• Intel average gross margin for 2023 was 38.7%, a 19.94% decline from 2022.
• Intel average gross margin for 2022 was 48.34%, a 12.87% decline from 2021.
• Intel average gross margin for 2021 was 55.48%, a 3.48% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.