INTCINTEL CORP

Semiconductors & Related Devices

Revenue: $52.9B; 0.5% YoY
Operating margin: -4.2%; 81% YoY
EBITDA: $8.5B; 595% YoY
Market cap: $349.2B
Employees: —
Net debt / EBITDA: 2.9×; $24.7B net debt
AI in 10-K: 13.5; mentions per 10K words

Takeover score 0 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
—
Cash flow under 80% of net income
Dilutive SBCNo
5% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
0% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
9% of assets
Over 40% of assets
Shareholder dissentNo
87% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
—
Bottom quartile of its SIC industry
Quiet on AINo
13.5 per 10K words · 96th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
2.9× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$349.2B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
$3M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$79.0B	$63.1B	$54.2B	$53.1B	$52.9B	0.5%
Operating income	$19.5B	$2.3B	$93M	−$11.7B	−$2.2B	81%
Net income	$19.9B	$8.0B	$1.7B	−$18.8B	−$267M	99%
Operating cash flow	$29.5B	$15.4B	$11.5B	$8.3B	$9.7B	17%
Capex	$18.7B	$24.8B	$25.8B	$23.9B	$14.6B	39%
Stock-based comp	$2.0B	$3.1B	$3.2B	$3.4B	$2.4B	29%
Buybacks	$2.4B	$0	$0	—	—
Dividends	$5.6B	$6.0B	$3.1B	$1.6B	$0	100%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $10M · 2
Open-market sells, 12 mo: $7M · 3
Net: $3M

Pay vs performance

No pay-versus-performance disclosure yet.