Intel (INTC) FY2024 results: revenue $53.1 billion, down 2.1% on the year
Intel Corp. (INTC) reported revenue of $53.1 billion for fiscal 2024, the year ended 28 December 2024, down 2.1% on the year before. Net income was -$18.8 billion, and diluted earnings per share $-4.38. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2025.
Revenue
$53.1 billion
-2.1% on the year
FY2017FY2024
Operating margin
-22.0%
0.2% a year earlier
FY2017FY2024
Net income
-$18.8 billion
FY2017FY2024
Diluted EPS
-$4.38
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
8,288
11,471
15,433
-27.7%
Capital expenditure
23,944
25,750
24,844
-7.0%
Free cash flow
-15,656
-14,279
-9,411
Free cash flow margin
-29.5%
-26.3%
-14.9%
Cash from investing
-18,256
-24,041
-10,231
Cash from financing
11,138
8,505
1,115
+31.0%
Depreciation and amortisation
11,379
9,602
13,035
+18.5%
Share-based compensation
3,410
3,229
3,128
+5.6%
Buybacks
n/a
0.0
0.0
Dividends paid
1,599
3,088
5,997
-48.2%
Dividend per share
$0.38
$0.74
$1.46
-48.6%
Diluted shares, weighted
4,280m
4,212m
4,123m
+1.6%
Shares outstanding at period end
4,330m
4,228m
4,137m
+2.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
99,270
105,590
101,423
-6.0%
Non-controlling interest
5,762
4,375
1,863
+31.7%
Debt
50,011
49,266
42,051
+1.5%
Other liabilities
41,442
32,341
36,766
+28.1%
Total liabilities and equity
196,485
191,572
182,103
+2.6%
Fixed assets
n/a
n/a
80,860
Goodwill
24,693
27,591
27,591
-10.5%
Intangible assets
3,691
4,589
6,018
-19.6%
Investments
13,813
17,955
17,194
-23.1%
Cash and equivalents
8,249
7,079
11,144
+16.5%
Receivables
3,478
3,402
4,133
+2.2%
Inventory
12,198
11,127
13,224
+9.6%
Other assets
130,363
119,829
21,939
+8.8%
Total assets
196,485
191,572
182,103
+2.6%
10-K for the year ended 28 December 2024, filed 31 January 2025: the filing.