Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Income

v3.24.3
Consolidated Condensed Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net revenue $ 13,284 $ 14,158 $ 38,841 $ 38,822
Cost of sales 11,287 8,140 27,080 24,158
Gross margin 1,997 6,018 11,761 14,664
Research and development 4,049 3,870 12,670 12,059
Marketing, general, and administrative 1,383 1,340 4,268 4,017
Restructuring and other charges 5,622 816 6,913 1,080
Operating expenses 11,054 6,026 23,851 17,156
Operating income (loss) (9,057) (8) (12,090) (2,492)
Gains (losses) on equity investments, net (159) (191) (74) (46)
Interest and other, net 130 147 355 512
Income (loss) before taxes (9,086) (52) (11,809) (2,026)
Provision for (benefit from) taxes 7,903 (362) 7,271 (1,041)
Net income (loss) (16,989) 310 (19,080) (985)
Less: net income (loss) attributable to non-controlling interests (350) 13 (450) (5)
Net income (loss) attributable to Intel $ (16,639) $ 297 $ (18,630) $ (980)
Earnings per share - Basic (in dollars per share) $ (3.88) $ 0.07 $ (4.37) $ (0.23)
Earnings per share - Diluted (in dollars per share) $ (3.88) $ 0.07 $ (4.37) $ (0.23)
Weighted average shares of common stock outstanding:        
Basic (shares) 4,292 4,202 4,267 4,180
Diluted (shares) 4,292 4,229 4,267 4,180