prior-year TTM FCF per diluted share is zero or negative; a growth-adjusted multiple is undefined.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","sbc_fcf":"Free cash flow before SBC deduction is zero or negative, so this ratio is undefined.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt_fcf":"Trailing free cash flow is zero or negative, so this ratio is undefined.","buybacks":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}}],"sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/50863/000005086326000011/intc-20251227.htm","publishedAt":"2026-01-23","sha256":"c57517a68a27fc9d9f2aff42f74494d61fe9e5ba998e000ce948844b3888956f","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/50863/000005086326000157/intc-20260627.htm","publishedAt":"2026-07-24","sha256":"a70c0a5aada4d52865d9785ef50086378d83147c588c66f1e0764920aaab91f4","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/50863/000005086326000061/proxy2026.htm","publishedAt":"2026-03-23","sha256":"cda9fe9b79ae86f7f612f0be7d4193c0b47ee6f98a6a7bce0825fae4e938ae4d","dateKind":"filed"},{"id":"filing-4","url":"https://www.sec.gov/Archives/edgar/data/50863/000005086325000009/intc-20241228.htm","publishedAt":"2025-01-31","sha256":"843c0a4b0585d4f40f983ec1beee8da086b8d2b32efbfc289f43b161b1279098","dateKind":"filed"},{"id":"filing-5","url":"https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm","publishedAt":"2024-01-26","sha256":"35df28649afee1845c3c107cc673beefd5135f452bc7c31232f47d409c2eea06","dateKind":"filed"},{"id":"filing-6","url":"https://www.sec.gov/Archives/edgar/data/50863/000005086326000079/intc-20260328.htm","publishedAt":"2026-04-24","sha256":"243231b41cf01679d5eaf556f7ed36aefe851c91bdf9effd18ce359c70b537d7","dateKind":"filed"}],"history":[{"version":4,"updatedAt":"2026-10-18T16:49:32.080Z","verdict":"none","value":null},{"version":3,"updatedAt":"2026-10-18T16:35:43.872Z","verdict":"none","value":null},{"version":2,"updatedAt":"2026-10-18T02:27:49.793Z","verdict":"none","value":null},{"version":1,"updatedAt":"2026-10-18T02:18:02.026Z","verdict":null,"value":null}],"hasRequested":false,"requestStatus":"completed","researchIssue":null,"archivedMoat":null,"scope":"supported_catalog"}