Intel Corporation (INTC)
Intel is a historic leader in microprocessors that is investing heavily to rebuild its manufacturing edge and build a foundry business for outside customers. Its US fabs make it a focal point of domestic chip policy.
INTC vs TER: how the two businesses compare
- Bigger business: INTC, with $52.9B of yearly revenue, about 17× TER's $3.2B.
- More profitable: TER keeps 17 cents of each sales dollar as profit; INTC lost money over the year.
- More cash from each sale: TER turns 21 cents of each sales dollar into operating cash flow, against 18 cents at INTC.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
Intel (INTC) is the larger business by reported revenue: $52.9B in its fiscal year ended Dec 2025, about 17× TER's $3.2B (fiscal year ended Dec 2025). INTC's net margin was -0.5% and TER's 17.4%. The SEC classifies them differently (Semiconductors & Related Devices; Instruments For Meas & Testing of Electricity & Elec Signals); what connects them is shared exposure to the Artificial intelligence and Tariffs & trade research themes, not a common industry.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Information Technology
- Different
- Separate classifications
- Different
- INTC December 26 · TER December 31
- Feb 19, 2026
INTC vs TER: quick comparison
| Company fact | INTC | TER |
|---|---|---|
| Company | Intel Corporation | Teradyne, Inc. |
| Exchange | NASDAQ | NASDAQ |
| Headquarters | Santa Clara, California | — |
| Founded | 1968 | — |
| SEC industry | Semiconductors & Related Devices | Instruments For Meas & Testing of Electricity & Elec Signals |
| Fiscal year-end | December 26 | December 31 |
| Latest annual filing | 10-K · 2026-01-23 | 10-K · 2026-02-19 |
INTC vs TER: audited financials
- Scale: INTC's $52.9B of revenue is about 17× TER's $3.2B.
- Net margin: TER kept 17.4% of revenue as net income versus -0.5% at INTC.
- Cash conversion: operating cash flow equalled INTC 18.3% of revenue; TER 21.1% of revenue, or 1.22× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: the fiscal years end 4 days apart (2025-12-27 and 2025-12-31), so these annual figures cover close to the same months.
| Metric | INTC | TER |
|---|---|---|
| Revenue | $52.9B2024-12-29 to 2025-12-27 · SEC filing | $3.2B2025-01-01 to 2025-12-31 · SEC filing |
| Net income | −$267M2024-12-29 to 2025-12-27 · SEC filing | $554M2025-01-01 to 2025-12-31 · SEC filing |
| Operating cash flow | $9.7B2024-12-29 to 2025-12-27 · SEC filing | $674M2025-01-01 to 2025-12-31 · SEC filing |
| Diluted EPS | −$0.062024-12-29 to 2025-12-27 · SEC filing | $3.472025-01-01 to 2025-12-31 · SEC filing |
| Net margin | -0.5%2024-12-29 to 2025-12-27 · SEC filing | 17.4%2025-01-01 to 2025-12-31 · SEC filing |
INTC: FY ending 2025-12-27 · TER: FY ending 2025-12-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where INTC and TER overlap, and where they don't
Overlap
- Shared research themes: Artificial intelligence and Tariffs & trade.
- Nearly aligned fiscal calendars: INTC's year ends December 26 and TER's December 31.
Differences
- Different SEC industries: INTC files as Semiconductors & Related Devices; TER as Instruments For Meas & Testing of Electricity & Elec Signals.
- Scale: INTC reported about 17× the annual revenue of TER.
- Profitability: net margin of -0.5% for INTC versus 17.4% for TER.
- INTC reported a net loss of $267M in its fiscal year ended Dec 2025.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
Teradyne, Inc. (TER)
Teradyne makes automated test equipment for semiconductors and electronics along with industrial and collaborative robots.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves INTC
- Intel 18A yield and volume ramp for client and server CPUs
- External foundry customer wins needed to justify Intel 14A
- Client and data-center CPU volume, pricing, and share versus AMD and Arm-based rivals
- Capital spending, fab construction pace, and government and strategic equity funding
What moves TER
We have not yet published a company-specific driver list for TER. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-19.
The investment question
You now know INTC reports about 17× TER's revenue, and TER keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to artificial intelligence and tariffs & trade, including “Intel 18A yield and volume ramp for client and server CPUs” at INTC, and which evidence in the next filings would prove that assumption wrong.
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Members-only research on INTC and TER
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. INTC's fiscal year ends December 26, while TER's ends December 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 45 matched transaction rows for INTC and 9 matched transaction rows for TER. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
INTC primary filings
TER primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
INTC vs TER FAQs
Are INTC and TER direct competitors?
Not necessarily. Intel files as Semiconductors & Related Devices and Teradyne as Instruments For Meas & Testing of Electricity & Elec Signals. The pair is compared because both map to the Artificial intelligence and Tariffs & trade research themes, not because the filings show head-to-head competition.
Is INTC or TER the bigger company by revenue?
Intel (INTC) is the larger business by reported revenue: $52.9B in its fiscal year ended Dec 2025, about 17× TER's $3.2B (fiscal year ended Dec 2025). INTC's net margin was -0.5% and TER's 17.4%. The SEC classifies them differently (Semiconductors & Related Devices; Instruments For Meas & Testing of Electricity & Elec Signals); what connects them is shared exposure to the Artificial intelligence and Tariffs & trade research themes, not a common industry. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, INTC or TER?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this INTC vs TER comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Intel Corporation and Teradyne, Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
INTC vs TER compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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