The company said its 2023 revenue was $54.2 billion, down $8.8 billion, or 14%, from 2022. CCG revenue fell 8%, DCAI revenue fell 20%, and NEX revenue fell 31%.

1. 01

   The company said its 2023 revenue was $54.2 billion, down $8.8 billion, or 14%, from 2022. CCG revenue fell 8%, DCAI revenue fell 20%, and NEX revenue fell 31%.

2. 02

   Intel said its overall gross margin dollars in 2023 decreased by $5.2 billion, or 19%, from 2022. The company cited lower revenue, higher unit cost, and higher excess capacity charges as factors reducing GAAP gross margin.

3. 03

   The company said it invested $16.0 billion in R&D and made capital investments of $25.8 billion in 2023, and that it had $11.5 billion in cash from operations and adjusted free cash flow of $(11.9) billion.

4. 04

   Intel said it issued senior notes totaling $11.0 billion in 2023. The company said its total dividend payments were $3.1 billion in 2023, down from $6.0 billion in 2022.

Key figures

Fiscal year ended December 30, 2023

Revenue

$54.2B

Operating income

$93M

Net income

$1.7B

EPS

$0.40

Gross profit

$21.7B

Operating cash flow

$11.5B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.