Analysis of Reportable Segments
Intel Corp. operates in 6 segments: Client Computing Group (CCG); Data Center and AI (DCAI); Network and Edge (NEX); Mobileye; Accelerated Computing Systems and Graphics (AXG); and Intel Foundry Services (IFS).
Segment Profit Margin
Intel Corp., profit margin by reportable segment
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Client Computing Group (CCG) | 22.28% | 19.76% | 38.24% | 38.98% | — |
| Data Center and AI (DCAI) | -3.41% | 11.92% | 37.19% | 47.31% | — |
| Network and Edge (NEX) | -8.35% | 8.34% | 21.45% | 11.86% | — |
| Mobileye | 31.94% | 36.92% | 39.97% | 33.40% | — |
| Accelerated Computing Systems and Graphics (AXG) | — | -205.02% | -155.94% | -61.90% | — |
| Intel Foundry Services (IFS) | -50.63% | -35.75% | -2.93% | 6.29% | — |
Based on: 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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Client Computing Group (CCG) | Client Computing Group (CCG) segment profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Data Center and AI (DCAI) | Data Center and AI (DCAI) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Network and Edge (NEX) | Network and Edge (NEX) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Mobileye | Mobileye segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Accelerated Computing Systems and Graphics (AXG) | Accelerated Computing Systems and Graphics (AXG) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Intel Foundry Services (IFS) | Intel Foundry Services (IFS) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Client Computing Group (CCG)
Intel Corp.; Client Computing Group (CCG); segment profit margin calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 6,520) | 6,266) | 15,704) | 15,800) | —) |
| Net revenue | 29,258) | 31,708) | 41,067) | 40,535) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 22.28% | 19.76% | 38.24% | 38.98% | — |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Net revenue
= 100 × 6,520 ÷ 29,258 = 22.28%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Client Computing Group (CCG) | Client Computing Group (CCG) segment profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment Profit Margin: Data Center and AI (DCAI)
Intel Corp.; Data Center and AI (DCAI); segment profit margin calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | (530) | 2,288) | 8,439) | 11,076) | —) |
| Net revenue | 15,521) | 19,196) | 22,691) | 23,413) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -3.41% | 11.92% | 37.19% | 47.31% | — |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Net revenue
= 100 × -530 ÷ 15,521 = -3.41%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Data Center and AI (DCAI) | Data Center and AI (DCAI) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Network and Edge (NEX)
Intel Corp.; Network and Edge (NEX); segment profit margin calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | (482) | 740) | 1,711) | 846) | —) |
| Net revenue | 5,774) | 8,873) | 7,976) | 7,132) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -8.35% | 8.34% | 21.45% | 11.86% | — |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Net revenue
= 100 × -482 ÷ 5,774 = -8.35%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Network and Edge (NEX) | Network and Edge (NEX) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Mobileye
Intel Corp.; Mobileye; segment profit margin calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | 664) | 690) | 554) | 323) | —) |
| Net revenue | 2,079) | 1,869) | 1,386) | 967) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 31.94% | 36.92% | 39.97% | 33.40% | — |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Net revenue
= 100 × 664 ÷ 2,079 = 31.94%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Mobileye | Mobileye segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Accelerated Computing Systems and Graphics (AXG)
Intel Corp.; Accelerated Computing Systems and Graphics (AXG); segment profit margin calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | —) | (1,716) | (1,207) | (403) | —) |
| Net revenue | —) | 837) | 774) | 651) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | — | -205.02% | -155.94% | -61.90% | — |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Net revenue
= 100 × 0 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Accelerated Computing Systems and Graphics (AXG) | Accelerated Computing Systems and Graphics (AXG) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Intel Foundry Services (IFS)
Intel Corp.; Intel Foundry Services (IFS); segment profit margin calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Operating income (loss) | (482) | (320) | (23) | 45) | —) |
| Net revenue | 952) | 895) | 786) | 715) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -50.63% | -35.75% | -2.93% | 6.29% | — |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Net revenue
= 100 × -482 ÷ 952 = -50.63%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Intel Foundry Services (IFS) | Intel Foundry Services (IFS) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Net revenue
Intel Corp., net revenue by reportable segment
US$ in millions
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Client Computing Group (CCG) | 29,258) | 31,708) | 41,067) | 40,535) | —) |
| Data Center and AI (DCAI) | 15,521) | 19,196) | 22,691) | 23,413) | —) |
| Network and Edge (NEX) | 5,774) | 8,873) | 7,976) | 7,132) | —) |
| Mobileye | 2,079) | 1,869) | 1,386) | 967) | —) |
| Accelerated Computing Systems and Graphics (AXG) | —) | 837) | 774) | 651) | —) |
| Intel Foundry Services (IFS) | 952) | 895) | 786) | 715) | —) |
| All other | 644) | 196) | 5,019) | 5,091) | —) |
| Total | 54,228) | 63,574) | 79,699) | 78,504) | —) |
Based on: 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).
Operating income (loss)
Intel Corp., operating income (loss) by reportable segment
US$ in millions
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Client Computing Group (CCG) | 6,520) | 6,266) | 15,704) | 15,800) | —) |
| Data Center and AI (DCAI) | (530) | 2,288) | 8,439) | 11,076) | —) |
| Network and Edge (NEX) | (482) | 740) | 1,711) | 846) | —) |
| Mobileye | 664) | 690) | 554) | 323) | —) |
| Accelerated Computing Systems and Graphics (AXG) | —) | (1,716) | (1,207) | (403) | —) |
| Intel Foundry Services (IFS) | (482) | (320) | (23) | 45) | —) |
| All other | (5,597) | (5,614) | (5,722) | (4,009) | —) |
| Total | 93) | 2,334) | 19,456) | 23,678) | —) |
Based on: 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).