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| Year | Net income, in billion USD |
|---|---|
| 2023 | 1.68 |
| 2022 | 8.02 |
| 2021 | 19.87 |
| 2020 | 20.90 |
| 2019 | 21.05 |
| 2018 | 21.05 |
| 2017 | 9.60 |
| 2016 | 10.32 |
| 2015 | 11.42 |
| 2014 | 11.70 |
| 2013 | 9.62 |
| 2012 | 11.01 |
| 2011 | 12.94 |
| 2010 | 11.46 |
| 2009 | 4.37 |
| 2008 | 5.29 |
| 2007 | 6.98 |
| 2006 | 5.04 |
| 2005 | 8.66 |
| 2004 | 7.52 |
- Source: Intel - Net income
- Region: Worldwide
- Time period: 2004 to 2023
- Published: Jan 2024
Data Analysis and Insights
Decline in Net Income from 2020 to 2023
Intel's net income experienced a significant decrease, dropping from 20.90 billion USD in 2020 to 1.68 billion USD in 2023. This represents a steep decline of over 91% in a span of three years, indicating substantial challenges the company faced in maintaining its profitability during this period.Peak Net Income in 2019 and 2020
The highest net income figures for Intel were recorded in 2019 and 2020, each year marking over 21 billion USD, with 2019 peaking at 21.05 billion USD. These years represent the zenith of Intel's financial performance over the two-decade span.Variance in Annual Net Income
Over the two decades, Intel's annual net income showed considerable variability, ranging from a low of 1.68 billion USD in 2023 to a high of 21.05 billion USD in 2019. This fluctuation highlights the dynamic nature of the tech industry and the company's varying ability to adapt and profit from market conditions.Recovery and Decline Cycles
Intel has experienced cycles of recovery and decline, notably recovering from 4.37 billion USD in 2009 to 12.94 billion USD in 2011, followed by a more recent decline from 21.05 billion USD in 2019 to 1.68 billion USD in 2023. These cycles reflect the company's responsiveness to industry trends and challenges.Stability Period before 2019
Prior to the recent decline, Intel maintained a relatively stable net income, hovering around 21 billion USD in both 2018 and 2019. This period of stability suggests a strong market position before encountering significant headwinds in subsequent years.Significant Drop in 2017
The year 2017 saw a notable decrease in net income to 9.60 billion USD, almost halving from the previous year's 21.05 billion USD in 2018. This drop reflects specific challenges that significantly impacted profitability that year, before a return to higher income levels in the following years.Frequently Asked Questions
When did Intel record its highest net income?
What was the range of Intel's annual net income over the past two decades?
Over two decades, Intel's annual net income ranged from a low of 1.68 billion USD in 2023 to a high of 21.05 billion USD in 2019.
Terms and Definitions
Intel Corporation is one of the world's largest and highest-valued semiconductor chip manufacturers, based on revenue. The company invents, designs, and sells integrated digital technology platforms, including microprocessors, chipsets, and software. Its products are used in a wide range of applications such as computing, telecommunications, and networking.
Revenue represents the total income generated by a company from its normal business operations, such as sales of goods or services, before deducting any costs or expenses. It is referred to as "top line" as it is typically the first line or number reported on a company's income statement.
A microprocessor is the central processing unit (CPU) of a computer or other digital device, built on a single integrated circuit. It performs all the major functions of a computer, such as executing instructions, performing mathematical operations, and managing system tasks. Intel is widely recognized for its production of microprocessors.
A semiconductor is a material that has a resistivity level between that of a conductor and an insulator. It is used widely in electronic circuits and devices, including microprocessors and memory chips, as it can control the flow of electricity.
A chipset is a set of electronic components in an integrated circuit that manages the data flow between the processor, memory, and peripherals. It is typically designed to work with a specific family of microprocessors and plays a critical role in system performance.
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