Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

Income Statement
Quarterly Data

Intel Corp., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Net revenue 15,406 14,158 12,949 11,715 14,042 15,338 15,321 18,353 20,528 19,192 19,631 19,673 19,978 18,333 19,728 19,828 20,209 19,190 16,505 16,061
Cost of sales (8,359) (8,140) (8,311) (7,707) (8,542) (8,803) (9,734) (9,109) (9,519) (8,446) (8,425) (8,819) (8,630) (8,592) (9,221) (7,812) (8,331) (7,895) (6,627) (6,972)
Gross margin 7,047 6,018 4,638 4,008 5,500 6,535 5,587 9,244 11,009 10,746 11,206 10,854 11,348 9,741 10,507 12,016 11,878 11,295 9,878 9,089
Research and development (3,987) (3,870) (4,080) (4,109) (4,464) (4,302) (4,400) (4,362) (4,049) (3,803) (3,715) (3,623) (3,655) (3,272) (3,354) (3,275) (3,384) (3,208) (3,438) (3,332)
Marketing, general, and administrative (1,617) (1,340) (1,374) (1,303) (1,706) (1,744) (1,800) (1,752) (1,942) (1,674) (1,599) (1,328) (1,757) (1,435) (1,447) (1,541) (1,592) (1,536) (1,639) (1,583)
Restructuring and other charges 1,142 (816) (200) (64) (462) (664) (87) 1,211 (29) (42) (346) (2,209) (52) 25 (9) (162) (105) (104) (184)
Operating expenses (4,462) (6,026) (5,654) (5,476) (6,632) (6,710) (6,287) (4,903) (6,020) (5,519) (5,660) (7,160) (5,464) (4,682) (4,810) (4,978) (5,081) (4,848) (5,261) (4,915)
Operating income (loss) 2,585 (8) (1,016) (1,468) (1,132) (175) (700) 4,341 4,989 5,227 5,546 3,694 5,884 5,059 5,697 7,038 6,797 6,447 4,617 4,174
Gains (losses) on equity investments, net 86 (191) (24) 169 186 (151) (90) 4,323 359 1,707 295 368 1,692 56 267 (111) 617 318 170 434
Interest and other, net 117 147 224 141 150 138 (119) 997 (154) (76) (96) (156) (88) (74) (29) (313) 654 (46) (63) (61)
Income (loss) before taxes 2,788 (52) (816) (1,158) (796) (188) (909) 9,661 5,194 6,858 5,745 3,906 7,488 5,041 5,935 6,614 8,068 6,719 4,724 4,547
(Provision for) benefit from taxes (128) 362 2,289 (1,610) 135 1,207 455 (1,548) (571) (35) (684) (545) (1,631) (765) (830) (953) (1,163) (729) (545) (573)
Net income (loss) 2,660 310 1,473 (2,768) (661) 1,019 (454) 8,113 4,623 6,823 5,061 3,361 5,857 4,276 5,105 5,661 6,905 5,990 4,179 3,974
Net (income) loss attributable to non-controlling interests 9 (13) 8 10 (3)
Net income (loss) attributable to Intel 2,669 297 1,481 (2,758) (664) 1,019 (454) 8,113 4,623 6,823 5,061 3,361 5,857 4,276 5,105 5,661 6,905 5,990 4,179 3,974

Based on: 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

Income statement item Description The company
Net revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Intel Corp. net revenue increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Intel Corp. operating income (loss) increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Income (loss) before taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Intel Corp. income (loss) before taxes increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Net income (loss) attributable to Intel The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Intel Corp. net income (loss) attributable to Intel decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.