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.

Intel Corp., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Sep 28, 2024	Jun 29, 2024	Mar 30, 2024	Dec 30, 2023	Sep 30, 2023	Jul 1, 2023	Apr 1, 2023	Dec 31, 2022	Oct 1, 2022	Jul 2, 2022	Apr 2, 2022	Dec 25, 2021	Sep 25, 2021	Jun 26, 2021	Mar 27, 2021	Dec 26, 2020	Sep 26, 2020	Jun 27, 2020	Mar 28, 2020	Dec 28, 2019	Sep 28, 2019	Jun 29, 2019	Mar 30, 2019
Net revenue	13,284)	12,833)	12,724)	15,406)	14,158)	12,949)	11,715)	14,042)	15,338)	15,321)	18,353)	20,528)	19,192)	19,631)	19,673)	19,978)	18,333)	19,728)	19,828)	20,209)	19,190)	16,505)	16,061)
Cost of sales	(11,287)	(8,286)	(7,507)	(8,359)	(8,140)	(8,311)	(7,707)	(8,542)	(8,803)	(9,734)	(9,109)	(9,519)	(8,446)	(8,425)	(8,819)	(8,630)	(8,592)	(9,221)	(7,812)	(8,331)	(7,895)	(6,627)	(6,972)
Gross margin	1,997)	4,547)	5,217)	7,047)	6,018)	4,638)	4,008)	5,500)	6,535)	5,587)	9,244)	11,009)	10,746)	11,206)	10,854)	11,348)	9,741)	10,507)	12,016)	11,878)	11,295)	9,878)	9,089)
Research and development	(4,049)	(4,239)	(4,382)	(3,987)	(3,870)	(4,080)	(4,109)	(4,464)	(4,302)	(4,400)	(4,362)	(4,049)	(3,803)	(3,715)	(3,623)	(3,655)	(3,272)	(3,354)	(3,275)	(3,384)	(3,208)	(3,438)	(3,332)
Marketing, general, and administrative	(1,383)	(1,329)	(1,556)	(1,617)	(1,340)	(1,374)	(1,303)	(1,706)	(1,744)	(1,800)	(1,752)	(1,942)	(1,674)	(1,599)	(1,328)	(1,757)	(1,435)	(1,447)	(1,541)	(1,592)	(1,536)	(1,639)	(1,583)
Restructuring and other charges	(5,622)	(943)	(348)	1,142)	(816)	(200)	(64)	(462)	(664)	(87)	1,211)	(29)	(42)	(346)	(2,209)	(52)	25)	(9)	(162)	(105)	(104)	(184)	—)
Operating expenses	(11,054)	(6,511)	(6,286)	(4,462)	(6,026)	(5,654)	(5,476)	(6,632)	(6,710)	(6,287)	(4,903)	(6,020)	(5,519)	(5,660)	(7,160)	(5,464)	(4,682)	(4,810)	(4,978)	(5,081)	(4,848)	(5,261)	(4,915)
Operating income (loss)	(9,057)	(1,964)	(1,069)	2,585)	(8)	(1,016)	(1,468)	(1,132)	(175)	(700)	4,341)	4,989)	5,227)	5,546)	3,694)	5,884)	5,059)	5,697)	7,038)	6,797)	6,447)	4,617)	4,174)
Gains (losses) on equity investments, net	(159)	(120)	205)	86)	(191)	(24)	169)	186)	(151)	(90)	4,323)	359)	1,707)	295)	368)	1,692)	56)	267)	(111)	617)	318)	170)	434)
Interest and other, net	130)	80)	145)	117)	147)	224)	141)	150)	138)	(119)	997)	(154)	(76)	(96)	(156)	(88)	(74)	(29)	(313)	654)	(46)	(63)	(61)
Income (loss) before taxes	(9,086)	(2,004)	(719)	2,788)	(52)	(816)	(1,158)	(796)	(188)	(909)	9,661)	5,194)	6,858)	5,745)	3,906)	7,488)	5,041)	5,935)	6,614)	8,068)	6,719)	4,724)	4,547)
(Provision for) benefit from taxes	(7,903)	350)	282)	(128)	362)	2,289)	(1,610)	135)	1,207)	455)	(1,548)	(571)	(35)	(684)	(545)	(1,631)	(765)	(830)	(953)	(1,163)	(729)	(545)	(573)
Net income (loss)	(16,989)	(1,654)	(437)	2,660)	310)	1,473)	(2,768)	(661)	1,019)	(454)	8,113)	4,623)	6,823)	5,061)	3,361)	5,857)	4,276)	5,105)	5,661)	6,905)	5,990)	4,179)	3,974)
Net (income) loss attributable to non-controlling interests	350)	44)	56)	9)	(13)	8)	10)	(3)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Net income (loss) attributable to Intel	(16,639)	(1,610)	(381)	2,669)	297)	1,481)	(2,758)	(664)	1,019)	(454)	8,113)	4,623)	6,823)	5,061)	3,361)	5,857)	4,276)	5,105)	5,661)	6,905)	5,990)	4,179)	3,974)

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Income statement item	Description	The company
Net revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Intel Corp. net revenue increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Intel Corp. operating income (loss) decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income (loss) before taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Intel Corp. income (loss) before taxes decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net income (loss) attributable to Intel	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Intel Corp. net income (loss) attributable to Intel decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Intel Corp. (NASDAQ:INTC)

Income StatementQuarterly Data

Income Statement
Quarterly Data