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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- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
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Intel Corp., consolidated income statement (quarterly data)
US$ in millions
Based on: 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 trends indicate a sustained period of contraction and volatility. Quarterly net revenue peaked in 2021 at approximately $20.5 billion before entering a downward trajectory that reached a low of $11.7 billion in April 2023. Although a partial recovery was observed during 2023, reaching $15.4 billion by December, the subsequent period from 2024 through early 2026 shows revenue stagnating within a range of $12.6 billion to $14.2 billion, failing to return to 2021 levels.
- Gross Profitability and Margin Compression
- Gross profit experienced a significant decline, falling from peaks of over $11 billion in 2021 to a volatile range between $3.5 billion and $7 billion in later periods. A critical compression occurred in September 2024, where gross profit dropped to $1.99 billion, driven by a spike in cost of sales to $11.28 billion. This indicates an increasing difficulty in maintaining margins relative to revenue.
- Operating Expense Analysis
- Research and development spending remained relatively stable, gradually decreasing from approximately $4 billion per quarter to $3.3 billion by early 2026. Marketing, general, and administrative expenses also followed a general downward trend. However, restructuring and other charges introduced extreme volatility into the operating structure, with massive outflows of $5.62 billion in September 2024 and $4.07 billion in March 2026.
- Operating Income Stability
- The operating profile transitioned from consistent profitability in 2021 to chronic instability. Operating income shifted from quarterly gains of $3.6 billion to $5.5 billion in early 2021 to recurring losses, most notably a deficit of $9.05 billion in September 2024. While brief periods of operating profit reappeared in 2025, the trend remains erratic and susceptible to large restructuring hits.
- Net Income and Bottom-Line Volatility
- Net income attributable to the company is characterized by extreme swings. Strong performances in early 2022, including a peak of $8.11 billion in April, were followed by severe losses. The most significant impact occurred in September 2024 with a net loss of $16.63 billion. Despite a recovery to $4.06 billion in September 2025, the period concluded with a net loss of $3.72 billion in March 2026, reflecting a high degree of earnings instability.
Overall, the financial trajectory is defined by eroding top-line revenue and a shift toward operating instability. The recurring impact of heavy restructuring charges and fluctuating cost of sales has neutralized operational gains, leading to highly inconsistent net income results over the observed period.