Intel Corporation stock research
FY2023 Q1
Intel (INTC) Gross Margin — Quarter Ended Apr 1, 2023
Revenue and gross profit both decreased compared to the prior quarter and the same quarter last year, while cost of revenue also declined. Gross margin weakened relative to both comparison periods.
Gross margin takeaway
Quarter ended Apr 1, 2023 · FY2023 Q1
Revenue and gross profit both decreased compared to the prior quarter and the same quarter last year, while cost of revenue also declined. Gross margin weakened relative to both comparison periods.
- The decline in gross margin was driven by a proportionally larger decrease in gross profit relative to revenue, as cost of revenue did not fall as steeply as revenue.
- Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were all lower. Versus the same quarter one year earlier, all three metrics were also lower, with gross margin showing the most pronounced weakening.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
34.2%
Gross profit
$4.0B
Revenue
$11.7B
Cost of revenue
$7.7B
Quarter-over-quarter change
n/a
Year-over-year change
-16.2 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 |
|---|---|---|---|---|
| Apr 1, 2023 | $11.7B | $4.0B | $7.7B | 34.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
FY2022 Q1
-16.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The decline in gross margin was driven by a proportionally larger decrease in gross profit relative to revenue, as cost of revenue did not fall as steeply as revenue.
Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were all lower. Versus the same quarter one year earlier, all three metrics were also lower, with gross margin showing the most pronounced weakening.
Monitor the trajectory of cost of revenue relative to revenue in upcoming quarters.