Intel Corp. (NASDAQ:INTC)

The financial data reveals a declining trend in net revenue over the five-year period, decreasing from 77,867 million USD in 2020 to 53,101 million USD in 2024. This contraction is quite pronounced, with the most significant drops occurring after 2021. Cost of sales, however, fluctuate within a narrower range but increase notably in 2024, reaching 35,756 million USD.

Gross margin correspondingly shrinks substantially from 43,612 million USD in 2020 to 17,345 million USD in 2024, underscoring the impact of declining revenues and cost dynamics on profitability. Research and development expenses show an overall upward trend, peaking at 17,528 million USD in 2022 before slightly decreasing but stabilizing at a higher level than in 2020. Marketing, general and administrative expenses moderately decline in 2023 and 2024 following increases in prior years.

Restructuring and other charges exhibit high volatility, with a significant spike in 2024 to -6,970 million USD after small or negligible amounts in earlier years, suggesting possible restructuring activities or unusual expenses affecting that fiscal year. Operating expenses mirror these patterns, with a peak in 2024, reflecting the combined effect of increased restructuring charges and other operating costs.

Operating income sharply decreases from 23,678 million USD in 2020 to a loss of 11,678 million USD in 2024, indicating considerable operational challenges. The interim years show a steep decline, with minimal positive figures in 2023, pointing toward deteriorating operational profitability.

Unrealized losses on marketable equity investments fluctuate but generally remain negative, while unrealized gains on non-marketable equity investments diminish significantly after 2021. Net unrealized gains and losses on equity investments show a net loss position by 2024, suggesting unfavorable valuation movements of equity holdings during the period.

Realized gains on sales of equity investments vary, with a peak in 2022 and a decrease afterward but still positive gains overall. Gains on equity investments net follow a similar pattern, indicating some offset to unrealized losses through realized gains. Interest income shows a remarkable increase in 2023 before slightly declining in 2024, whereas interest expense rises steadily since 2022, contributing to narrowing net income.

Other income and expenses remain inconsistent, with a large positive anomaly in 2022, reflecting potential one-time items affecting that year’s financials. The combined interest and other net results decline significantly after 2022, contributing pressure on overall profitability.

Income before taxes tracks a downward trajectory, turning negative in 2024 at -11,210 million USD after marked reductions since 2020. Tax benefit and provision figures fluctuate, with a major tax provision reported in 2024, further exacerbating net loss.

Net income trends downward sharply, moving from positive 20,899 million USD in 2020 to a substantial loss of 19,233 million USD in 2024, reflecting the cumulative effect of declining margins, increased expenses, restructuring costs, and tax impacts. The net income attributable to the company similarly follows this trend, confirming overall negative performance in the most recent period.

Non-controlling interests in net income show minimal impact in early years but rise to a positive contribution in 2024, partially offsetting losses attributable to the parent entity.

Overall, the data reflect a clear pattern of declining revenue and profitability, increased operating expenses driven by restructuring and other charges, and deteriorating investment-related income, culminating in a significant net loss in the most recent year under review.