Intel Corporation stock research
FY2026 Q1
Intel (INTC) Gross Margin & Quarterly History
Explore Intel Corporation (INTC) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 28, 2026 · FY2026 Q1
Revenue was slightly lower than the prior quarter, while gross profit improved due to a more-than-proportionate reduction in cost of revenue, resulting in a higher gross margin. Compared to the same quarter one year earlier, revenue increased and gross profit rose, with gross margin strengthening as cost of revenue grew less than revenue.
- The most observable driver of gross margin improvement was the reduction in cost of revenue relative to revenue, leading to higher gross profit despite slightly lower revenue. This cost behavior warrants monitoring as it may reflect changes in input costs or operational efficiency.
- Compared to the immediately preceding quarter, gross margin improved, with revenue slightly lower but gross profit higher and cost of revenue lower. Year-over-year, gross margin strengthened, supported by higher revenue and a larger gross profit, while cost of revenue increased at a slower pace.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
39.4%
Gross profit
$5.3B
Revenue
$13.6B
Cost of revenue
$8.2B
Quarter-over-quarter change
+3.2 pts
Year-over-year change
+2.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 28, 2025 | $12.9B | $3.5B | $9.3B | 27.5% |
| Sep 27, 2025 | $13.7B | $5.2B | $8.4B | 38.2% |
| Dec 27, 2025 | $13.7B | $4.9B | $8.7B | 36.1% |
| Mar 28, 2026 | $13.6B | $5.3B | $8.2B | 39.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 27, 2025
+3.2 pts
Year-over-year change
Mar 29, 2025
+2.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver of gross margin improvement was the reduction in cost of revenue relative to revenue, leading to higher gross profit despite slightly lower revenue. This cost behavior warrants monitoring as it may reflect changes in input costs or operational efficiency.
Compared to the immediately preceding quarter, gross margin improved, with revenue slightly lower but gross profit higher and cost of revenue lower. Year-over-year, gross margin strengthened, supported by higher revenue and a larger gross profit, while cost of revenue increased at a slower pace.
Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters to assess whether the margin improvement is sustained.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Intel Corporation (INTC) | 39.4% |
| Advanced Micro Devices, Inc. (AMD) | 52.8% |
| NVIDIA Corporation (NVDA) | 74.9% |