Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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- Statement of Comprehensive Income
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
- Analysis of Debt
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Intel Corp., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 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).
Revenue trajectory indicates a period of significant contraction followed by erratic stabilization. From early 2021 through early 2022, revenues remained robust, averaging approximately $19 billion per quarter. A sharp decline began in mid-2022, reaching a nadir of $11.7 billion in April 2023. While a partial recovery was observed toward the end of 2023 and through 2025, the topline remained well below 2021 peaks until a notable uptick to $16.1 billion in June 2026.
- Gross Profitability and Margin Erosion
- Gross profit margins have experienced substantial deterioration. During 2021, gross profits consistently exceeded $10 billion per quarter. A marked decline followed, with profit figures dropping significantly, reaching a low of $1.99 billion in September 2024. This trend reflects an increase in the cost of sales relative to revenue, suggesting compressed margins and potential headwinds in production efficiency or pricing power.
- Operating Expense Volatility
- Operating expenses have been characterized by extreme volatility, primarily driven by periodic restructuring charges. While Research and Development (R&D) and Marketing, General, and Administrative (MG&A) expenses have remained relatively stable or showed slight downward trends, restructuring charges created massive spikes. Significant impacts are observed in September 2024 (-$5.62 billion) and March 2026 (-$4.07 billion), which directly correlate with deep operating losses in those quarters.
- Operating Income Trends
- A transition from a high-margin operating environment to one characterized by intermittent losses is evident. Operating income was consistently positive throughout 2021, but subsequent years show a pattern of cyclical instability. Despite brief returns to profitability in late 2023 and portions of 2025, the recurring nature of restructuring costs has prevented a sustained recovery to historical operating income levels.
- Net Income and Non-Operating Impacts
- Bottom-line performance has shifted from steady profitability in 2021 to extreme instability. The company recorded severe net losses attributable to Intel in September 2024 (-$16.6 billion) and June 2026 (-$11.0 billion). The loss in June 2026 was specifically exacerbated by a substantial negative entry in interest and other net expenses, totaling -$12.57 billion, which fundamentally eclipsed the operating results for that period.