Intel Corp

intel.com

What Do They Do?

Sells microprocessors, chipsets and systems-on-chip to external customers, and provides wafer manufacturing and assembly/test services to Intel businesses and some outside customers.

How Do They Make Money?

Customers buy Intel products; most sales are completed when products ship from Intel's facilities or are delivered to the customer, depending on shipping terms.

revenue

Segment	Share	How money arrives
Total Intel Products Sold outright	93% FY2022: 90%	Sold outright
Intel Foundry Sold outright	34% FY2022: 44%	Sold outright
All Other	6.7% FY2022: 8.8%

Who Are Their Customers?

Intel's product business earns revenue from external customers. Intel Foundry serves Intel's product businesses and certain third-party customers with wafer, substrate and related services.

Do Revenues Turn Into Profits?

No. It lost $267M in FY2025.

Operating income, FY2025

−4% of revenue

▼ −81% (Loss) vs FY2024 (−$11.7B, −22%)

Net income, FY2025

−1% of revenue

▼ −99% (Loss) vs FY2024 (−$18.8B, −35%)

Free cash flow, FY2025

−9% of revenue

▼ −68% (Loss) vs FY2024 (−$15.7B, −29%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 27, 2026

Revenue: ▲ +25%; vs $12.9B in Q2 FY2025
Net income: ▲ +278% (Loss); vs −$2.9B in Q2 FY2025

Total Intel Products share of revenue vs 91.8% in Q2 FY2025

Jul 23, 2026 Intel issues third-quarter financial guidance Intel forecast third-quarter 2026 revenue of $15.8 billion to $16.8 billion and EPS of $0.31.
Apr 8, 2026 Intel buys out partner's Fab 34 joint-venture stake Intel repurchased Apollo-managed funds' 49% interest for $14.2 billion, taking full ownership of the joint venture.
Mar 3, 2026 Intel's board chair changes following the annual meeting Craig H. Barratt was elected independent chair, succeeding Frank Yeary, who retired from the board.

Shrinking. Revenue fell 33% in 4 years, from $79B in FY2021 to $52.9B in FY2025, about 10% a year.

Revenue over time

Total Intel Products Intel Foundry All Other Programmable Solutions Group Client Computing Group Non-Volatile Memory Solutions Group Data Center Group Mobileye Internet of Things Group

$100B$50B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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