Intel Corporation (INTC)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 21,711,000 | 20,164,000 | 20,681,000 | 21,630,000 | 26,866,000 | 32,375,000 | 36,586,000 | 42,205,000 | 43,815,000 | 44,154,000 | 43,149,000 | 42,450,000 | 43,612,000 | 44,142,000 | 45,696,000 | 45,067,000 | 42,140,000 | 41,489,000 | 42,554,000 | 43,095,000 |
| Revenue (ttm) | US$ in thousands | 54,609,000 | 49,921,000 | 51,712,000 | 53,325,000 | 60,233,000 | 69,226,000 | 72,142,000 | 77,425,000 | 78,200,000 | 77,539,000 | 76,698,000 | 76,709,000 | 76,997,000 | 77,332,000 | 78,200,000 | 75,050,000 | 71,097,000 | 69,594,000 | 69,394,000 | 69,770,000 |
| Gross profit margin | 39.76% | 40.39% | 39.99% | 40.56% | 44.60% | 46.77% | 50.71% | 54.51% | 56.03% | 56.94% | 56.26% | 55.34% | 56.64% | 57.08% | 58.43% | 60.05% | 59.27% | 59.62% | 61.32% | 61.77% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $21,711,000K ÷ $54,609,000K
= 39.76%
The gross profit margin of Intel Corporation has shown a declining trend over the past five quarters, starting from 60.05% in March 2020 to 39.76% in December 2023. This indicates that the company's profitability from its core operations has been decreasing. The company experienced a significant drop in gross profit margin between March 2020 and December 2020 from 60.05% to 56.64%, followed by a relatively stable period in mid-2021 where the margin ranged between 56% and 57%.
However, since June 2021, the gross profit margin has been on a downward trajectory, falling below 40% as of December 2023. This suggests that Intel may be facing challenges in maintaining profitability amidst changing market dynamics, cost pressures, or pricing issues that are affecting its ability to generate profits from its sales.
Overall, Intel Corporation's gross profit margin analysis highlights the importance of closely monitoring changes in profitability metrics to assess the company's operational efficiency and financial performance over time.
Peer comparison
Dec 31, 2023