Annual report pursuant to Section 13 and 15(d)

Operating Segments (Tables)

v3.24.4
Operating Segments (Tables)
12 Months Ended
Dec. 28, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information by Segment
Net revenue, cost of sales, gross margin, operating expenses, and operating income (loss) for each period were as follows:
(In Millions)
Dec 28, 2024
Intel Products
CCG DCAI NEX
Total Intel Products
Intel Foundry
All Other
Corporate Unallocated
Intersegment Eliminations
Total Consolidated
Revenue $ 30,290  $ 12,817  $ 5,842  $ 48,949  $ 17,543  $ 3,824  $   $ (17,215) $ 53,101 
Cost of sales 14,569  6,792  2,457  23,818  25,596  1,831  1,919  (17,408) 35,756 
Gross margin (loss)
15,721  6,025  3,385  25,131  (8,053) 1,993  (1,919) 193  17,345 
Operating expenses 4,801  4,687  2,454  11,942  5,355  2,077  9,299  350  29,023 
Operating income (loss)
$ 10,920  $ 1,338  $ 931  $ 13,189  $ (13,408) $ (84) $ (11,218) $ (157) $ (11,678)
(In Millions)
Dec 30, 2023
Intel Products
CCG DCAI NEX Total Intel Products
Intel Foundry
All Other Corporate Unallocated Intersegment Eliminations Total Consolidated
Revenue $ 29,258  $ 12,635  $ 5,774  $ 47,667  $ 18,910  $ 5,608  $   $ (17,957) $ 54,228 
Cost of sales 14,606  6,420  3,095  24,121  21,471  2,475  2,136  (17,686) 32,517 
Gross margin (loss)
14,652  6,215  2,679  23,546  (2,561) 3,133  (2,136) (271) 21,711 
Operating expenses 5,139  4,595  2,475  12,209  4,394  2,054  3,029  (68) 21,618 
Operating income (loss) $ 9,513  $ 1,620  $ 204  $ 11,337  $ (6,955) $ 1,079  $ (5,165) $ (203) $ 93 
(In Millions)
Dec 31, 2022
Intel Products
CCG DCAI NEX
Total Intel Products
Intel Foundry
All Other
Corporate Unallocated
Intersegment Eliminations
Total Consolidated
Revenue $ 31,773  $ 16,856  $ 8,409  $ 57,038  $ 27,491  $ 5,530  $   $ (27,005) $ 63,054 
Cost of sales 16,826  7,081  3,856  27,763  28,052  2,425  2,875  (24,927) 36,188 
Gross margin (loss)
14,947  9,775  4,553  29,275  (561) 3,105  (2,875) (2,078) 26,866 
Operating expenses 6,740  5,577  3,021  15,338  4,608  1,931  2,758  (103) 24,532 
Operating income (loss)
$ 8,207  $ 4,198  $ 1,532  $ 13,937  $ (5,169) $ 1,174  $ (5,633) $ (1,975) $ 2,334 


(In Millions)
Dec 28, 2024
Cost of Sales
Operating Expenses
Total
Acquisition-related costs $ 879  $ 165  $ 1,044 
Share-based compensation 875  2,535  3,410 
Restructuring and other charges1
—  6,970  6,970 
Other 165  (371) (206)
Total corporate unallocated expenses $ 1,919  $ 9,299  $ 11,218 


(In Millions)
Dec 30, 2023
Cost of Sales Operating Expenses Total
Acquisition-related costs $ 1,235  $ 172  $ 1,407 
Share-based compensation 705  2,524  3,229 
Restructuring and other charges1
—  (62) (62)
Other 196  395  591 
Total corporate unallocated expenses $ 2,136  $ 3,029  $ 5,165 


(In Millions)
Dec 31, 2022
Cost of Sales Operating Expenses Total
Acquisition-related costs $ 1,341  $ 185  $ 1,526 
Share-based compensation 663  2,465  3,128 
Patent settlement 204  —  204 
Optane inventory impairment 723  —  723 
Restructuring and other charges1
— 
Other (56) 106  50 
Total corporate unallocated expenses $ 2,875  $ 2,758  $ 5,633 

1 See "Note 7: Restructuring and Other Charges" within Notes to Consolidated Financial Statements for further information.
Schedule of Revenue by Major Customers by Reporting Segments
In 2024, substantially all of the revenue from our three largest customers was from the sale of platforms and other components by our Intel Products operating segments. Our three largest customers accounted for the following percentage of our net revenue:
Years Ended
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022
Customer A
19  % 19  % 19  %
Customer B
14  % 11  % 12  %
Customer C
12  % 10  % 11  %
Total percentage of net revenue
45  % 40  % 42  %
Revenue from External Customers by Geographic Areas
Net revenue by region, based on the billing location of the customer, was as follows:
Years Ended (In Millions) Dec 28, 2024 Dec 30, 2023 Dec 31, 2022
China $ 15,532  $ 14,854  $ 17,125 
United States 12,994  13,958  16,529 
Singapore 10,187  8,602  9,664 
Taiwan 7,804  6,867  8,287 
Other regions 6,584  9,947  11,449 
Total net revenue $ 53,101  $ 54,228  $ 63,054