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Intel (INTC) financial statements: income, balance sheet and cash flow

Nasdaq: INTC · Information technology · United States

Signed off by OffScriptBySami on  · Updated

Data as of  · For information only, not investment advice.

In brief

Intel (Nasdaq: INTC) spent USD 14.6 billion on capital expenditure in FY2025 against cash from operations of USD 9.70 billion, according to its Form 10-K. At 27 Jun 2026, the end of Q2 FY2026, total debt was USD 50.5 billion and Intel stockholders' equity USD 87.5 billion, with quarterly revenue of USD 16.1 billion.

Data as of Source: Form 10-K for FY2025 and Form 10-Q for Q2 FY2026

Key facts

Data as of

Intel (Nasdaq: INTC) · USD · fiscal year ends late December · figures from SEC filings; derived values are marked.

Revenue, TTM (USD bn)
57.0
TTM to · derived
Revenue by quarter, from USD 13.3 bn in Q3 FY2024 to USD 16.1 bn in Q2 FY2026
Operating income, TTM (USD m)
−77
TTM to · derived
Net income, TTM (USD bn)
−11.3
TTM to · derived
Free cash flow, TTM (USD bn)
2.83
TTM to · derived
Total assets (USD bn)
202
at · Form 10-Q
Net debt (USD bn)
20.8
at · derived: total debt minus cash and short-term investments

What the numbers show

Intel's income statement for Q2 FY2026, the quarter ended 27 Jun 2026, shows revenue of USD 16.1 billion, up 25.4% on Q2 FY2025. Operating income was USD 1.80 billion, an operating margin of 11.1%, our calculation. Net income attributable to Intel was negative USD 11.0 billion, with pre-tax income at negative USD 10.8 billion, so the loss opens between operating income and pre-tax income.

Revenue was USD 52.9 billion in FY2025 against USD 79.0 billion in FY2021, a fall of 9.6% a year, our calculation. Gross margin fell from 55.4% to 34.8% over the same run. FY2022 ran 53 weeks, so two growth rates carry a note. The Q4 cells are our derivation: the 10-K year less the first three quarters.

Intel's balance sheet held total assets of USD 202 billion at 27 Jun 2026. Net property, plant and equipment, USD 106 billion, is more than half of that, against USD 63.2 billion at the end of FY2021. Equity attributable to Intel stockholders was USD 87.5 billion at 27 Jun 2026, against USD 114 billion at 27 Dec 2025 and USD 95.4 billion at the end of FY2021.

Total liabilities were USD 99.3 billion at 27 Jun 2026, against USD 80.3 billion at 28 Mar 2026. Total debt, short-term plus long-term borrowings, was USD 50.5 billion, up from USD 45.0 billion a quarter earlier. At the end of FY2021 it was USD 38.1 billion, and at the end of FY2025 USD 46.6 billion. Current assets exceeded current liabilities at 27 Jun 2026.

In Intel's cash flow statement, cash from operations was USD 9.70 billion in FY2025 against capital expenditure of USD 14.6 billion. Free cash flow, our calculation, was negative USD 4.95 billion. Capital expenditure was above cash from operations in each of FY2022 to FY2025 and below it in FY2021, when the two were USD 29.5 billion and USD 18.7 billion. Net income attributable to Intel was negative in FY2025 while cash from operations was positive.

A 10-Q reports cash flows year to date, so cells marked D are our derivations, and how to read a 10-Q explains the layout. In Q2 FY2026 cash from operations was USD 7.01 billion, capital expenditure USD 2.56 billion and free cash flow USD 4.45 billion, against negative USD 2.54 billion in Q1 FY2026. Diluted EPS was negative USD 2.16 per share in Q2 FY2026 on 5,104 million shares. Intel stock fundamentals covers the restated FY2021 cash flow cells and net debt.

Income statement

Chart 1

Intel quarterly revenue, Q3 FY2024 to Q2 FY2026

USD bn · quarters ended to

Revenue by quarter, from USD 13.3 bn in Q3 FY2024 to USD 16.1 bn in Q2 FY2026.0510152016.1Q3FY24Q4Q1FY25Q2Q3Q4Q1FY26Q2stockfactsheet.com
Source: Intel Forms 10-Q and 10-K, SEC EDGAR Data as of

Annual

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Table 1 Intel income statement, annual, FY2021–FY2025 (USD millions) USD millions, except per-share data (USD) and percentages · Fiscal year ends late December
USD mFY2025ended FY2024ended FY2023ended FY2022ended FY2021ended CAGRFY21–FY25
Revenue52,85353,10154,22863,05479,024decreased 9.6%
Revenue YoY %decreased 0.5%decreased 2.1%decreased 14.0% 1decreased 20.2% 2increased 1.5%not available
Cost of revenue34,47835,75632,51736,18835,209decreased 0.5%
Gross profit18,37517,34521,71126,86643,815decreased 19.5%
Gross margin %34.8%32.7%40.0%42.6%55.4%not available
R&D13,77416,54616,04617,52815,190decreased 2.4%
SG&A4,6245,5075,6347,0026,543decreased 8.3%
Operating income−2,214−11,678932,33419,456n/m
Operating margin %−4.2%−22.0%0.2%3.7%24.6%not available
Net interest−84 D211 D457 D93 D−453 Dn/m
Pre-tax income1,557−11,2107627,76821,703decreased 48.2%
Income tax1,5318,023−913−2491,835decreased 4.4%
Net income−267−18,7561,6898,01419,868n/m
Net margin %−0.5%−35.3%3.1%12.7%25.1%not available
Per share
Diluted EPS (USD)−0.06−4.380.401.944.86n/m
Diluted shares (m)4,5304,2804,2124,1234,090not available
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Source: Intel Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Net interest = interest income − interest expense, both from the same filing.
  • Not available
  • Not meaningful

1 FY2023 had 52 weeks; FY2022 had 53 weeks (364 vs 371 days).

2 FY2022 had 53 weeks; FY2021 had 52 weeks (371 vs 364 days).

CAGR: compound annual growth rate from FY2021 to FY2025, our calculation; n/m when the endpoints differ in sign or the base is zero or negative.

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

Quarterly

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Table 2 Intel income statement, quarterly, Q3 FY2024–Q2 FY2026 (USD millions) USD millions, except per-share data (USD) and percentages · Fiscal year ends late December
USD mQ2 FY2026ended Q1 FY2026ended Q4 FY2025ended Q3 FY2025ended Q2 FY2025ended Q1 FY2025ended Q4 FY2024ended Q3 FY2024ended
Revenue16,12813,57713,674 D13,65312,85912,66714,260 D13,284
Revenue YoY %increased 25.4%increased 7.2%decreased 4.1%increased 2.8%increased 0.2%decreased 0.4%decreased 7.4%decreased 6.2%
Cost of revenue9,6198,2308,731 D8,4359,3177,9958,676 D11,287
Gross profit6,5095,3474,943 D5,2183,5424,6725,584 D1,997
Gross margin %40.4%39.4%36.1%38.2%27.5%36.9%39.2%15.0%
R&D3,3683,3753,219 D3,2313,6843,6403,876 D4,049
SG&A1,1751,0381,174 D1,1291,1441,1771,239 D1,383
Operating income1,796−3,136580 D683−3,176−301412 D−9,057
Operating margin %11.1%−23.1%4.2%5.0%−24.7%−2.4%2.9%−68.2%
Net interest13 D69 D42 D−54 D−17 D−54 D28 D92 D
Pre-tax income−10,819−3,946338 D4,574−2,769−586599 D−9,086
Income tax29335671 D304255301752 D7,903
Net income−11,033−3,728−591 D4,063−2,918−821−126 D−16,639
Net margin %−68.4%−27.5%−4.3%29.8%−22.7%−6.5%−0.9%−125.3%
Per share
Diluted EPS (USD)−2.16−0.73not available0.90−0.67−0.19not available−3.88
Diluted shares (m)5,1045,083not available4,5314,3694,343not available4,292
(opens in new tab)

Source: Intel Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
  • D Net interest = interest income − interest expense, both from the same filing.
  • Not available

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

Balance sheet

Annual

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Table 3 Intel assets, annual, FY2021–FY2025 (USD millions) USD millions
USD mFY2025at FY2024at FY2023at FY2022at FY2021at
Cash and short-term investments37,416 D22,062 D 1not availablenot availablenot available
Receivables3,8393,4783,4024,1339,457
Inventory11,61812,19811,12713,22410,776
Total current assets63,68847,32443,26950,40758,558 R
PP&E (net)105,414107,91996,64780,86063,245
Goodwill and intangibles26,684 D28,384 D32,180 D33,609 D34,233 D
Total assets211,429196,485191,572182,103168,406
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Source: Intel Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Cash and cash equivalents plus the short-term investments, current marketable securities or current debt securities the filing tags, from the same filing.
  • R Restated in Form 10-Q filed ; originally reported USD 57,718 m in Form 10-K filed .
  • D Goodwill plus the intangible assets the filing reports under the standard intangible-asset tags or the components our mapping lists for the company, from the same filing. Intangible assets a company shows on separate balance sheet lines under other tags, such as licences, may not be included, so for some companies this line is goodwill alone; the lines included can change when the company changes its balance sheet.
  • Not available

1 As presented in Form 10-Q filed .

Totals may not add up because of rounding.

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Table 4 Intel liabilities and shareholders' equity, annual, FY2021–FY2025 (USD millions) USD millions · net cash shown as a negative net debt
USD mFY2025at FY2024at FY2023at FY2022at FY2021at
Current liabilities31,57535,66628,05332,15527,462
Total debt46,585 D50,011 D49,266 D42,051 D38,101 D
Total liabilities85,069 D91,453 D81,607 D78,817 D73,015 D 1
Shareholders' equity114,28199,270105,590101,42395,391
Net debt / (net cash)9,169 D27,949 Dnot availablenot availablenot available
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Source: Intel Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Total debt = short-term debt + long-term debt, from the same filing.
  • D Total liabilities = total liabilities and equity − total equity, from the same filing.
  • D Net debt = total debt minus cash and short-term investments; a negative value is net cash.
  • Not available

1 As presented in Form 10-K filed .

Totals may not add up because of rounding.

Quarterly

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Table 5 Intel assets, quarterly, Q3 FY2024–Q2 FY2026 (USD millions) USD millions
USD mQ2 FY2026at Q1 FY2026at Q4 FY2025at Q3 FY2025at Q2 FY2025at Q1 FY2025at Q4 FY2024at Q3 FY2024at
Cash and short-term investments29,727 D32,789 D37,416 D30,935 D21,206 Dnot available22,062 D 1not available
Receivables4,0334,0663,8393,2022,3603,0643,4783,121
Inventory12,49212,42611,61811,48911,37712,28112,19812,062
Total current assets57,21362,15763,68851,73143,37542,13447,32446,137
PP&E (net)105,741104,458105,414105,047109,510109,763107,919104,248
Goodwill and intangibles23,010 D23,187 D26,684 D26,789 D26,969 D28,261 D28,384 D28,655 D
Total assets202,439205,332211,429204,514192,520192,242196,485193,542
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Source: Intel Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Cash and cash equivalents plus the short-term investments, current marketable securities or current debt securities the filing tags, from the same filing.
  • D Goodwill plus the intangible assets the filing reports under the standard intangible-asset tags or the components our mapping lists for the company, from the same filing. Intangible assets a company shows on separate balance sheet lines under other tags, such as licences, may not be included, so for some companies this line is goodwill alone; the lines included can change when the company changes its balance sheet.
  • Not available

1 As presented in Form 10-Q filed .

Totals may not add up because of rounding.

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Table 6 Intel liabilities and shareholders' equity, quarterly, Q3 FY2024–Q2 FY2026 (USD millions) USD millions · net cash shown as a negative net debt
USD mQ2 FY2026at Q1 FY2026at Q4 FY2025at Q3 FY2025at Q2 FY2025at Q1 FY2025at Q4 FY2024at Q3 FY2024at
Current liabilities35,67026,88531,57532,29734,96632,17435,66635,159
Total debt50,537 D45,031 D46,585 D46,553 D50,757 D50,151 D50,011 D50,236 D
Total liabilities99,296 D80,343 D85,069 D87,784 D86,769 D85,829 D91,453 D88,678 D
Shareholders' equity87,542111,394114,281106,37697,88399,75699,27099,532
Net debt / (net cash)20,810 D12,242 D9,169 D15,618 D29,551 Dnot available27,949 Dnot available
(opens in new tab)

Source: Intel Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Total debt = short-term debt + long-term debt, from the same filing.
  • D Total liabilities = total liabilities and equity − total equity, from the same filing.
  • D Net debt = total debt minus cash and short-term investments; a negative value is net cash.
  • Not available

Totals may not add up because of rounding.

Cash flow

Chart 2

Intel quarterly free cash flow, Q3 FY2024 to Q2 FY2026

USD bn · quarters ended to

Free cash flow by quarter, from USD −2.40 bn in Q3 FY2024 to USD 4.45 bn in Q2 FY2026.−5.0−2.50.02.55.0−2.4−2.7−4.4−1.5−2.54.5Q3FY24Q4Q1FY25Q2Q3Q4Q1FY26Q2stockfactsheet.com
Source: Intel Forms 10-Q and 10-K, SEC EDGAR Data as of

Annual

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Table 7 Intel cash flow, annual, FY2021–FY2025 (USD millions) USD millions · outflows shown with a minus sign
USD mFY2025ended FY2024ended FY2023ended FY2022ended FY2021ended
Cash from operations9,6978,28811,47115,43329,456 R
Capital expenditure−14,646−23,944−25,750−24,844−18,733
Free cash flow−4,949 D−15,656 D−14,279 D−9,411 D10,723 R D
Dividends paid0−1,599−3,088−5,997−5,644
Share buybacksnot availablenot available00−2,415
Cash from investing−14,821−18,256−24,041−10,231 R−24,283 R
Cash from financing11,58711,1388,5051,115 R−6,211 R
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Source: Intel Forms 10-Q and 10-K, SEC EDGAR Data as of

  • R Restated in Form 10-K filed ; originally reported USD 29,991 m in Form 10-K filed .
  • D Free cash flow = cash from operations minus capital expenditure.
  • R Uses FY2021 cash from operations as restated in Form 10-K filed (USD 29,456 m; originally reported USD 29,991 m in Form 10-K filed ).
  • R Restated in Form 10-K filed ; originally reported USD −10,477 m in Form 10-K filed .
  • R Restated in Form 10-K filed ; originally reported USD −25,167 m in Form 10-K filed .
  • R Restated in Form 10-K filed ; originally reported USD 1,361 m in Form 10-K filed .
  • R Restated in Form 10-K filed ; originally reported USD −5,862 m in Form 10-K filed .
  • Not available

Totals may not add up because of rounding.

Quarterly

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Table 8 Intel cash flow, quarterly, Q3 FY2024–Q2 FY2026 (USD millions) USD millions · outflows shown with a minus sign
USD mQ2 FY2026ended Q1 FY2026ended Q4 FY2025ended Q3 FY2025ended Q2 FY2025ended Q1 FY2025ended Q4 FY2024ended Q3 FY2024ended
Cash from operations7,006 D1,0964,288 D2,546 D2,050 D8133,165 D4,054 D
Capital expenditure−2,556 D−3,636−3,488 D−2,425 D−3,550 D−5,183−5,834 D−6,458 D
Free cash flow4,450 D−2,540 D800 D121 D−1,500 D−4,370 D−2,669 D−2,404 D
Dividends paidnot availablenot available0 D0 D0 D00 D−536 D
Cash from investing−3,762 D3,093−6,566 D−6,250 D−2,086 D81−3,764 D−2,764 D
Cash from financing−7,342 D−1,2065,849 D5,152 D782 D−19663 D−3,792 D
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Source: Intel Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Quarter derived from year-to-date totals: the six- or nine-month figure minus the earlier quarters.
  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
  • D Free cash flow = cash from operations minus capital expenditure.
  • Not available

Totals may not add up because of rounding.

Per share and dividends

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Table 9 Intel per-share data and dividends, annual, FY2021–FY2025 USD per share, split-adjusted · shares in millions
USDFY2025ended FY2024ended FY2023ended FY2022ended FY2021ended
Basic EPS (USD)−0.06−4.380.401.954.89
Diluted EPS (USD)−0.06−4.380.401.944.86
Dividends declared per share (USD)not available0.380.74 11.46 1not available
Diluted shares (m)4,5304,2804,2124,1234,090
Shares outstanding at year end (m)4,9944,3304,2284,1374,070
FCF cover (×)n/mn/mn/mn/m1.9× R
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Source: Intel Forms 10-Q and 10-K, SEC EDGAR Data as of

  • R Uses FY2021 cash from operations as restated in Form 10-K filed (USD 29,456 m; originally reported USD 29,991 m in Form 10-K filed ).
  • Not available
  • Not meaningful

1 As presented in Form 10-K filed .

Notes on these figures

  • R Restated
    • Restated in Form 10-Q filed ; originally reported USD 57,718 m in Form 10-K filed .
    • Restated in Form 10-K filed ; originally reported USD 29,991 m in Form 10-K filed .
    • Uses FY2021 cash from operations as restated in Form 10-K filed (USD 29,456 m; originally reported USD 29,991 m in Form 10-K filed ).
    • Restated in Form 10-K filed ; originally reported USD −10,477 m in Form 10-K filed .
    • Restated in Form 10-K filed ; originally reported USD −25,167 m in Form 10-K filed .
    • Restated in Form 10-K filed ; originally reported USD 1,361 m in Form 10-K filed .
    • Restated in Form 10-K filed ; originally reported USD −5,862 m in Form 10-K filed .
  • D Derived by StockFactsheet
    • Net interest = interest income − interest expense, both from the same filing.
    • Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
    • Cash and cash equivalents plus the short-term investments, current marketable securities or current debt securities the filing tags, from the same filing.
    • Goodwill plus the intangible assets the filing reports under the standard intangible-asset tags or the components our mapping lists for the company, from the same filing. Intangible assets a company shows on separate balance sheet lines under other tags, such as licences, may not be included, so for some companies this line is goodwill alone; the lines included can change when the company changes its balance sheet.
    • Total debt = short-term debt + long-term debt, from the same filing.
    • Total liabilities = total liabilities and equity − total equity, from the same filing.
    • Net debt = total debt minus cash and short-term investments; a negative value is net cash.
    • Free cash flow = cash from operations minus capital expenditure.
    • Quarter derived from year-to-date totals: the six- or nine-month figure minus the earlier quarters.
  • Template: standard statement set (not bank or insurer).
  • Arrows show direction of change only, not whether a change is good or bad.

How we got these numbers

Every figure comes from Intel's Forms 10-Q and 10-K as filed with the SEC. Derived values are marked D and explained below.

Full method for this page
Source documents
Forms 10-Q (Q3 FY2024 to Q2 FY2026) and 10-K (FY2021 to FY2025)
Period covered
8 quarters and 5 fiscal years
Calculations
TTM = sum of the last 4 quarters. Q4 = fiscal year minus the nine-month YTD. Margins = line item ÷ revenue. FCF = cash from operations − capital expenditure. CAGR = compound annual growth across the annual table.
Restatements
FY2021 cash from operations, an input of the FY2021 ratio, was restated in Form 10-K filed (originally USD 29,991 m). Restated figures carry the R marker; its footnote gives the originally reported value.
Comparator
None: this page shows the company's own figures only.
Currency
As reported (USD); no FX conversion.
Read the full methodology

CSV downloads

One file per statement, with the annual and quarterly figures on this page in full units.

Sources and data

Data as of Figures are as reported in the filings below. Derived figures are our calculations (see Methodology).

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  1. [1] Filing Form 10-Q, quarter ended 27 Jun 2026 Intel Corporation · · sec.gov
  2. [2] Filing Form 10-Q, quarter ended 28 Mar 2026 Intel Corporation · · sec.gov
  3. [3] Filing Form 10-K, fiscal year ended 27 Dec 2025 Intel Corporation · · sec.gov
  4. [4] Filing Form 10-Q, quarter ended 27 Sep 2025 Intel Corporation · · sec.gov
  5. [5] Filing Form 10-Q, quarter ended 28 Jun 2025 Intel Corporation · · sec.gov
  6. [6] Filing Form 10-Q, quarter ended 29 Mar 2025 Intel Corporation · · sec.gov
  7. [7] Filing Form 10-K, fiscal year ended 28 Dec 2024 Intel Corporation · · sec.gov
  8. [8] Filing Form 10-Q, quarter ended 28 Sep 2024 Intel Corporation · · sec.gov
  9. [9] Filing Form 10-K, fiscal year ended 30 Dec 2023 Intel Corporation · · sec.gov
  10. [10] Filing Form 10-K, fiscal year ended 31 Dec 2022 Intel Corporation · · sec.gov
  11. [11] Filing Form 10-K, fiscal year ended 25 Dec 2021 Intel Corporation · · sec.gov
  12. [12] Filing Form 10-Q, quarter ended 29 Jun 2024 Intel Corporation · · sec.gov
  13. [13] Filing Form 10-Q, quarter ended 30 Mar 2024 Intel Corporation · · sec.gov
  14. [14] Filing Form 10-Q, quarter ended 30 Sep 2023 Intel Corporation · · sec.gov
  15. [15] Filing Form 10-Q, quarter ended 2 Apr 2022 Intel Corporation · · sec.gov
  16. [16] Filing Form 10-K, fiscal year ended 26 Dec 2020 Intel Corporation · · sec.gov
  17. [17] Our dataset StockFactsheet fundamentals dataset, extracted from SEC EDGAR XBRL on ; derived values (Q4, TTM, free cash flow, net debt, margins, growth rates and ratios) are explained in Methodology.

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StockFactsheet (2026). "Intel (INTC) financial statements: income, balance sheet and cash flow." Signed off by OffScriptBySami. Updated ; data as of . https://stockfactsheet.com/stocks/intc/financials/

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