Goodwill and Acquisition-related Intangibles, net

6 Months Ended

Jun. 27, 2026

Intangible Asset, Goodwill and Other [Abstract]

Goodwill and Acquisition-related Intangibles, net

Goodwill and Acquisition-related Intangibles, net

Goodwill

The following table summarizes Goodwill:

(in millions)	Data Center		Embedded		Client and Gaming		Total
December 27, 2025	$	3,690	$	21,072	$	364	$	25,126
Measurement period adjustments related to prior acquisitions	218		—		—		218
Current period acquisitions	126		—		—		126
June 27, 2026	$	4,034	$	21,072	$	364	$	25,470

Acquisition-related Intangibles, net

The following table summarizes Acquisition-related Intangibles Assets:

	June 27, 2026						December 27, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(In millions)						(In millions)
Developed technology	$	13,624	$	(4,082)	$	9,542	$	13,599	$	(3,560)	$	10,039
Customer relationships	12,324		(6,801)		5,523		12,324		(6,267)		6,057
Product trademarks	914		(344)		570		914		(305)		609
Total acquisition-related intangible assets, net	$	26,862	$	(11,227)	$	15,635	$	26,837	$	(10,132)	$	16,705

Acquisition-related intangible amortization expense was $544 million and $1.1 billion for the three and six months ended June 27, 2026, respectively. Acquisition-related intangible amortization expense was $568 million and $1.1 billion for the three and six months ended June 28, 2025, respectively.

Based on the carrying value of acquisition-related intangibles recorded as of June 27, 2026, and assuming no subsequent impairment of the underlying assets, the estimated future annual amortization expense for acquisition-related intangibles is as follows:

Fiscal Year	Remainder of 2026		2027		2028		2029		2030		2031 and thereafter		Total
	(In millions)
Future annual amortization	$	1,062	$	2,042	$	1,929	$	1,697	$	1,457	$	7,448	$	15,635