Intel Corporation (INTC)
被高估基本面
29
价格
$120.07
市值
$673.40B
第一部分 · 这家公司值多少
概览
Intel designs and, unlike most of its chip rivals, still largely manufactures its own processors for PCs and servers. It is trying to run two businesses at once: selling chips under its own brand, and rebuilding Intel Foundry into a manufacturing service that makes chips designed by other companies, in an attempt to catch up with TSMC's lead in advanced manufacturing.
盈利方式
Product revenue is booked when a chip ships, and depends on PC replacement cycles and server upgrade budgets that Intel is no longer the automatic default winner of. Intel Foundry's reported revenue is mostly internal — wafers it manufactures for Intel's own product divisions — so it does not yet represent a large, separate stream of revenue from outside customers; foundry only becomes a real second growth engine once external customers commit to manufacturing there in volume.
分部营收
PC processors (Client Computing Group) and server processors (Data Center and AI), sold externally under the Intel brand. Effectively the whole of Intel's external revenue.
Mobileye's driver-assistance chips and remaining minority stakes in businesses being wound down or divested, such as the stake retained in Altera.
护城河
未发现护城河 · 无Intel's historical advantage was owning the best chip factories in the world; it has lost that lead to TSMC over the past decade, and its x86 processors now compete on largely even software terms with AMD's. Intel Foundry is a bid to rebuild a manufacturing-scale advantage, but it has not yet proven it can attract enough outside customers to become one.
需求驱动因素
周期性PC and server chip demand follows corporate refresh budgets and consumer replacement cycles, which move in multi-year waves and are sensitive to the broader economy. Foundry demand, once it exists at scale, will follow the even longer capital-commitment cycles of chip design customers deciding years in advance where to manufacture.
主要风险
- Uncertain foundry turnaround — Intel is investing very heavily to build advanced manufacturing capacity for Intel Foundry, but it has not yet secured external customer commitments at a scale that justifies that spending, and may not.
- Competitive pressure in core products — AMD has taken share in PC and server processors, and NVIDIA dominates the AI accelerator market Intel has struggled to enter. Losing further ground in either core market pressures both volume and price.
- Heavy, long-payback capital spending — New fabrication plants cost tens of billions of dollars and take years to become productive. If demand or foundry customer wins fall short, Intel carries the fixed costs of capacity it cannot fill.
- Execution risk on manufacturing roadmap — Intel's plan depends on hitting a series of new manufacturing process milestones on schedule after years of past delays; another slip would extend the gap with TSMC and further discourage outside foundry customers.
看多理由
Buyers argue that Intel Foundry, once its newest manufacturing process matures, gives Intel a path back to competing with TSMC and a second growth engine beyond its own chips, backed by government support for domestic semiconductor manufacturing.
看空理由
Sellers fear that Intel is funding an extremely expensive foundry turnaround with a core products business that keeps losing share to AMD and NVIDIA, and that without outside foundry customers the enormous capital spending underway may never earn an adequate return.
Written by the editors, published on 2026年8月18日
Direct competitors
Who this company fights with for the same customers
Generated on 2026年9月18日 with claude-haiku-4-5 — shared with all users
AMD is the only other large supplier of x86 processors and sells directly against Intel in PC chips, server CPUs and discrete graphics, to the same PC makers and cloud operators.
NVIDIA takes the data-center budget Intel is trying to win with its accelerators and Xeon platforms, and also competes with Intel in graphics for PCs.
Qualcomm's Arm-based Snapdragon X processors are sold to the same Windows notebook manufacturers that Intel supplies, competing design win by design win.
TSMC is the company Intel Foundry must take manufacturing contracts from, since both sell advanced chip production to the same fabless customers such as Apple, NVIDIA and AMD.
GlobalFoundries competes with Intel Foundry for outsourced chip manufacturing on mature process nodes, serving the same customers who need capacity outside Asia.
Samsung's foundry division bids for the same leading-edge manufacturing orders as Intel Foundry and is named by Intel itself as a direct foundry competitor.
资产负债表与流动性
营收
$57.03B
最近12个月(截至2026/6/27)
净利润
$-11.29B
最近12个月(截至2026/6/27)
自由现金流
$-4.95B
股东权益合计
$114.28B
负债合计
$85.07B
流动比率
1.60
利息覆盖率
0.07
债务/EBITDA
3.00
每股收益
营收与净利润
自由现金流
收入构成
历史财务表
利润率变化
债务变化
债务负担有多重
增长一览表
增长 — 营业收入
公允价值估算
公允价值
$72.93
当前价格
$120.07
安全边际
-64.6%
公允价值区间
$47.41 - $98.46
所用估值方法之间的离散区间,并非经过统计校准的置信区间。
估算方法
估值指标
市盈率(P/E)
-
ROE
-0.2%
市净率(P/B)
6.93
P/FCF
214.21
毛利率
38.6%
ROIC
-0.0%
盈利能力雷达图
价值创造(经济护城河)
ROIC
-0.0%
WACC
16.4%
ROIC − WACC
-16.4 pp
ROIC 低于资本成本:公司每投入一美元都在毁灭价值。
基本面分析标准
通过(9)
- Price CAGR 12.95%
- Gross Margin 38.6%
- Debt/Equity ratio
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Earnings Surprise avg 1086.3%
- Net Margin Trend -19.8% vs -38.6%
- Piotroski F-Score 6/9
未通过(14)
- EPS shows upward trend
- ROIC -0.0%
- P/FCF 214.21
- P/B Ratio 6.93
- Operating Margin -0.1%
- CapEx intensity
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- DCF valuation (Overvalued)
- ROE -10.8%
- Revenue Growth 5Y -7.5%
- Analyst Consensus 35% Buy
- Share Dilution 3.9%
不可用(4)
- Dividend Payout NaN%
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
Piotroski F-评分
信号混杂:部分领域需关注
盈利质量
低质量:需深入审查会计处理
股权稀释
正在发行新股,稀释所有权
机构持股
公司治理
管理团队
| 姓名 | 职位 | 年龄 |
|---|---|---|
| Mr. Lip-Bu Tan | CEO & Director | 66 |
| Mr. David A. Zinsner | Executive VP, CFO and Principal Financial & Accounting Officer | 56 |
| Mr. Nagasubramaniyan Chandrasekaran | Executive VP, Chief Technology and Operations Officer & GM of Intel Foundry | 50 |
| Ms. Cynthia A. Stoddard | Senior VP & Chief Information Officer | 68 |
| Mr. John William Pitzer | Corporate Vice President of Corporate Planning & Investor Relations | - |
| Ms. Aparna Bawa Esq. | Executive VP and Chief Legal & People Officer | 46 |
| Ms. Annie Shea Weckesser | Senior VP and Chief Marketing & Communications Officer | - |
审计风险
8
董事会风险
4
薪酬风险
9
股东权利风险
2
第二部分 · 价格与买入时机
这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。
损益历史
via SEC EDGAR
Latest News
Recent headlines for INTC, sourced from Markets Gazette.
- 2d agoNEGATIVELe azioni Intel hanno perso quasi il 10% in due giorni: il grande rimbalzo è finito?
Intel shares have experienced a significant decline, shedding nearly 10% over two trading days. The stock closed Monday around $116.03, following a 5.67% drop and a 3.5% fall on Friday. This retracement occurs amidst rising Treasury yields, elevated oil prices, and renewed pressure on tech stocks, triggering profit-taking after Intel's rally. Despite the pullback, core operational fundamentals remain robust, with strong demand for server processors, improved pricing power, and analyst optimism regarding Intel's foundry ambitions. However, the recent price action suggests a potential end to the immediate recovery trade for semiconductor stocks.
- 3d agoNEGATIVEPerché le azioni di Intel e AMD scendono lunedì?
Intel Corporation (INTC) shares plummeted over 6% on Monday, alongside a more than 5% drop in AMD, as rising oil prices and Treasury yields pressured broader markets. The sell-off disproportionately affected chip and AI-related stocks. Brent crude surged past $108 per barrel and West Texas Intermediate futures climbed to $95.64 following geopolitical tensions. Simultaneously, Treasury yields continued their significant upward trend from the previous week. This confluence of macroeconomic and geopolitical factors is creating headwinds for technology stocks, impacting investor sentiment and potentially leading to further price corrections.
- 7d agoPOSITIVEPerché le azioni di Intel e AMD sono in rialzo giovedì?
Intel (INTC) and AMD shares experienced a notable rise on Thursday, defying broader market and semiconductor sector weakness. This surge is attributed to renewed enthusiasm surrounding Meta Platforms' AI assistant, Muse, which has reignited investor interest in CPU manufacturers. While major indices like the S&P 500 and Nasdaq Composite saw minimal movement, and Treasury yields climbed to multi-year highs, the positive sentiment around AI's potential is directly benefiting Intel and AMD. This suggests that company-specific catalysts, particularly in the burgeoning AI space, can override general market headwinds, presenting a bullish outlook for these chipmakers.
- 8d agoNEGATIVEPerché le azioni di Intel, AMD e Broadcom (AVGO) sono in calo mercoledì?
Intel (INTC), AMD, and Broadcom (AVGO) shares saw declines of approximately 2% on Wednesday. This dip occurred as global stock markets paused after a four-day rally, influenced by rising oil prices and increasing Treasury yields. The Philadelphia Semiconductor Index also fell by about 1.4%. Investors are closely monitoring developments in Middle East peace talks, with Brent crude futures trading around $101 per barrel. The broader market sentiment is being affected by these macroeconomic factors, leading to a sell-off in major semiconductor stocks.
- 10d agoPOSITIVEPerché le azioni di Intel e AMD sono in forte rialzo lunedì?
Intel (INTC) and AMD shares surged approximately 8% on Monday, driven by a broader market uplift fueled by falling crude oil prices and Treasury yields. This rally provides a much-needed boost to AI-linked semiconductor stocks, recovering from last week's sell-off. AMD's stock reached a 52-week high of $609.5, nearing a $1 trillion valuation. The recovery alleviates investor concerns about a potential slowdown in AI development impacting demand for processors and memory products. This positive market sentiment suggests renewed confidence in the AI sector's growth prospects.
- 14d agoNEUTRALIntel and SK Hynix Consider Joint US Memory Chip Venture
Intel Corporation is reportedly in discussions with South Korea's SK Hynix regarding a potential joint venture or lease agreement for memory chip manufacturing in the United States. The collaboration could involve SK Hynix utilizing a portion of Intel's delayed semiconductor facility in Ohio. This move aims to address US government pressure for increased domestic chip production and secure long-term supplies for cloud providers. For Intel, it could alleviate financial strain on its ambitious Ohio project, which has faced construction delays. For SK Hynix, it represents an opportunity to establish a US manufacturing presence amid growing demand for high-bandwidth memory (HBM) and pressure from American clients and officials. However, both companies have stated that no definitive decisions have been made.
- 15d agoPOSITIVEPerché i titoli Intel e AMD sono in rialzo mercoledì?
Intel Corporation (INTC) shares surged approximately 4.5% on Wednesday following reports of potential strategic partnerships in the semiconductor industry. Reuters indicated that South Korean chipmaker SK Hynix is in discussions with Intel for a significant memory chip manufacturing deal within the United States. This development, coupled with positive long-term chip demand forecasts and favorable product advancement updates for AMD, has boosted investor sentiment. The news suggests a potential strengthening of Intel's domestic manufacturing capabilities and its role in the critical memory chip sector, which could translate to increased revenue and market share.
- 15d agoNEUTRALIntel-SK Hynix Potential Tie Up; JB Hunt Lower on Costs | Stock Movers
Intel Corporation (INTC) is seeing significant premarket activity following a Reuters report suggesting potential talks with SK Hynix regarding the latter manufacturing memory chips in the US for the first time. While SK Hynix stated no decisions have been made, the mere possibility of such a strategic manufacturing partnership in the US chip sector could influence investor sentiment. This news is balanced by other market movements, including JB Hunt's earnings warning and Reliance Worldwide's acquisition.
via Markets Gazette