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Intangible Assets, Goodwill and Other
12 Months Ended
Dec. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill and Acquisition-related Intangibles, net
Goodwill
In the first quarter of fiscal year 2025, the Company assigned goodwill to its updated reporting units to reflect the change in its segment reporting structure and determined no impairment immediately prior to and after the change.
The following table summarizes Goodwill:
Before segment change
After segment change
(in millions)
Data Center
Embedded
Client
Gaming
Client and Gaming
Total
December 28, 2024
$3,403 $21,072 $126 $238 $— $24,839 
Reassignment due to segment change
— — (126)(238)364 — 
Acquisitions
287 — — — — 287 
December 27, 2025$3,690 $21,072 $— $— $364 $25,126 
During the fourth quarter of fiscal years 2025 and 2024, the Company conducted its annual qualitative impairment tests of goodwill and concluded that there was no goodwill impairment with respect to its reporting units.
Acquisition-related Intangible Assets
The following table summarizes Acquisition-related Intangible Assets:
December 27, 2025December 28, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(In millions)(In millions)
Developed technology$13,599 $(3,560)$10,039 $13,408 $(2,529)$10,879 
Customer relationships12,324 (6,267)6,057 12,324 (5,124)7,200 
Product trademarks914 (305)609 914 (225)689 
Acquisition-related intangible assets subject to amortization26,837 (10,132)16,705 26,646 (7,878)18,768 
In-process research and development (IPR&D) not subject to amortization— — — 162 — 162 
Total acquisition-related intangible assets, net$26,837 $(10,132)$16,705 $26,808 $(7,878)$18,930 
In April 2025, $162 million of IPR&D intangible asset reached technological feasibility, was placed in service as developed technology and started amortization over its estimated useful life of 5 years.
Acquisition-related intangible amortization expense was $2.3 billion, $2.4 billion and $2.8 billion in fiscal year 2025, 2024 and 2023, respectively.
Based on the carrying value of acquisition-related intangibles recorded as of December 27, 2025, and assuming no subsequent impairment of the underlying assets, the estimated future annual amortization expense for acquisition-related intangibles is as follows:
Fiscal Year
20262027202820292030
2031 and thereafter
Total
(In millions)
Future annual amortization
$2,153 $2,036 $1,923 $1,691 $1,454 $7,448 $16,705