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Intel

INTC
29
Semiconductors · Technology
Price
$101.65
+1.84 (+1.84%)
Market Cap
$512.72B
Exchange
NASDAQ
Winston Score
29
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 9, 2026 · filings through Jun 27, 2026

Share count rising — dilution

+18.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 4.09B (2021) → 4.86B (2025)

Intel makes computer chips — the tiny pieces of silicon that act as the "brain" inside laptops, desktop computers, and servers. Its most well-known products are its Core processors for personal computers and Xeon chips for data centers, with customers ranging from everyday consumers to large corporations and cloud computing companies like Amazon and Microsoft. Intel is one of the oldest and largest semiconductor companies in the world.

Intel earns money by designing and manufacturing chips, selling them to computer makers and businesses around the world. It operates globally, with major manufacturing facilities in the US, Ireland, and Israel, and generates tens of billions in annual revenue. Intel's historic advantage was owning both chip design and manufacturing, but it has lost significant market share to rivals like AMD and Nvidia, and its foundry business — making chips for other companies — is still in early stages and losing money, making a successful turnaround its biggest challenge ahead.

Winston Score History

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+25.4% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-284.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$13.8B/ year

Declining (-17% vs prior year)

26.1% of revenue

1.7x the sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

8.5%ownership

Rising

Insiders increasing their stake — aligned with shareholders

Cash Position

Cash flow positive

$12.9B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Intel grew revenue 25% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
40.4%
Healthy — 40.4% gross margin
Operating Margin
11.1%
Modest — 11.1% operating margin
ROCE
1.3%
Weak — 1.3% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
+7.5%
Steady sales growth (+7.5% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
1/7 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
4.8%
Thin free cash flow (4.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
0.58
Conservative — low debt load (0.58)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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