Intel Corporation (INTC)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	21,711,000	26,866,000	43,815,000	43,612,000	42,140,000
Revenue	US$ in thousands	53,879,000	61,811,000	78,168,000	76,984,000	71,052,000
Gross profit margin		40.30%	43.46%	56.05%	56.65%	59.31%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $21,711,000K ÷ $53,879,000K
= 40.30%

The gross profit margin of Intel Corporation has shown a declining trend over the past five years, starting at 59.31% in 2019 and decreasing to 40.30% in 2023. This indicates that the company's cost of goods sold as a percentage of revenue has been increasing relative to its sales. A lower gross profit margin may suggest potential challenges in managing production costs or pricing strategies. It is essential for Intel to closely monitor and address factors impacting its gross profit margin to maintain profitability and competitive position in the industry.