Intel (INTC) Revenue — Quarter Ended Jun 29, 2024
Revenue for the quarter showed a modest sequential increase, but declined compared to the same period last year. The top line improved slightly from the prior quarter, yet remained below the year-ago level.
Key takeaway
Quarter ended Jun 29, 2024 · FY2024 Q2
Revenue for the quarter showed a modest sequential increase, but declined compared to the same period last year. The top line improved slightly from the prior quarter, yet remained below the year-ago level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.8B
Revenue reported for this quarter.
Quarter-over-quarter
+0.9%
Change from the immediately preceding quarter.
Year-over-year
-0.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$55.1B
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 |
|---|---|---|
| Sep 30, 2023 | $14.2B | -7.7% |
| Dec 30, 2023 | $15.4B | +9.7% |
| Mar 30, 2024 | $12.7B | +8.6% |
| Jun 29, 2024 | $12.8B | -0.9% |
Revenue performance
The reported revenue reflects a slight sequential uptick, indicating a modest recovery from the preceding quarter. However, the year-over-year comparison reveals a contraction.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged higher. Versus the same quarter one year earlier, revenue was lower.
What to watch
The mixed sequential growth and year-over-year decline warrant attention to the company's revenue trajectory.