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Intel Corp [INTC] reports annual net loss of $1.7 billion

By USInMinutes - Mar 07, 2024, 04:59 AM ET
Last Updated - Mar 07, 2024, 04:59 AM EST
Intel Corp [INTC] reports annual net loss of $1.7 billion

Company Reports Revenue of $54.2 billion

INTEL CORP [INTC] has reported a net loss of $1.7 billion for year ended Dec 30, 2023.

The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $54.2 billion

Based in Santa Clara, California, INTEL CORP operates in the MANUFACTURING sector.

During the 12 months ended December 30, 2023, Intel reported a net revenue of $54.23 million, a decrease from $63.05 million in the same period in 2022 and $79.02 million in 2021.

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The cost of sales for the same periods was $32.52 million, $36.19 million, and $35.21 million, respectively. This resulted in a gross margin of $21.71 million for 2023, compared to $26.87 million in 2022 and $43.82 million in 2021.

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