What is INTC's intrinsic value?

TickerWorth's valuation lenses put Intel Corporation (INTC) between $17.21 and $80.14 per share, versus a market price of $89.85. They disagree too widely for us to state a single fair value, so we publish the range.

Is INTC overvalued or undervalued?

At $89.85 the price sits above every lens we ran. We don't call INTC overvalued or undervalued from a range this wide. This is an educational estimate, not advice.

What discount rate is used for INTC?

A WACC of 11.8% and a terminal growth rate of 2.5%.

Is Intel stock undervalued?

TickerWorth's fair-value range for Intel Corporation (INTC) is $17.21 – $80.14 against a market price of $89.85. Priced above our range. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.

Intel (INTC) DCF valuation and fair value

Our fair-value range for Intel Corporation (INTC) is $17.21 – $80.14, built on a 11.8% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.

Intel (INTC) insider trading

We have no recent SEC Form 4 insider filings on file for Intel Corporation (INTC). Form 4 covers US-listed companies only.

INTC · Intrinsic value

Is Intel Corporation (INTC) overvalued or undervalued?

Name: Intel Corporation (INTC) DCF intrinsic value
Creator: TickerWorth

As of Oct 19, 2026, TickerWorth publishes a fair-value range of $17.21 – $80.14 for Intel Corporation (INTC), against the delayed market price of $89.85: priced above our range. It is a range, not a single number, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.

Model by Miraaj Patel · generated from a hand-researched model · Updated Oct 19, 2026 · How these pages are made

Open full INTC analysis

What is INTC worth?

Fair-value range: $17.21 – $80.14
Market price: $89.85
Gap to fair value: —
Verdict: Priced above our range

Price as of 19 Oct 2026, 13:54 UTC · Prices are delayed.Our valuation lenses disagree too widely on this company for us to publish a single number, so we publish the range instead. We do not call it over- or undervalued from a spread this wide.

Fair-value range against the delayed market price: Priced above our range.

Reverse DCF, on our cash-flow model rather than the range above: Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast.

What is INTC's TickerWorth Score?

D40/100

Scores lower than most companies we compare it with

Compared with Technology companies in US

Its strongest point: recent price trend has been strong. Its weakest: profitability is weak.

Value · 40 of 100
Cheaper than 40% of Technology companies in US
Price vs worth · 24 of 100
Quality · 24 of 100
More profitable than 24% of Technology companies in US
Financial health · 43 of 100
Financially stronger than 43% of Technology companies in US
Growth · 60 of 100
Growing faster than 60% of Technology companies in US
Momentum · 66 of 100
Outperformed 66% of Technology companies in US over the past year

Confidence: Medium confidence · Scored 19 Oct 2026, 13:54 UTC

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Where the numbers come from

Hand-researched model

What the modeller flagged

THE GAP IS ENORMOUS AND NO SINGLE INPUT CLOSES IT. The model values Intel at about a tenth of the market price. Reverse-DCF (engine): at the model's 18.5% steady margin, revenue would have to grow ~97% a year for five years (to ~$1.56 trillion by 2030). On the model's growth path no EBIT margin up to 95% reaches the price; the terminal growth rate needed is ~11.0%, essentially the 11.82% discount rate. A deliberately bullish combination — margins to 30% by 2030, growth 20/15/12/10% after 2026, capex at 22% of revenue and beta 1.3 — still gives only ~$37/share. The market is not pricing a recovery of the old Intel; it is pricing something this lens cannot represent (a scarce U.S. leading-edge foundry with strategic, government-backed value).
YEAR-1 FCF IS DEEPLY NEGATIVE (-$3.1B) and Intel's reported FY2025 adjusted FCF was also negative (-$1.6B), so the house '% gap vs reported FCF' test is not meaningful. The difference in definition is material: Intel's adjusted FCF ADDS partner contributions ($4.9B in FY2025); this model does not, because Brookfield's claim is deducted separately.
TERMINAL VALUE IS 80% OF ENTERPRISE VALUE — above the 75% danger line, and higher still in substance because Year 1 contributes a negative cash flow. The precision of the per-share figure should be read as a range: the WACC × terminal-growth grid runs ~$8.55-16.08.
THE MODEL VALUES INTEL BELOW ITS OWN BOOK EQUITY. Enterprise value is ~$66.8B against $105.7B of net PP&E. That is the arithmetic of the inputs, not an error: on the 2030 economics (EBIT 18.5%, tax 15%, ~1.65x revenue in fixed assets) the return on capital is roughly 10%, below the 11.82% WACC, so each dollar of the capital base is worth less than a dollar. Higher margins or a lower capital intensity are the only ways out — which is exactly the foundry bet.
CAPEX LINE UNDERSTATES 2027. Management guided 2027 capex 'significantly above' 2026's >$20B. The engine applies one ratio to 2027-2030 and the terminal year, and 25% of revenue is a steady-state figure (~$17.6B in 2027). If 2027-28 run $7-8B/yr higher, the value falls by roughly $1-2/share. Partly offsetting and also unmodelled: the 35% Advanced Manufacturing Investment Credit (~$0.35 per qualifying U.S. dollar per management) — but the statutory credit requires construction to begin before 2027 (BDO, https://www.bdo.com/insights/industries/technology/section-48d-credit-opportunities-for-semiconductor-manufacturing-and-production-equipment-companies), so it cannot be capitalised into a perpetuity, and most of it arrives as a non-cash tax receivable.
FOUNDRY BREAK-EVEN IS SLIPPING. Intel Foundry lost $2,089M in Q2 2026 alone. CFO Zinsner said on 2026-08-26 that break-even, once targeted for end-2027, may be 'the end of '28'. The margin path assumes the losses narrow steadily; if they persist, the 18.5% end-margin is too high.
Beta normalized DOWN from a published 2.231 to 1.42 — generous; the published figure gives $7.13/share. Tax normalized UP from management's 11% long-term non-GAAP rate to 15% — conservative; 11% gives $12.27.
Brookfield's Arizona stake is deducted at book ($13.4B). The Apollo buyout shows a partner's exit price can be far above book; this is a downside risk to the bridge, not modelled.
SBC ($2,434M in FY2025, ~4.6% of revenue; ~$2.1B guided for 2026 opex) stays expensed inside GAAP EBIT; dilution is carried by the fully diluted 5,488M share count.

Why INTC gets a range, not one number

At a recent price of $89.85, Intel Corporation (INTC) sits above every lens we ran: our valuation lenses put the business somewhere between $17.21 and $80.14 per share. They disagree too widely for us to state a single fair value. We publish the range rather than a midpoint because a number that precise would claim more than the methods can support. This is an educational model, not a price target or a recommendation.

Read the full reasoning

The valuation discounts Intel Corporation's projected free cash flows at a weighted-average cost of capital (WACC) of 11.8%, with a long-run terminal growth rate of 2.5%. About 80% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.

Running the DCF in reverse — solving for the growth the current price already assumes — INTC would need sustained revenue growth of more than 25%/yr to justify today's price, against about 9.6% a year compounded in our base case. We don't quote a precise figure here, because past about 25% a year the reverse-DCF stops being informative: it solves for revenue growth alone, holding margins, capital intensity and the forecast horizon fixed, so a price well above our fair value has nowhere to go but growth. The honest reading is that the price implies growth this model can't reconcile — not that we forecast it.

Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, INTC's modeled DCF value ranges from about $8.55 to $16.08 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.

How to read this page: the DCF fair value is what Intel Corporation would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of INTC's intrinsic value. Figures update as new filings and prices come in.

Every input behind INTC's DCF

Input	Value	Source
Base-year revenueIntel FY2025 10-K (accession 0000050863-26-000011, filed 2026-01-23); FY2025 earnings release 8-K Ex-99.1 (accession 0000050863-26-000009): Net revenue for the fiscal year ended 2025-12-27, $52,853M, essentially flat on FY2024's $53,101M (-0.5%). Ties to us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax in EDGAR companyfacts. COMPARABILITY: Altera was deconsolidated on 2025-09-12 after Intel sold 51%, so FY2025 carries ~8.5 months of Altera and FY2026 carries none; Altera sat in 'All other', which fell 33% YoY in Q2 2026. UNCHANGED as the base; the step-up belongs in the forecast. CROSS-CHECK: H1 2026 revenue was $29,705M, +16.4% on H1 2025's $25,526M, and Q2 alone was $16,128M, +25% YoY — Intel's 'strongest revenue growth in more than fifteen years'.	$52,853,000,000	Intel FY2025 10-K (accession 0000050863-26-000011, filed 2026-01-23); FY2025 earnings release 8-K Ex-99.1 (accession 0000050863-26-000009): Net revenue for the fiscal year ended 2025-12-27, $52,853M, essentially flat on FY2024's $53,101M (-0.5%). Ties to us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax in EDGAR companyfacts. COMPARABILITY: Altera was deconsolidated on 2025-09-12 after Intel sold 51%, so FY2025 carries ~8.5 months of Altera and FY2026 carries none; Altera sat in 'All other', which fell 33% YoY in Q2 2026. UNCHANGED as the base; the step-up belongs in the forecast. CROSS-CHECK: H1 2026 revenue was $29,705M, +16.4% on H1 2025's $25,526M, and Q2 alone was $16,128M, +25% YoY — Intel's 'strongest revenue growth in more than fifteen years'.
Base EBIT marginIntel Q4/FY2025 earnings release, 8-K Ex-99.1 filed 2026-01-22 (accession 0000050863-26-000009): GAAP operating LOSS of $2,214M / $52,853M = -4.19%. Reported line, not derived. It includes $2,191M of restructuring and other charges (2025 Restructuring Plan) and $2,434M of SBC; ex-restructuring it was roughly flat at -0.04%. Intel's own non-GAAP operating margin was 5.5%. THIS IS A LOSS-MAKING BASE YEAR, so the model's peak-margin test reads off Year 1 (10.2%), not this figure. CROSS-CHECK, H1 2026: GAAP operating loss $1,340M on $29,705M, but that carries a $3.9B NON-CASH goodwill impairment on Mobileye booked in Q1; ex that charge H1 was +$2,560M (8.6%), and Q2 alone printed a GAAP operating margin of 11.1% ($1,796M on $16,128M) — the first double-digit GAAP quarter in years.	-4.2%	Intel Q4/FY2025 earnings release, 8-K Ex-99.1 filed 2026-01-22 (accession 0000050863-26-000009): GAAP operating LOSS of $2,214M / $52,853M = -4.19%. Reported line, not derived. It includes $2,191M of restructuring and other charges (2025 Restructuring Plan) and $2,434M of SBC; ex-restructuring it was roughly flat at -0.04%. Intel's own non-GAAP operating margin was 5.5%. THIS IS A LOSS-MAKING BASE YEAR, so the model's peak-margin test reads off Year 1 (10.2%), not this figure. CROSS-CHECK, H1 2026: GAAP operating loss $1,340M on $29,705M, but that carries a $3.9B NON-CASH goodwill impairment on Mobileye booked in Q1; ex that charge H1 was +$2,560M (8.6%), and Q2 alone printed a GAAP operating margin of 11.1% ($1,796M on $16,128M) — the first double-digit GAAP quarter in years.
Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast	19% → 12% → 8% → 6% → 4%	ESTIMATEAssumption — TickerWorth's 5-year explicit forecast
Risk-free rateFRED DGS10 — US 10Y Treasury constant maturity: 5.24% on 2026-10-01, the latest published observation. House input shared by every model in this tracker.	5.2%	FRED DGS10 — US 10Y Treasury constant maturity: 5.24% on 2026-10-01, the latest published observation. House input shared by every model in this tracker.
BetaESTIMATEAssumption — normalized estimate; published Yahoo/yfinance 5Y-monthly beta 2.231 read 2026-10-03: Published 5Y-monthly beta is 2.231. NORMALIZED DOWN to 1.42 — GENEROUS (lowers the discount rate, raises the value: the published 2.231 gives $7.13/share, 1.42 gives $11.30). Evidence the published figure is one event: I regressed INTC monthly returns (yfinance, adjusted) on the S&P 500 myself. 60 months ending 2023-12: 1.00; ending 2024-12: 1.08; ending 2025-06: 1.15; ending 2025-12: 1.35; ending 2026-10: 2.35 (reproduces Yahoo's ~2.2). The jump is the stock tripling in one quarter (quarter-end closes $44.13 Mar-2026 → $139.63 Jun-2026). 1.42 is my 120-MONTH regression ending 2026-10, which includes the 2026 move without letting it dominate, and sits just above Intel's own pre-2026 range. It is below the 1.50-1.60 this tracker uses for the memory/AI-melt-up names because Intel's own history is lower, not by assumption. No beta in a sane range closes the gap: 1.00 gives $15.19.	1.42	ESTIMATEAssumption — normalized estimate; published Yahoo/yfinance 5Y-monthly beta 2.231 read 2026-10-03: Published 5Y-monthly beta is 2.231. NORMALIZED DOWN to 1.42 — GENEROUS (lowers the discount rate, raises the value: the published 2.231 gives $7.13/share, 1.42 gives $11.30). Evidence the published figure is one event: I regressed INTC monthly returns (yfinance, adjusted) on the S&P 500 myself. 60 months ending 2023-12: 1.00; ending 2024-12: 1.08; ending 2025-06: 1.15; ending 2025-12: 1.35; ending 2026-10: 2.35 (reproduces Yahoo's ~2.2). The jump is the stock tripling in one quarter (quarter-end closes $44.13 Mar-2026 → $139.63 Jun-2026). 1.42 is my 120-MONTH regression ending 2026-10, which includes the 2026 move without letting it dominate, and sits just above Intel's own pre-2026 range. It is below the 1.50-1.60 this tracker uses for the memory/AI-melt-up names because Intel's own history is lower, not by assumption. No beta in a sane range closes the gap: 1.00 gives $15.19.
Terminal growthESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability. Not obviously generous or stingy for Intel: its revenue is lower today than in 2018 ($70.8B) and its PC base is shrinking, but AI server demand and a foundry business with external customers could support above-GDP growth. 2.0% gives $10.76/share. Must remain < WACC of 11.82%; the terminal rate needed to reach today's price is ~11.0%, essentially the discount rate itself.	2.5%	ESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability. Not obviously generous or stingy for Intel: its revenue is lower today than in 2018 ($70.8B) and its PC base is shrinking, but AI server demand and a foundry business with external customers could support above-GDP growth. 2.0% gives $10.76/share. Must remain < WACC of 11.82%; the terminal rate needed to reach today's price is ~11.0%, essentially the discount rate itself.
Diluted sharesESTIMATEAssumption — Intel Q2 2026 10-Q (accession 0000050863-26-000157) Note 4 + 8-K filed 2026-08-12 (accession 0001193125-26-346806) on the common-stock offering: POST-ISSUANCE, FULLY DILUTED, built from filed pieces: Q2 2026 weighted-average diluted shares 5,104M (= basic, because of the loss; it already includes 71M of the 143M U.S.-government Escrowed Shares) + 242.1M sold on 2026-08-10 at $95 (210,526,315 + the fully exercised 31,578,947 option) + the other 72M Escrowed Shares not yet released (counted IN FULL — they are delivered as Intel draws Secure Enclave funding; if not released, half go to the DOC anyway) + 70M RSUs/options/other that Intel excluded as anti-dilutive only because of the loss = 5,488M. Because the escrowed shares are COUNTED HERE, the $15.6B 'Escrowed Shares derivative liability' on the balance sheet is NOT also deducted from net debt — that would be the same shares twice. NOT counted: the 241M DOC warrants at $20, exercisable only if Intel ceases to own at least 51% of its foundry business (Intel says they are 'neither currently nor expected to become exercisable'). Cross-check: yfinance reports 5,286.1M shares outstanding = the 10-Q cover's 5,044M (2026-07-17) + 242.1M.	5,488M	ESTIMATEAssumption — Intel Q2 2026 10-Q (accession 0000050863-26-000157) Note 4 + 8-K filed 2026-08-12 (accession 0001193125-26-346806) on the common-stock offering: POST-ISSUANCE, FULLY DILUTED, built from filed pieces: Q2 2026 weighted-average diluted shares 5,104M (= basic, because of the loss; it already includes 71M of the 143M U.S.-government Escrowed Shares) + 242.1M sold on 2026-08-10 at $95 (210,526,315 + the fully exercised 31,578,947 option) + the other 72M Escrowed Shares not yet released (counted IN FULL — they are delivered as Intel draws Secure Enclave funding; if not released, half go to the DOC anyway) + 70M RSUs/options/other that Intel excluded as anti-dilutive only because of the loss = 5,488M. Because the escrowed shares are COUNTED HERE, the $15.6B 'Escrowed Shares derivative liability' on the balance sheet is NOT also deducted from net debt — that would be the same shares twice. NOT counted: the 241M DOC warrants at $20, exercisable only if Intel ceases to own at least 51% of its foundry business (Intel says they are 'neither currently nor expected to become exercisable'). Cross-check: yfinance reports 5,286.1M shares outstanding = the 10-Q cover's 5,044M (2026-07-17) + 242.1M.
Market priceDelayed quote · as of 2026-10-19 13:54 UTC	$89.85	Delayed quote · as of 2026-10-19 13:54 UTC

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What does Intel Corporation do?

What does it do?

Intel Corporation designs, develops, manufactures, markets, sells, and services computing and related end products and services in the United States, Ireland, Israel, and internationally. It operates through three segments: CCG, DCAI, and Intel Foundry. It operates in the Semiconductors industry (Technology sector), headquartered in United States. The company employs roughly 85,100 people.

How does it make money?

The business turns $57.0B in annual revenue into profit. Out of every $100 of sales, about $12 is left as operating profit (operating margin of 12.2%), after a 39% gross margin on the products/services it sells. After all costs, taxes and interest, -19.8% of revenue becomes bottom-line net profit.

Is it financially healthy?

Financially it looks solid: carries modest debt (0.5× equity), comfortably covers its short-term bills (1.6× current ratio), and is currently lossmaking.

INTC insider trading

We have no recent SEC Form 4 insider filings on file for Intel Corporation. Form 4 covers US-listed companies only.

Common questions

What is INTC's intrinsic value?
TickerWorth's valuation lenses put Intel Corporation (INTC) between $17.21 and $80.14 per share, versus a market price of $89.85. They disagree too widely for us to state a single fair value, so we publish the range.
Is INTC overvalued or undervalued?
At $89.85 the price sits above every lens we ran. We don't call INTC overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for INTC?
A WACC of 11.8% and a terminal growth rate of 2.5%.
Is Intel stock undervalued?
TickerWorth's fair-value range for Intel Corporation (INTC) is $17.21 – $80.14 against a market price of $89.85. Priced above our range. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
Intel (INTC) DCF valuation and fair value
Our fair-value range for Intel Corporation (INTC) is $17.21 – $80.14, built on a 11.8% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Intel stock?
Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $89.85. A model estimate, not investment advice.
Intel (INTC) insider trading
We have no recent SEC Form 4 insider filings on file for Intel Corporation (INTC). Form 4 covers US-listed companies only.