Is the business good?
How good a business is INTC?
Intel earns −0.06% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−0.06%
Return on invested capital · cost of capital 9.0% · 9.1 points below what the capital costs: growth destroys value
- Operating margin
- −0.14%
Operating margin · Semiconductors median 8.5% · 12 months to Q2 2026
- Share count, year on year
- +17%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 23%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | 30% |
| FY2021 | 25% |
| FY2022 | 3.7% |
| FY2023 | 0.17% |
| FY2024 | −22% |
| FY2025 | −4.2% |
Details›
- Gross margin12 months to Q2 2026
- 39%
- Operating margin12 months to Q2 2026
- −0.14%
- Net margin12 months to Q2 2026
- −20%
- Free cash flow margin
- 5.0%
- R&D as % of revenue
- 23%
- Revenue, trailing twelve months
- $57.0B
- Free cash flow, trailing twelve months
- $2.83B
- Net income, trailing twelve months
- −$11.3B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −0.06%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Semiconductors
Ranks #20 of 48 by Smart Score