Amazon vs Intel stock: the numbers side by side (October 2026)
How do Amazon and Intel compare?
| Amazon AMZN | Intel INTC | |
|---|---|---|
| Revenue growth | 12.4%2025 | -0.5%2025 |
| Operating margin | 11.2%2025 | -4.2%2025 |
| Free cash flow | 7,695US$ millions · 2025 | -4,949US$ millions · 2025 |
| Free cash flow yield | 0.3%Today (Oct 29, 2026) | -1.0%Today (Oct 29, 2026) |
| Dividend yield | 0.0%Today (Oct 29, 2026) | 0.0%Today (Oct 29, 2026) |
| P/E, last 12 months | 19.6xToday (Oct 29, 2026) | not meaningfulToday (Oct 29, 2026) |
| P/E, next 12 months | 22.8xToday (Oct 29, 2026) | 41.6xToday (Oct 29, 2026) |
| Weighted price forecast, about 1 year | 316.00 (+30 %)October 2027 | 91.05 (-1 %)October 2027 |
| Weighted price forecast, about 3 years | 459.69 (+89 %)October 2029 | 90.33 (-2 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Amazon | The higher figure |
| Operating margin | Amazon | The higher figure |
| Free cash flow | Amazon | The higher figure |
| Free cash flow yield | Amazon | The higher figure |
| Dividend yield | — | The higher figure |
| P/E, last 12 months | — | The lower figure |
| P/E, next 12 months | Amazon | The lower figure |
| Weighted price forecast, about 1 year | Amazon | The higher weighted return |
| Weighted price forecast, about 3 years | Amazon | The higher weighted return |
What does each company do?
Amazon sells goods online and in physical stores, connects independent sellers with shoppers, sells advertising and subscriptions, and rents cloud computing to organizations through Amazon Web Services (AWS).
Amazon (AMZN), from our memo of October 29, 2026 · Amazon stock forecast
Intel designs and sells processors—the main chips that carry out computer instructions—for PC makers, cloud providers, enterprises, and automakers.
Intel (INTC), from our memo of October 29, 2026 · Intel stock forecast
How big are Amazon and Intel?
Amazon’s revenue was US$200,606 million in the quarter to June 2026; Intel’s was US$16,513 million in the quarter to September 2026. The market valued Amazon at US$2,629,595.39 million on October 29, 2026 and Intel at US$488,891.70 million on October 29, 2026.
How fast are Amazon and Intel growing, and what did their latest results show?
Revenue at Amazon grew 12.4% in 2025, and revenue at Intel fell 0.5% in 2025.
Operating income rose to $28.1 billion from $17.422 billion. Net income fell to $20.7 billion from $21.187 billion because the earlier comparison included a $9.5 billion pretax Anthropic investment gain. Operating profit and net profit consequently moved in opposite directions.
Amazon (AMZN), from our memo of October 29, 2026 · Amazon earnings
Operating performance improved across the quarter’s main measures. Gross margin, operating income and cash generation all moved in the right direction, as the quarterly table shows. That combination matters more than a single sales increase because it suggests better product mix, factory execution or cost absorption.
Intel (INTC), from our memo of October 29, 2026 · Intel earnings
How much cash do Amazon and Intel generate, and where does it go?
Amazon’s free cash flow was US$7,695 million in 2025; Intel’s was −US$4,949 million in 2025. At Amazon, the dividend yield was 0.0% on October 29, 2026; at Intel, it was 0.0% on October 29, 2026.
A stricter calculation subtracts stock pay as an economic cost. On that basis, 2025 real free cash flow was negative $7.4 billion. Intel’s own adjusted free cash flow was negative $1.6 billion because it includes items such as government incentives and factory-partner contributions. Those sources help fund construction, but they can carry ownership or future-distribution claims. Cash generation is therefore the bridge between better products and a financeable factory plan.
Intel (INTC), from our memo of October 29, 2026 · Intel stock forecast
What does an investor pay for Amazon and Intel today?
Amazon traded at 22.8x the next 12 months’ earnings on October 29, 2026; Intel traded at 41.6x the next 12 months’ earnings on October 29, 2026. Amazon’s free cash flow yield was 0.3% on October 29, 2026; Intel’s was -1.0% on October 29, 2026.
At the October 29, 2026 close, one Intel share cost $92.07, valuing all the company’s shares at about $488.9 billion. Enterprise value is a rough price for the operating business: shareholder value plus financing claims, minus cash. Intel’s enterprise value was $485.0 billion.
Intel (INTC), from our memo of October 29, 2026 · Intel stock forecast