Operating Profit Margin
since 2005
Calculation
Intel Corp., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income (loss)1 | ÷ | Net revenue1 | |
|---|---|---|---|---|---|---|---|
| Dec 27, 2025 | -4.19% | = | 100 | × | (2,214) | ÷ | 52,853) |
| Dec 28, 2024 | -21.99% | = | 100 | × | (11,678) | ÷ | 53,101) |
| Dec 30, 2023 | 0.17% | = | 100 | × | 93) | ÷ | 54,228) |
| Dec 31, 2022 | 3.70% | = | 100 | × | 2,334) | ÷ | 63,054) |
| Dec 25, 2021 | 24.62% | = | 100 | × | 19,456) | ÷ | 79,024) |
| Dec 26, 2020 | 30.41% | = | 100 | × | 23,678) | ÷ | 77,867) |
| Dec 28, 2019 | 30.62% | = | 100 | × | 22,035) | ÷ | 71,965) |
| Dec 29, 2018 | 32.91% | = | 100 | × | 23,316) | ÷ | 70,848) |
| Dec 30, 2017 | 28.58% | = | 100 | × | 17,936) | ÷ | 62,761) |
| Dec 31, 2016 | 21.68% | = | 100 | × | 12,874) | ÷ | 59,387) |
| Dec 26, 2015 | 25.29% | = | 100 | × | 14,002) | ÷ | 55,355) |
| Dec 27, 2014 | 27.47% | = | 100 | × | 15,347) | ÷ | 55,870) |
| Dec 28, 2013 | 23.32% | = | 100 | × | 12,291) | ÷ | 52,708) |
| Dec 29, 2012 | 27.44% | = | 100 | × | 14,638) | ÷ | 53,341) |
| Dec 31, 2011 | 32.37% | = | 100 | × | 17,477) | ÷ | 53,999) |
| Dec 25, 2010 | 35.73% | = | 100 | × | 15,588) | ÷ | 43,623) |
| Dec 26, 2009 | 16.26% | = | 100 | × | 5,711) | ÷ | 35,127) |
| Dec 27, 2008 | 23.82% | = | 100 | × | 8,954) | ÷ | 37,586) |
| Dec 29, 2007 | 21.43% | = | 100 | × | 8,216) | ÷ | 38,334) |
| Dec 30, 2006 | 15.97% | = | 100 | × | 5,652) | ÷ | 35,382) |
| Dec 31, 2005 | 31.14% | = | 100 | × | 12,090) | ÷ | 38,826) |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The operating profit margin exhibited considerable fluctuation over the period from 2005 to 2025. Initially, a substantial decline in profitability is observed between 2005 and 2006, followed by a period of recovery and relative stability before another period of volatility. Recent years demonstrate a significant and concerning deterioration in operating profitability.
- Initial Period (2005-2006)
- A marked decrease in the operating profit margin occurred from 31.14% in 2005 to 15.97% in 2006. This represents a substantial reduction in profitability relative to revenue, suggesting increased costs or pricing pressures.
- Recovery and Stability (2006-2010)
- Following the decline, the operating profit margin generally improved, reaching a peak of 35.73% in 2010. This indicates successful cost management or increased pricing power during this timeframe. However, the margin remained below the 2005 level until 2010.
- Fluctuating Performance (2011-2019)
- The period between 2011 and 2019 shows a fluctuating pattern, with the operating profit margin oscillating between approximately 21% and 33%. While generally remaining positive, this period lacks a clear upward or downward trend, suggesting sensitivity to market conditions and internal factors. The highest margin within this period was 32.91% in 2018.
- Recent Deterioration (2020-2025)
- A significant and rapid decline in the operating profit margin is evident from 2020 onwards. From a level of 30.41% in 2020, the margin decreased to 3.70% in 2022, and then turned negative, reaching -21.99% in 2023 and -4.19% in 2025. This indicates a substantial loss in profitability and potential operational challenges. The operating income (loss) figures corroborate this trend, showing a large loss in 2023.
The overall trend suggests a company that experienced periods of strong profitability, followed by increasing instability and a recent, dramatic decline in operating performance. The negative operating profit margins in the latest years are particularly concerning and warrant further investigation.
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Comparison to Competitors
Intel Corp., operating profit margin, long-term trends, comparison to competitors
| Intel Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|
| Dec 27, 2025 | -4.19% | 10.66% | 26.61% | 29.22% | 39.89% | 32.01% | 26.14% | 62.42% | 27.90% | 34.06% |
| Dec 28, 2024 | -21.99% | 7.37% | 21.56% | 28.95% | 26.10% | 28.61% | 5.19% | 54.12% | 25.85% | 34.94% |
| Dec 30, 2023 | 0.17% | 1.77% | 31.07% | 28.86% | 45.25% | 29.69% | -36.97% | 15.66% | 21.74% | 41.85% |
| Dec 31, 2022 | 3.70% | 5.36% | 27.29% | 30.20% | 42.84% | 31.24% | 31.54% | 37.31% | 35.88% | 50.63% |
| Dec 25, 2021 | 24.62% | 22.20% | 23.12% | 29.87% | 31.03% | 30.64% | 22.68% | 27.18% | 29.16% | 48.84% |
| Dec 26, 2020 | 30.41% | 14.02% | 26.74% | 25.37% | 16.80% | 26.62% | 14.01% | 26.07% | 26.58% | 40.76% |
| Dec 28, 2019 | 30.62% | 9.37% | 28.55% | 22.93% | 15.24% | 25.53% | 31.51% | 32.47% | 31.59% | 39.79% |
| Dec 29, 2018 | 32.91% | 6.97% | 30.35% | 27.80% | 24.63% | 29.01% | 49.34% | 33.05% | 3.26% | 42.53% |
| Dec 30, 2017 | 28.58% | 3.83% | 20.66% | 26.61% | 13.51% | 23.74% | 28.88% | 27.99% | 11.73% | 40.66% |
| Dec 31, 2016 | 21.68% | -8.71% | 30.05% | 19.88% | -3.09% | 18.25% | 1.35% | 14.91% | 27.57% | 35.89% |
| Dec 26, 2015 | 25.29% | -12.05% | 24.19% | 17.53% | 23.92% | 14.98% | 18.52% | 16.21% | 22.85% | 32.88% |
| Dec 27, 2014 | 27.47% | -2.82% | 26.27% | 16.75% | 10.26% | 14.71% | 18.87% | 12.01% | 28.50% | 30.26% |
| Dec 28, 2013 | 23.32% | 1.94% | 28.59% | 5.75% | 21.90% | 3.28% | 2.60% | 15.15% | 29.08% | 23.20% |
| Dec 29, 2012 | 27.44% | -19.48% | 30.51% | 4.71% | 24.62% | 8.92% | -7.51% | 16.22% | 29.72% | 15.38% |
| Dec 31, 2011 | 32.37% | 5.60% | 35.81% | 22.80% | 25.00% | 24.84% | 8.59% | 7.22% | 33.60% | 21.78% |
| Dec 25, 2010 | 35.73% | 13.06% | 32.59% | 14.49% | 22.26% | 19.94% | 18.73% | -2.97% | 29.87% | 32.32% |
| Dec 26, 2009 | 16.26% | 12.29% | 14.14% | -7.85% | 3.23% | -25.20% | -34.87% | -2.06% | 21.37% | 19.09% |
| Dec 27, 2008 | 23.82% | -33.66% | 24.20% | 16.67% | — | 20.58% | -27.31% | 20.41% | 33.48% | 19.49% |
| Dec 29, 2007 | 21.43% | -47.65% | 22.24% | 24.36% | — | 30.34% | -4.92% | 14.78% | 32.50% | 25.28% |
| Dec 30, 2006 | 15.97% | -0.83% | 21.44% | 22.04% | — | 24.74% | 6.64% | 14.32% | 35.74% | 23.62% |
| Dec 31, 2005 | 31.14% | 3.96% | 21.60% | 20.71% | — | 26.02% | 4.46% | 5.65% | 42.06% | 20.84% |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).