INTC · 10-K · 2025A · Full report

Revenue Performance and Mix

INTEL CORP · 2026-01-23 · Importance 31 · Surprise 32

Consolidated 2025 revenue was $52.9 billion, down $248 million (0.5%) versus 2024, with Intel Products roughly flat as a decline in CCG was offset by growth in DCAI. CCG revenue decreased roughly $1.1 billion (about 3%) year-over-year, driven by lower client volumes, reduced incremental customer incentives versus 1H 2024, customer inventory reductions in 2025, and supply constraints on internally manufactured wafers (primarily Intel 7). DCAI revenue increased $794 million (5%) driven by higher hyperscale server demand and higher networking product revenue, but server ASPs fell 4% in 2025 due to pricing actions and a higher mix of lower core count products. Intel expects wafer fabrication supply constraints (Intel 7 and Intel 3) to persist into 2026 with the most severe constraints impacting Q1 2026 and industry-wide component shortages possibly further limiting CCG and DCAI shipments.

Key facts

• Intel Products revenue for year ended Dec 27, 2025: CCG $32,228 million, DCAI $16,919 million, Total $49,147 million.
• Intel Products operating income for year ended Dec 27, 2025: CCG $9,317 million, DCAI $3,422 million, Total $12,739 million.
• CCG revenue decreased $1.1 billion from 2024 to 2025.
• Client revenue (notebook and desktop) was $27.6 billion in 2025, down $1.1 billion from 2024.
• Total Intel Products revenue was $49.1 billion in 2025, down $324 million from 2024.
• Total Intel Products operating income was $12.7 billion in 2025, down $269 million from 2024.
• Consolidated net revenue was $52,853 million in 2025, down $248 million from 2024.
• Intel reported that its Intel Core brands, manufactured on Intel 7 process technology, represented almost half of CCG product sales by revenue in 2025.

Impact estimates