INTEL CORPORATION (INTC) FY2024 Q1 P&L / Income Statement

INTEL CORPORATION (INTC) FY2024 Q1 P&L / Income Statement

Income statement for 2023-12-31 through 2024-03-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net revenue

12,724,000,000 US dollars

Cost of sales

7,507,000,000 US dollars

Gross margin

5,217,000,000 US dollars

Operating expenses

6,286,000,000 US dollars

Operating income (loss)

negative 1,069,000,000 US dollars

Other income (expense), net (calculated)

350,000,000 US dollars

Income (loss) before taxes

negative 719,000,000 US dollars

Provision for (benefit from) taxes

negative 282,000,000 US dollars

Net income (loss)

negative 437,000,000 US dollars

Altera

342,000,000 US dollars

Mobileye

239,000,000 US dollars

Other

194,000,000 US dollars

Client Computing

7,533,000,000 US dollars

Datacenter and AI

3,036,000,000 US dollars

Network and Edge

1,364,000,000 US dollars

Intel Foundry

4,369,000,000 US dollars

Research and development

4,382,000,000 US dollars

Marketing, general, and administrative

1,556,000,000 US dollars

Restructuring and other charges

348,000,000 US dollars

Revenue before reconciliation (calculated)

17,077,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Intersegment eliminations

negative 4,353,000,000 US dollars. Reported reconciliation to consolidated revenue.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
• Of which attributable to INTEL CORPORATION: −$381.00 M; to noncontrolling interests: −$56.00 M.