INTC
Intel Corporation
INTC offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
SAP
SAP SE
SAP has a slight edge over INTC overall, supported by lower modeled downside.
INTC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Healthy |
INTC's revenue, cash flow and balance sheet are currently healthy, but its profitability is under pressure.
SAP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
SAP's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
INTC PE Valuation
INTC has no meaningful PE right now: it lost money over the past year.
SAP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $185 | -21% |
| Current | 31x | $234 | — |
| Fair | 35x | $262 | +12% |
| Expensive | 65x | $489 | +109% |
Historical ranges are pointers, not guarantees.
SAP's PE is 31x, but its earnings don't support one, so it isn't a reliable read right now.
INTC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Broad | |
| Low |
Analysts expect earnings and revenue growth for INTC, with profitability improving. However, they disagree widely on these estimates.
SAP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for SAP, with profitability improving. However, they disagree widely on these estimates.
INTC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.41 | — |
| Q3 2026 | -$2.39 | -24000% |
| Q2 2026 | -$2.09 | +$2.68 |
| Q1 2026 | -$0.60 | +$3.88 |
| Q4 2025 | -$0.06 | +$4.32 |
| Q3 2025 | $0.01 | +$3.72 |
| Q2 2025 | -$4.77 | -2088% |
| Q1 2025 | -$4.48 | -562% |
| Q4 2024 | -$4.38 | -1195% |
INTC has swung to a loss: it lost $2.39 per share over the past year, after a profit the year before.
SAP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $7.55 | +22% |
| Q1 2026 | $7.08 | +31% |
| Q4 2025 | $6.92 | +136% |
| Q3 2025 | $6.69 | +163% |
| Q2 2025 | $6.18 | +161% |
| Q1 2025 | $5.40 | +20% |
| Q4 2024 | $2.93 | -49% |
| Q3 2024 | $2.54 | -51% |
SAP has the edge over INTC on earnings quality, reporting a profit while its opponent remains loss making.
INTC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $16.5B | +21% |
| Q2 2026 | $16.1B | +25% |
| Q1 2026 | $13.6B | +7.2% |
| Q4 2025 | $13.7B | -4.1% |
| Q3 2025 | $13.7B | +2.8% |
| Q2 2025 | $12.9B | +0.2% |
| Q1 2025 | $12.7B | -0.4% |
| Q4 2024 | $14.3B | -7.4% |
INTC's revenue is recovering but still below its 2021 peak: $16.5B last quarter, up 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +10 points |
| Q2 2026 | 11% | +36 points |
| Q1 2026 | -23% | -21 points |
| Q4 2025 | 4.2% | +1.4 points |
| Q3 2025 | 5% | +73 points |
| Q2 2025 | -25% | -9.4 points |
| Q1 2025 | -2.4% | +6 points |
| Q4 2024 | 2.9% | -14 points |
INTC's operating margin was 15% last quarter, up 10 points from the same quarter a year ago.
SAP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $11B | +9.4% |
| Q1 2026 | $10.6B | +6% |
| Q4 2025 | $10.8B | +3.3% |
| Q3 2025 | $10.1B | +7.2% |
| Q2 2025 | $10B | +8.9% |
| Q1 2025 | $10B | +12% |
| Q4 2024 | $10.4B | +11% |
| Q3 2024 | $9.4B | +9.4% |
SAP has the edge over INTC on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 27% | -0.6 points |
| Q1 2026 | 29% | +2.9 points |
| Q4 2025 | 24% | +2.7 points |
| Q3 2025 | 27% | +1.1 points |
| Q2 2025 | 27% | +13 points |
| Q1 2025 | 26% | +16 points |
| Q4 2024 | 22% | -0.9 points |
| Q3 2024 | 26% | +3.9 points |
SAP has the edge over INTC on profitability, with a higher operating margin.
INTC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +774% |
| Q2 2026 | $4.5B | +$6B |
| Q1 2026 | -$2.5B | +$1.8B |
| Q4 2025 | $800M | +$3.5B |
| Q3 2025 | $121M | +$2.5B |
| Q2 2025 | -$1.5B | +$1.9B |
| Q1 2025 | -$4.4B | +$2.8B |
| Q4 2024 | -$2.7B | -$597M |
INTC has the edge over SAP on cash flow, with more consistent year-over-year improvement.
SAP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $3.4B | +27% |
| Q1 2026 | $3.6B | -9.4% |
| Q4 2025 | $1.2B | +$2.2B |
| Q3 2025 | $1.4B | +4.9% |
| Q2 2025 | $2.7B | +75% |
| Q1 2025 | $4B | +34% |
| Q4 2024 | -$909.8M | -146% |
| Q3 2024 | $1.4B | +32% |
SAP generated $9.7B in free cash flow over the past year, up 36% from the year before.
INTC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4% | +203M shares |
| 1 year | +17% | +776M shares |
| 3 years | +25% | +1.1B shares |
| 5 years | +30% | +1.2B shares |
| Available history | +19% | +834M shares |
INTC has 5.3B diluted shares, up 17% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | $114M |
| Q1 2021 | $2.3B |
SAP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -10M shares |
| 1 year | -1.3% | -14.9M shares |
| 3 years | -1.9% | -22M shares |
| 5 years | -1.9% | -22M shares |
| Available history | -3% | -36M shares |
SAP has the edge over INTC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $356.6M |
| Q1 2026 | $2.5B |
| Q4 2025 | — |
| Q3 2025 | $337.7M |
| Q2 2025 | $1.7B |
| Q1 2025 | $138.9M |
| Q4 2024 | $534.3M |
| Q3 2024 | $722.1M |
SAP spent $3.2B buying back its own shares over the past year, up 5.1% from the year before.
INTC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.0x | Healthy |
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 3.9x | Elevated |
| Q4 2025 | 3.4x | Elevated |
| Q3 2025 | 4.0x | Elevated |
| Q1 2025 | 69.6x | High |
| Q3 2024 | 23.8x | High |
| Q2 2024 | 4.3x | High |
INTC's net debt is about 2.0 years of its operating earnings (EBITDA), down from 4.0 years a year ago.
SAP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -0.8x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | -1.1x | Net Cash |
| Q4 2024 | 0.2x | Very low |
| Q3 2024 | -1.5x | Net Cash |
SAP has the edge over INTC on leverage, with a lower net debt burden relative to earnings.
INTC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.1 | Neutral |
| Stochastic | 7.7 | Oversold |
INTC's weekly RSI is 38 (neutral) and its Stochastic is 8 (oversold).
SAP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.4 | Neutral |
| Stochastic | 81.0 | Overbought |
SAP's weekly RSI is 65 (neutral) and its Stochastic is 81 (overbought).
INTC PE vs Technology Sector
| Metric | INTC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
INTC has no meaningful PE right now: it lost money over the past year.
SAP PE vs Technology Sector
| Metric | SAP | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 28x | 11% above |
| PE % | 43 | 35 | 8 pts above |
SAP is trading at 31x earnings, a 11% premium to the Technology sector's median of 28x, though its earnings don't support one.
INTC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $88.4 | 31% below |
| 20 week MA | $95.3 | 36% below |
| 50 week MA | $79.3 | 23% below |
| 100 week MA | $52.1 | 18% above |
| 200 week MA | $42.5 | 44% above |
INTC has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 44% above its 200-week average.
SAP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $224.9 | 4.1% above |
| 20 week MA | $205.4 | 14% above |
| 50 week MA | $200.1 | 17% above |
| 100 week MA | $237.1 | 1.3% below |
| 200 week MA | $202.8 | 15% above |
SAP has the edge over INTC on trend strength, trading above more of its moving averages.
INTC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $60.1 | $47.1 | -22% |
| 2021 | $47.1 | $51.3 | +9% |
| 2022 | $51.3 | $26.1 | -49% |
| 2023 | $26.1 | $50.3 | +93% |
| 2024 | $50.3 | $20.3 | -60% |
| 2025 | $20.3 | $36.2 | +78% |
| 2026 YTD | $36.2 | $61.2 | +69% |
INTC has the edge over SAP on returns for 2026, with the stronger performance.
SAP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $135.0 | $126.1 | -6.6% |
| 2021 | $126.1 | $140.1 | +11% |
| 2022 | $140.1 | $103.5 | -26% |
| 2023 | $103.5 | $154.6 | +49% |
| 2024 | $154.6 | $250.2 | +62% |
| 2025 | $250.2 | $246.6 | -1.4% |
| 2026 YTD | $246.6 | $234.1 | -5.1% |
SAP has finished lower in three of the last six years. It's down 5.1% so far in 2026.