Quarterly report [Sections 13 or 15(d)]

Consolidated Condensed Statements of Income

v3.25.3
Consolidated Condensed Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 27, 2025
Sep. 28, 2024
Income Statement [Abstract]        
Net revenue $ 13,653 $ 13,284 $ 39,179 $ 38,841
Cost of sales 8,435 11,287 25,747 27,080
Gross profit 5,218 1,997 13,432 11,761
Research and development 3,231 4,049 10,555 12,670
Marketing, general, and administrative 1,129 1,383 3,450 4,268
Restructuring and other charges 175 5,622 2,221 6,913
Operating expenses 4,535 11,054 16,226 23,851
Operating income (loss) 683 (9,057) (2,794) (12,090)
Gains (losses) on equity investments, net 221 (159) 611 (74)
Interest and other, net 3,670 130 3,402 355
Income (loss) before taxes 4,574 (9,086) 1,219 (11,809)
Provision for (benefit from) taxes 304 7,903 860 7,271
Net income (loss) 4,270 (16,989) 359 (19,080)
Less: net income (loss) attributable to non-controlling interests 207 (350) 35 (450)
Net income (loss) attributable to Intel $ 4,063 $ (16,639) $ 324 $ (18,630)
Earnings (loss) per share attributable to Intel—basic (in dollars per share) $ 0.90 $ (3.88) $ 0.07 $ (4.37)
Earnings (loss) per share attributable to Intel—diluted (in dollars per share) $ 0.90 [1] $ (3.88) $ 0.07 [1] $ (4.37)
Weighted average shares of common stock outstanding:        
Basic (shares) 4,514 4,292 4,424 4,267
Diluted (shares) 4,531 4,292 4,434 4,267
[1] For the three and nine months ended September 27, 2025, earnings (loss) per share attributable to Intel-diluted has been calculated by adjusting net income (loss) attributable to Intel for the loss of $2 million related to the mark-to-market of that portion of the derivative liability that is attributable to 342 thousand contingent Escrowed Shares that were included in the weighted average shares of common stock outstanding-diluted during the period.