← INTC forward model

INTC · Forward model · All Other

What has to happen in All Other

Model as of

This page changes All Other inside the complete INTC model. Every other vertical, corporate programme and valuation assumption stays in the selected portfolio case.

INTC forward model
Horizon
Consolidated fair value $36.62 all other verticals held in this portfolio case
Final-quarter revenue $822M 4% of company revenue
Explicit segment contribution $2.78B EBITDA less segment capex, before corporate items

All Other

Basis quarter$701M
Final quarter$822M
Implied CAGR+3%
Final revenue mix4%

A residual bucket of unlike businesses rather than a business: Mobileye at $507M in 2026 Q2, IMS multi-beam mask writing tools, and start-ups. The line halved when Altera was deconsolidated on 12 September 2025, which is why the 2025 Q4 print of $574M sits so far below the $1,113M of 2024 Q4. The projection starts from the post-Altera base and grows with Mobileye, not with Intel.

Last four quarters
2025 Q3 $993M Reported
2025 Q4 $574M Reported
2026 Q1 $628M Reported
2026 Q2 $701M Reported
MobileyeIMS multi-beam mask writing toolsStart-up businessesAltera, consolidated through 11 September 2025
Sequential growth +0.8%/qtr decaying toward +0.8% +0.8% into 2026 Q3. Mobileye revenue was flat year over year at $507M; nothing here is compounding.
All Other

Latest: $822M (2031Q2E)

Period Value
2024Q1 $643M
2024Q2 $881M
2024Q3 $964M
2024Q4 $1.11B
2025Q1 $943M
2025Q2 $1.05B
2025Q3 $993M
2025Q4 $574M
2026Q1 $628M
2026Q2 $701M
2026Q3E $707M
2026Q4E $712M
2027Q1E $718M
2027Q2E $724M
2027Q3E $729M
2027Q4E $735M
2028Q1E $741M
2028Q2E $747M
2028Q3E $753M
2028Q4E $759M
2029Q1E $765M
2029Q2E $771M
2029Q3E $778M
2029Q4E $784M
2030Q1E $790M
2030Q2E $796M
2030Q3E $803M
2030Q4E $809M
2031Q1E $816M
2031Q2E $822M

Assumptions & reasoning

  • The 2025 Q4 fall is a structural break from the Altera deconsolidation, not a seasonal trough; any growth path has to start from the post-Altera base of $574M to $701M a quarter.
  • Mobileye is separately listed and consolidated, so this line carries a business whose product cycle Intel does not control and whose margins are cyclical.
  • The 32.8% EBITDA margin is the disclosed 33% segment operating margin ($230M on $701M) and glides down to an assumed 18%, because one quarter at 33% on a residual bucket is not a run rate.
INTC model map

Explore another vertical