Intel Corp. (INTC) 10-K Red Flags
Risk signals extracted deterministically from Intel Corp.’s SEC 10-K/10-Q XBRL filings — no LLM, every finding cites the underlying data.
Detected red flags (18)
- Receivables outpacing revenue: Accounts receivable grew +2.2% YoY vs revenue growth of -14.0%. The +16.2% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Inventory buildup exceeds sales growth: Inventory grew +9.6% vs revenue -14.0%. Excess inventory may signal weakening demand, potential write-downs, or supply chain overcommitment. Watch gross margin for discounting impact.
- Gross margin compression: Gross margin contracted +2.6%pp (from 42.6% to 40.0%). This may reflect input cost inflation, pricing pressure, or product mix shift toward lower-margin segments.
- Interest coverage deteriorating below 3x: Interest coverage fell from 3.71x to 0.16x. Operating income of $93.0M covers interest of $597.0M only 0.16x — approaching the threshold where debt service becomes constrained. Monitor for covenant breaches.
- NEW: Going concern doubt in latest filing: The term "going concern" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 5 filing(s).
- Material weakness in internal controls: The term "material weakness" appears in 26 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Endogenous analysis: Revenue grew -14.0% but receivables grew +2.2% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Endogenous analysis: Inventory accumulation alongside margin compression is a classic demand-softening signal: excess inventory typically leads to discounting, which compresses margins further. Monitor for clearance events, write-downs, or guidance revisions.
- 2 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 1 new risk-language term(s) detected in filing text: Going concern doubt.
- Ongoing high-severity risk language: Material weakness in internal controls, Restatement of financial statements.
- Revenue declined **+14.0%** YoY to $54.23B.
- Net margin at **3.11%** (contracting ▼).
- Market cap $604.88B at $120.35 per share.
- Trailing P/E 300.87, P/S 11.15, P/B 5.43.
- Receivables outpacing revenue: Accounts receivable grew +2.2% YoY vs revenue growth of -14.0%. The +16.2% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Inventory buildup exceeds sales growth: Inventory grew +9.6% vs revenue -14.0%. Excess inventory may signal weakening demand, potential write-downs, or supply chain overcommitment. Watch gross margin for discounting impact.
Filings & ownership
- Latest annual report (10-K) filed Jan 23, 2026.
- Latest quarterly report (10-Q) filed Apr 24, 2026.
- 23 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 1 sell transactions — net selling $2.5M.
- ~10,000+ recent 13F-HR filings reference Intel Corp.; broad institutional reporting.
- Recent filers include Botty Investors LLC, LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS /MA, LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS /MA.
- 2 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 18 recent 13G passive institutional ownership notices.
Full INTC analyst report
Valuation (DCF & Graham), technicals, macro exposure, risk scorecard and 13F/13D ownership.
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