Stock Analysis on Net
Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

Common-Size Balance Sheet: Assets 
Quarterly Data

Intel Corp., common-size consolidated balance sheet: assets (quarterly data)

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Dec 27, 2025 Sep 27, 2025 Jun 28, 2025 Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021
Cash and cash equivalents 6.75 5.45 5.01 4.65 4.20 4.54 5.47 3.59 3.70 4.04 4.50 4.44 6.12 2.59 2.58 3.52 2.87 4.69 3.07 3.45
Short-term investments 10.95 9.68 6.01 6.29 7.03 7.91 8.72 7.47 9.37 9.22 8.57 10.42 9.44 10.31 13.29 18.42 14.01 15.94 13.01 11.42
Accounts receivable, net 1.82 1.57 1.23 1.59 1.77 1.61 1.52 1.72 1.78 1.51 1.61 2.08 2.27 4.27 3.56 4.01 5.62 5.00 4.83 4.79
Inventories 5.49 5.62 5.91 6.39 6.21 6.23 5.45 5.96 5.81 6.07 6.46 7.01 7.26 7.34 7.14 6.77 6.40 5.83 5.70 5.63
Other current assets 5.12 2.99 4.38 2.99 4.88 3.55 3.48 3.36 1.93 2.37 2.22 2.13 2.59 3.66 3.11 2.76 5.39 5.04 5.33 5.10
Current assets 30.12% 25.29% 22.53% 21.92% 24.09% 23.84% 24.65% 22.11% 22.59% 23.20% 23.36% 26.07% 27.68% 28.18% 29.68% 35.48% 34.27% 36.50% 31.94% 30.39%
Property, plant, and equipment, net of accumulated depreciation 49.86 51.36 56.88 57.10 54.92 53.86 50.14 51.85 50.45 49.44 48.99 46.27 44.40 43.33 42.05 37.83 37.56 35.56 37.62 38.06
Equity investments 4.03 4.24 2.80 2.61 2.74 2.84 2.82 3.19 3.04 3.02 3.17 3.25 3.25 3.33 3.48 3.42 3.74 3.60 3.66 3.59
Other long-term investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.57 0.82 0.94
Goodwill 11.31 11.69 12.42 12.84 12.57 12.75 13.31 14.24 14.40 14.61 14.86 14.89 15.15 15.78 16.19 15.32 16.01 15.95 17.31 17.91
Identified intangible assets, net 1.31 1.41 1.59 1.86 1.88 2.05 2.13 2.43 2.40 2.63 2.79 3.00 3.30 3.58 3.77 3.86 4.32 4.57 5.19 5.58
Other long-term assets 3.37 6.00 3.78 3.67 3.80 4.65 6.95 6.20 7.12 7.10 6.83 6.51 6.21 5.80 4.83 4.09 3.61 3.25 3.46 3.54
Long-term assets 69.88% 74.71% 77.47% 78.08% 75.91% 76.16% 75.35% 77.89% 77.41% 76.80% 76.64% 73.93% 72.32% 71.82% 70.32% 64.52% 65.73% 63.50% 68.06% 69.61%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27).

The composition of assets exhibited notable shifts over the observed period, spanning from March 2021 to December 2025. Current assets initially represented a substantial portion of the total, fluctuating between approximately 30% and 37% before declining to around 22%-30% by the end of the period. Conversely, long-term assets demonstrated an inverse relationship, increasing from roughly 63% to 78% over the same timeframe. Within these broad categories, specific asset components displayed distinct trends.

Liquidity & Current Assets
Cash and cash equivalents showed volatility, peaking at 6.75% in December 2025, but generally remaining in the 3%-6% range. Short-term investments experienced a decline from over 13% in the earlier part of the period to approximately 6%-11% by the end. Accounts receivable, net, consistently decreased from nearly 5% to around 1.2%-1.8%, suggesting improved efficiency in collecting receivables or a potential reduction in credit sales. Inventories remained relatively stable, fluctuating between 5.5% and 7.3%, with a slight downward trend towards the end of the period. Other current assets demonstrated a more erratic pattern, increasing significantly in later periods, potentially indicating a build-up of prepaid expenses or other short-term holdings.
Fixed Assets
Property, plant, and equipment, net of accumulated depreciation, consistently constituted the largest single asset component, steadily increasing from 38% to approximately 50%-58% of total assets. This suggests significant and ongoing investment in fixed assets. The increase indicates a potential expansion of operational capacity or modernization of existing facilities.
Long-Term Investments & Intangibles
Equity investments remained relatively stable, fluctuating between 3% and 4%, with a notable increase to 4.24% and 4.03% in late 2025. Other long-term investments decreased over time, becoming negligible in later periods. Goodwill experienced a gradual decline from approximately 18% to around 11%-14%, potentially reflecting impairment charges or a shift in the company’s acquisition strategy. Identified intangible assets, net, also showed a consistent downward trend, decreasing from 5.6% to approximately 1.3%-2.4%. Other long-term assets exhibited a fluctuating pattern, peaking at 7.1% in September 2023 before decreasing to 3.37% by December 2025.

Overall, the asset composition shifted towards a greater proportion of long-term assets, particularly property, plant, and equipment, and away from current assets. This suggests a strategic focus on long-term growth and investment in operational capabilities. The declines in goodwill and identified intangible assets warrant further investigation to understand the underlying reasons and potential implications for future performance.

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