Intel (INTC) Revenue — Quarter Ended Sep 28, 2024
Revenue for the quarter increased sequentially but declined compared to the same period a year earlier. The sequential improvement reversed a prior quarter's slight decrease, while the year-over-year drop continued a multi-quarter trend.
Key takeaway
Quarter ended Sep 28, 2024 · FY2024 Q3
Revenue for the quarter increased sequentially but declined compared to the same period a year earlier. The sequential improvement reversed a prior quarter's slight decrease, while the year-over-year drop continued a multi-quarter trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$13.3B
Revenue reported for this quarter.
Quarter-over-quarter
+3.5%
Change from the immediately preceding quarter.
Year-over-year
-6.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$54.2B
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 |
|---|---|---|
| Dec 30, 2023 | $15.4B | +9.7% |
| Mar 30, 2024 | $12.7B | +8.6% |
| Jun 29, 2024 | $12.8B | -0.9% |
| Sep 28, 2024 | $13.3B | -6.2% |
Revenue performance
Revenue rose from the immediately preceding quarter, marking a positive sequential change after a near-flat prior period. The increase reflects a modest rebound in the quarter's top line.
Quarterly comparison
Compared with the same quarter one year ago, revenue was lower, extending a pattern of year-over-year contraction. The decline was consistent with the broader downward trajectory seen in recent quarters.
What to watch
The year-over-year revenue decline, despite the sequential improvement, warrants attention as the company navigates ongoing market conditions.