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Segment Reporting
9 Months Ended
Sep. 27, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Management, including the Chief Operating Decision Maker (CODM), who is the Company’s Chief Executive Officer, reviews and assesses operating performance using segment net revenue, cost of sales and operating expenses, and operating income (loss). These performance measures include the allocation of expenses to the reportable segments based on management’s judgment. The CODM is regularly provided segment operating income to assess relative segment performance.
Beginning with the fiscal year ending December 27, 2025, the Company changed its segment structure, combining the Client and Gaming segments into one reportable segment to align with how the Company manages its business. All prior period segment data were retrospectively adjusted. The Company’s three reportable segments are:
the Data Center segment, which primarily includes Artificial Intelligence (AI) accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), Smart Network Interface Cards (SmartNICs) and Adaptive System-on-Chip (SoC) products for data centers;
the Client and Gaming segment, which primarily includes CPUs, APUs, chipsets for desktops and notebooks, discrete GPUs, and semi-custom SoC products and development services; and
the Embedded segment, which primarily includes embedded CPUs, GPUs, APUs, FPGAs, System on Modules (SOMs), and Adaptive SoC products.
From time to time, the Company may also sell or license portions of its IP portfolio.
In addition to these reportable segments, the Company has an All Other category, which is not a reportable segment. This category primarily includes certain expenses and credits that are not allocated to any of the reportable segments because the CODM does not consider these expenses and credits in evaluating the performance of the reportable segments. This category primarily includes amortization of acquisition-related intangibles, employee stock-based compensation expense, acquisition-related and other costs, inventory loss at (recovery from) contract manufacturer, and restructuring charges. Acquisition-related and other costs primarily include certain compensation charges and transaction costs.
The following table provides a summary of net revenue, cost of sales and operating expenses, and operating income (loss) by segment. Segment cost of sales and operating expenses primarily include materials, external manufacturing, labor and marketing and advertising costs, and exclude expenses and credits that are recorded within the All Other category. Neither of the Client and Gaming businesses qualify as a separate reportable operating segment, however, the Company continues to separately disclose revenue for each business.
Three Months EndedNine Months Ended
September 27,
2025
September 28,
2024
September 27,
2025
September 28,
2024
(In millions)
Net revenue:
Data Center$4,341 $3,549 $11,255 $8,720 
Client and Gaming
Client2,750 1,881 7,543 4,741 
Gaming1,298 462 3,067 2,032 
Total Client and Gaming4,048 2,343 10,610 6,773 
Embedded857 927 2,504 2,634 
Total net revenue$9,246 $6,819 $24,369 $18,127 
Cost of sales and operating expenses:
Data Center
$3,267 $2,508 $9,404 $6,395 
Client and Gaming
3,181 2,055 8,480 6,082 
Embedded
574 555 1,618 1,575 
All other954 977 2,925 3,046 
Total cost of sales and operating expenses
$7,976 $6,095 $22,427 $17,098 
Operating income (loss):
Data Center$1,074 $1,041 $1,851 $2,325 
Client and Gaming867 288 2,130 691 
Embedded283 372 886 1,059 
All other (1)
(954)(977)(2,925)(3,046)
Total operating income
$1,270 $724 $1,942 $1,029 
(1)
For the three and nine months ended September 27, 2025, all other operating losses primarily included $562 million and $1.7 billion of amortization of acquisition-related intangibles, and $419 million and $1.2 billion of stock-based compensation expense, respectively.

For the three and nine months ended September 28, 2024, all other operating losses primarily included $585 million and $1.8 billion of amortization of acquisition-related intangibles, and $351 million and $1.1 billion of stock-based compensation expense, respectively.