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Intel Corporation

INL.F
36
Semiconductors · Technology
Price
€76.65
-1.50 (-1.92%)
Market Cap
€385.24B
Exchange
Frankfurt Stock Exchange
Winston Score
36
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Jul 28, 2026 · filings through Jun 30, 2026

Share count rising — dilution

+10.8% over 4y

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

Diluted shares outstanding: 4.09B (2021) → 4.53B (2025)

Intel makes computer chips — the tiny pieces of silicon that act as the "brain" inside laptops, desktop computers, and servers. Its main products are processors sold under names like Core (for personal computers) and Xeon (for data center servers), with customers ranging from everyday consumers to large companies running cloud computing infrastructure. Intel is one of the largest semiconductor companies in the world and has historically dominated the PC and server chip markets.

Intel earns money primarily by designing and manufacturing chips, selling them to computer makers like Dell, HP, and Lenovo, as well as directly to data centers. It operates globally, with major manufacturing facilities in the US, Ireland, and Israel. Intel has faced serious competitive pressure from AMD and Arm-based chip designers in recent years, which helps explain its near-zero operating and return margins. The company's key challenge is executing its expensive plan to modernize its chip factories and regain manufacturing leadership before rivals extend their advantage further.

Winston Score History

Growth Profile

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

Revenue Growth

+25.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-222.4% 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

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$38.2B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

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

Revenue accelerating

Intel Corporation grew revenue 26% 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
41.0%
Healthy — 41.0% gross margin
Operating Margin
12.9%
Healthy — 12.9% operating margin
ROCE
1.5%
Weak — 1.5% 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
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
5.0%
Thin free cash flow (5.0%)

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
4.19x
Adequate interest coverage (4.2x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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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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