Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Income

v3.25.4
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 30, 2023
Income Statement [Abstract]      
Net revenue $ 52,853 $ 53,101 $ 54,228
Cost of sales 34,478 35,756 32,517
Gross profit 18,375 17,345 21,711
Research and development 13,774 16,546 16,046
Marketing, general, and administrative 4,624 5,507 5,634
Restructuring and other charges 2,191 6,970 (62)
Operating expenses 20,589 29,023 21,618
Operating income (loss) (2,214) (11,678) 93
Gains (losses) on equity investments, net 514 242 40
Interest and other, net 3,257 226 629
Income (loss) before taxes 1,557 (11,210) 762
Provision for (benefit from) taxes 1,531 8,023 (913)
Net income (loss) 26 (19,233) 1,675
Less: net income (loss) attributable to non-controlling interests 293 (477) (14)
Net income (loss) attributable to Intel $ (267) $ (18,756) $ 1,689
Earnings (loss) per share attributable to Intel—basic (in dollars per share) $ (0.06) $ (4.38) $ 0.40
Earnings (loss) per share attributable to Intel—diluted (in dollars per share) $ (0.06) $ (4.38) $ 0.40
Weighted average shares of common stock outstanding:      
Basic (shares) 4,530 4,280 4,190
Diluted (shares) 4,530 4,280 4,212