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Segment Reporting
6 Months Ended
Jun. 27, 2026
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.
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), AI Network Interface Cards (AI NICs), Field Programmable Gate Arrays (FPGAs) 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, 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 and acquisition-related and other costs. 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. Each of the Client and Gaming businesses do not qualify as a separate reportable operating segment, however, the Company continues to separately disclose revenue for each business.
Three Months EndedSix Months Ended
June 27,
2026
June 28,
2025
June 27,
2026
June 28,
2025
(In millions)
Net revenue:
Data Center$6,718 $3,240 $12,493 $6,914 
Client and Gaming
Client3,062 2,499 5,947 4,793 
Gaming779 1,122 1,499 1,769 
Total Client and Gaming3,841 3,621 7,446 6,562 
Embedded977 824 1,850 1,647 
Total net revenue$11,536 $7,685 $21,789 $15,123 
Cost of sales and operating expenses:
Data Center
$4,615 $3,395 $8,791 $6,137 
Client and Gaming
3,259 2,854 6,289 5,299 
Embedded
591 549 1,126 1,044 
All other1,081 1,021 2,117 1,971 
Total cost of sales and operating expenses
$9,546 $7,819 $18,323 $14,451 
Operating income (loss):
Data Center$2,103 $(155)$3,702 $777 
Client and Gaming582 767 1,157 1,263 
Embedded386 275 724 603 
All other (1)
(1,081)(1,021)(2,117)(1,971)
Total operating income (loss)$1,990 $(134)$3,466 $672 
(1)
For the three and six months ended June 27, 2026, all other operating losses primarily included $544 million and $1.1 billion of amortization of acquisition-related intangibles, and $503 million and $990 million of stock-based compensation expense, respectively.

For the three and six months ended June 28, 2025, all other operating losses primarily included $568 million and $1.1 billion of amortization of acquisition-related intangibles, and $369 million and $733 million of stock-based compensation expense, respectively.