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.
Paying user area
Try for free
Intel Corp. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Current Ratio since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Intel Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Intel Corp., consolidated income statement (quarterly data)
US$ in millions
Based on: 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), 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).
- Revenue Trends
- Net revenue shows a pattern of fluctuation over the observed quarters with notable peaks and troughs. Revenue reached a high around the end of 2021, followed by a declining trend into early 2023, dropping to approximately half the previous peak. However, there is a moderate recovery in late 2023 and early 2024, showing a somewhat cyclical nature in revenue generation.
- Cost of Sales
- Cost of sales follows a somewhat similar pattern to revenue but with less pronounced volatility. It tends to be higher in quarters with elevated revenue but exhibits significant spikes in certain periods, notably in Q3 2024 where costs sharply increased, indicating possibly higher production costs or other operational inefficiencies during that period.
- Profitability: Gross Profit and Operating Income
- Gross profit mirrors the volatility seen in revenue and cost of sales, peaking during high revenue quarters and diminishing considerably when revenue declines. The gross profit margin appears to compress significantly in some quarters, especially mid-2022 to mid-2023, indicating margin pressures possibly due to increased costs or pricing challenges.
- Operating income also exhibits considerable fluctuation, with strong positive results in early quarters, deteriorating sharply to negative figures in mid-2022 and again in 2024. The presence of negative operating income for extended periods suggests operational challenges affecting profitability, although there are some quarters with moderate operating income recovery, reflecting sporadic improvement in operational efficiency or cost management.
- Operating Expenses
- Operating expenses remain relatively stable but exhibit some volatility. Research and development (R&D) expenses consistently remain high, indicating sustained investment in innovation and product development. Marketing, general, and administrative expenses are more variable but generally stable, with occasional decreases aligning with lower revenue periods.
- Restructuring and other charges demonstrate high volatility with significant charges in some quarters, particularly in early 2021 and late 2023, including some positive adjustments, indicative of ongoing restructuring activities, impairment charges, or one-time gains/losses affecting operational costs and income.
- Investment and Financing Activities
- Gains or losses on equity investments show fluctuations with certain periods of substantial gains, particularly around early 2022, and intermittent losses suggesting variability in investment performance or valuation adjustments.
- Interest and other net figures are relatively minor but show positive spikes in certain quarters, possibly reflecting non-operational financial income or unusual items.
- Income before Taxes and Tax Provision
- Income before taxes generally follows operating income trends but with amplified volatility due to gains/losses on investments and interest components. Sharp drops to negative territory are observed in mid-2022 and throughout 2024, consistent with operational challenges and negative operating income.
- Tax provisions are similarly volatile, occasionally showing benefits rather than charges, linked to fluctuations in pre-tax income and possibly tax credits or deferred tax adjustments.
- Net Income Performance
- Net income trends closely align with operating and pre-tax income with strong positive results in early periods turning into losses in mid-2022 and again significantly negative in 2024. The swings suggest periods of financial stress or restructuring impacts. Notably, recovery phases with positive net income reappear sporadically, indicating some resilience.
- Non-controlling interests contribute a minor but sometimes significant adjustment to the consolidated net income, showing small income or losses affecting balance attributed specifically to Intel.