Intel (INTC) Revenue — Quarter Ended Mar 30, 2024
Revenue for the quarter declined sequentially but rose compared to the same period a year earlier. The sequential drop reversed the prior quarter's growth, while the year-over-year gain marked a continued recovery from the prior year's decline.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q1
Revenue for the quarter declined sequentially but rose compared to the same period a year earlier. The sequential drop reversed the prior quarter's growth, while the year-over-year gain marked a continued recovery from the prior year's decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.7B
Revenue reported for this quarter.
Quarter-over-quarter
-17.4%
Change from the immediately preceding quarter.
Year-over-year
+8.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$55.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 1, 2023 | $12.9B | -15.5% |
| Sep 30, 2023 | $14.2B | -7.7% |
| Dec 30, 2023 | $15.4B | +9.7% |
| Mar 30, 2024 | $12.7B | +8.6% |
Revenue performance
Reported revenue decreased from the immediately preceding quarter, ending a streak of sequential improvement. However, revenue was higher than the same quarter one year ago, indicating a year-over-year expansion.
Quarterly comparison
Compared to the prior quarter, revenue fell sharply, while compared to the same quarter last year, revenue increased. This mixed performance reflects a reversal of the prior quarter's upward trajectory against a backdrop of year-over-year growth.
What to watch
The sequential decline after a period of consecutive quarterly gains warrants attention to whether the downward trend continues or stabilizes.