Monday, 9 November 2026
Silicon Analytica
Every AI story is a chip story.
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Designer and manufacturer of semiconductor products.

Intel

Latest quarter: Q3 FY2026, ended September 2026

INTC · NasdaqIDM & foundry

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About the company

Intel Corporation designs and manufactures processors and is the largest US-based chipmaker with its own factories. Intel Products includes Core processors for PCs and Xeon processors and accelerators for data centers, built on the x86 architecture that Intel created and has long shared with AMD, and which now faces growing competition from Arm-based designs. Intel Foundry develops process technology and manufactures wafers for Intel and, increasingly, for external customers, with fabs in Oregon, Arizona, Ireland and Israel and a site under construction in Ohio. Intel also holds a majority stake in Mobileye, which makes driver-assistance chips. The US government became a significant shareholder in 2025 as part of efforts to support domestic chip manufacturing.

Silicon Analytica summary based on the company's latest annual report

Key figures

Q3 FY2026 · 26 Sept 2026

Revenue
▲ +20.9% y/y
Operating income
▲ +269.3% y/y
Gross marginCalc.
+4.8 pp y/y
Operating marginCalc.
+10.3 pp y/y
Net income
▼ −18.3% y/y
Free cash flow
—

Figures from company filings. Calculated values marked Calc. · Methodology →

How the company earns its revenue

$45.7of every $100Client Computing Group$32.2B in FY2025

Intersegment eliminations: −US$17.7B. Reported revenue: US$52.9B.

Shares of segment revenue before intersegment eliminations.

Total of categories: US$52.9B, reconciles to reported revenue. Different classifications are never added together.

View sources
  • Intel Form 10-K · Notes, segment information (revenue by reportable segment); segment revenue includes intersegment sales, eliminated explicitly · FY2025 · published 23 Jan 2026

Quarterly trend

12 available quarters · US GAAP

Revenue, USD (left) · gross margin, % (right) · US GAAPRevenueGross margin$0$5B$10B$15B$20BQ4 FY2023Q2 FY2024Q4 FY2024Q2 FY2025Q4 FY2025Q2 FY2026Revenue, Q4 FY2023: US$15.4B (Calculated)$15BRevenue, Q1 FY2024: US$12.7B (Reported)$13BRevenue, Q2 FY2024: US$12.8B (Reported)$13BRevenue, Q3 FY2024: US$13.3B (Reported)$13BRevenue, Q4 FY2024: US$14.3B (Calculated)$14BRevenue, Q1 FY2025: US$12.7B (Reported)$13BRevenue, Q2 FY2025: US$12.9B (Reported)$13BRevenue, Q3 FY2025: US$13.7B (Reported)$14BRevenue, Q4 FY2025: US$13.7B (Calculated)$14BRevenue, Q1 FY2026: US$13.6B (Reported)$14BRevenue, Q2 FY2026: US$16.1B (Reported)$16BRevenue, Q3 FY2026: US$16.5B (Reported)$16.5B10%50%Gross margin, Q4 FY2023: 45.7% (Calculated)Gross margin, Q1 FY2024: 41.0% (Calculated)Gross margin, Q2 FY2024: 35.4% (Calculated)Gross margin, Q3 FY2024: 15.0% (Calculated)Gross margin, Q4 FY2024: 39.2% (Calculated)Gross margin, Q1 FY2025: 36.9% (Calculated)Gross margin, Q2 FY2025: 27.5% (Calculated)Gross margin, Q3 FY2025: 38.2% (Calculated)Gross margin, Q4 FY2025: 36.1% (Calculated)Gross margin, Q1 FY2026: 39.4% (Calculated)Gross margin, Q2 FY2026: 40.4% (Calculated)Gross margin, Q3 FY2026: 43.0% (Calculated)43.0%Source: Intel quarterly filings and results releases · gross margin = gross profit ÷ revenue, calculated by SiliconAnalyticaSilicon Analyticasiliconanalytica.com/companies/intel
View sources
  • Intel Form 10-K · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q4 FY2023, Q4 FY2024, Q4 FY2025 · published 23 Jan 2026 · covers
  • Intel Form 10-Q · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q1 FY2024 · published 25 Apr 2025 · covers
  • Intel Form 10-Q · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q2 FY2024 · published 24 Jul 2025 · covers
  • Intel Form 10-Q · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q3 FY2024, Q3 FY2025 · published 6 Nov 2025 · covers
  • Intel Form 10-Q · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q1 FY2025, Q1 FY2026 · published 24 Apr 2026 · covers
  • Intel Form 10-Q · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q2 FY2025, Q2 FY2026 · published 24 Jul 2026 · covers
  • Intel Reports Third-Quarter 2026 Financial Results · Quarterly consolidated financial results; revenue; read 2026-11-05 · Q3 FY2026 · published 29 Oct 2026 · covers

Financial statements

Full page →

As filed with the SEC (10-K/10-Q), from XBRL data. US$ millions, except per-share amounts; shares in millions.

Line itemQ3 FY2026To 26 Sept 202610-Q ↗Q2 FY2026To 27 Jun 202610-Q ↗Q1 FY2026To 28 Mar 202610-Q ↗Q4 FY2025To 27 Dec 202510-K ↗Q3 FY2025To 27 Sept 202510-Q ↗
Revenue16,51316,12813,57713,674c13,653
Cost of revenue9,4179,6198,2308,731c8,435
Gross profit7,0966,5095,3474,943c5,218
Gross margin43.0%40.4%39.4%36.1%38.2%
Research & development3,4903,3683,3753,219c3,231
Selling, general & administrative1,0301,1751,0381,174c1,129
Operating income2,5221,796−3,136580c683
Operating margin15.3%11.1%−23.1%4.2%5.0%
Interest & other, net1,130−12,576−738−145c3,670
Pre-tax income3,982−10,819−3,946338c4,574
Income tax46229335671c304
Net income3,320−11,033−3,728−591c4,063
Net margin20.1%−68.4%−27.5%−4.3%29.8%
Diluted EPS0.60−2.16−0.73—0.90
Diluted shares5,3075,1045,083—4,531

Columns link to the filing. c Calculated by Silicon Analytica from filed figures (hover for the formula); fourth-quarter flows are fiscal year minus nine months. Margins are calculated. Fourth-quarter per-share figures are not filed separately and are left blank.

View sources (5)
  1. Intel 10-Q filed 30 Oct 2026 · accession 0000050863-26-000191
  2. Intel 10-Q filed 24 Jul 2026 · accession 0000050863-26-000157
  3. Intel 10-Q filed 24 Apr 2026 · accession 0000050863-26-000079
  4. Intel 10-K filed 23 Jan 2026 · accession 0000050863-26-000011
  5. Intel 10-Q filed 6 Nov 2025 · accession 0000050863-25-000179

Values: SEC XBRL company facts (data.sec.gov), refreshed 8 Nov 2026. A period's original filing is used unless a later filing restated it.

Earnings history

Intel's results by period: revenue, margins and segments from stored filings.

Quarters

Fiscal years

Five-year financial history

US GAAP

Latest 5 completed fiscal years, US GAAP, USD, as reported in annual filings (restated comparatives used where later filings revised them). Ratios and growth are Silicon Analytica calculations from the same records.

Revenue

USD · fiscal years · US GAAP · reported

Revenue (USD)FY2021: US$79.0BUS$79.0BFY202125 Dec 2021FY2022: US$63.1BUS$63.1BFY202231 Dec 2022FY2023: US$54.2BUS$54.2BFY202330 Dec 2023FY2024: US$53.1BUS$53.1BFY202428 Dec 2024FY2025: US$52.9BUS$52.9BFY202527 Dec 2025Silicon AnalyticaIntel Form 10-K filed 2026-01-23

Net income attributable to shareholders

USD · fiscal years · US GAAP · reported

Net income attributable to shareholders (USD)FY2021: US$19.9BUS$19.9BFY202125 Dec 2021FY2022: US$8.0BUS$8.0BFY202231 Dec 2022FY2023: US$1.7BUS$1.7BFY202330 Dec 2023FY2024: −US$18.8B−US$18.8BFY202428 Dec 2024FY2025: −US$267M−US$267MFY202527 Dec 2025Silicon AnalyticaIntel Form 10-K filed 2026-01-23
Intel annual results
USDFY2021ended 25 Dec 2021FY2022ended 31 Dec 2022FY2023ended 30 Dec 2023FY2024ended 28 Dec 2024FY2025ended 27 Dec 2025
Revenue
Gross profit
Gross margin
Operating income
Operating margin
Net income (attributable)
Diluted EPS
R&D expense
R&D as % of revenue

Business model and industry role

Client Computing Group (CCG)

Delivers platforms and processors that power personal computers and edge devices [1].

Data Center and AI (DCAI)

Delivers workload-optimised solutions based on x86 architecture for data centres [1].

Intel Foundry

Develops leading-edge semiconductor process technologies and provides manufacturing capacity [1].

Intel Core Ultra

Processors designed for high performance to serve personal computer and edge applications [1].

Who buys it

Original equipment manufacturers, cloud service providers, and other device manufacturers 1.

How it earns revenue

Selling computing platforms, processors, and providing third-party foundry manufacturing services 1.

What it depends on

Significant investments in research and development and leading-edge manufacturing facilities 1.

What drives profitabilityIncludes Silicon Analytica view

High-volume manufacturing to amortise the substantial capital investments required for advanced nodes 1.

Competitive position, drivers and risks

Competitive position

AMD, Apple, Qualcomm, MediaTek, NVIDIA, Amazon, Google, Meta, Microsoft, Broadcom, TSMC, Samsung, GlobalFoundries, UMC, and SMIC 1.

Evidence

TSMC holds a leading position in manufacturing at scale for advanced nodes, while NVIDIA experiences high demand for GPU systems 1.

Growth drivers and conditions

Company view: System-level integration of hardware and software, advanced packaging, and U.S.-based manufacturing leadership 1.

Cyclicality and downside risks

Reported: High level of competition, rapid technological change, and complexities in developing new manufacturing process technologies 1.

What to watch next

  1. Securing external customers for foundry services
  2. Development of new process technologies
  3. Execution of company cultural transformation
  4. Geopolitical impacts on global supply chains
  5. Consolidation of assembly and test operations

Peer comparison

Compare with another company

Peers not yet selected by the editor. Financials compares latest reported periods and labels mismatched period ends.

Latest analysis on Intel

Manufacturing

The Race to 1 nm — and the Chip Economy Beyond It

What process-node names mean, which chips use them, and why manufacturing progress, revenue and capacity do not move in lockstep.

13 Oct 2026●12 min read●Analysis

Compare with

Intel vs AMDIntel vs Samsung ElectronicsIntel vs SK hynixIntel vs Texas InstrumentsIntel vs NXP Semiconductors

More data on Intel

Intel income statement and balance sheet

Sources & methodology
  1. Intel Form 10-K for latest fiscal year ↗ · 23 Jan 2026 · Item 1 Business; risk factors

Annual and quarterly figures come from the company's SEC filings (XBRL financial data and, where needed, the filed statements). Each value keeps its filing, period dates and accounting basis. Ratios, growth rates, free cash flow, split-adjusted EPS and derived quarters are Silicon Analytica calculations, shown with their inputs. Percentage growth is not shown when the prior value is zero or negative. Guidance is shown only as company guidance; no analyst consensus is used.

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