*Not meaningful
Business Unit Summary
Intel previously announced the implementation of an internal foundry operating model, which took effect in the first quarter of 2024 and created a foundry relationship between its Intel Products business (collectively CCG, DCAI, and NEX) and its Intel Foundry business (including Foundry Technology Development, Foundry Manufacturing and Supply Chain, and Foundry Services (formerly IFS)). The foundry operating model is a key component of the company's strategy and is designed to reshape operational dynamics and drive greater transparency, accountability, and focus on costs and efficiency. The company also previously announced its intent to operate Altera®, an Intel Company (previously Intel's Programmable Solutions Group), as a standalone business beginning in the first quarter of 2024. Altera was previously included in DCAI's segment results. As a result of these changes, the company modified its segment reporting in the first quarter of 2024 to align to this new operating model. All prior-period segment data has been retrospectively adjusted to reflect the way the company internally receives information and manages and monitors its operating segment performance starting in fiscal year 2024. There are no changes to Intel’s consolidated financial statements for any prior periods.
Business Unit Revenue and Trends |
|
Q1 2024 |
|
vs. Q1 2023 |
||
Intel Products: |
|
|
|
|
|
|
Client Computing Group (CCG) |
|
$7.5 billion |
|
up |
31% |
|
Data Center and AI (DCAI) |
|
$3.0 billion |
|
up |
5% |
|
Network and Edge (NEX) |
|
$1.4 billion |
|
down |
8% |
|
Total Intel Products revenue |
|
$11.9 billion |
|
up |
17% |
|
Intel Foundry |
|
$4.4 billion |
|
down |
10% |
|
All other: |
|
|
|
|
|
|
Altera |
|
$342 million |
|
down |
58% |
|
Mobileye |
|
$239 million |
|
down |
48% |
|
Other |
|
$194 million |
|
up |
17% |
|
Total all other revenue |
|
$775 million |
|
down |
46% |
|
Intersegment eliminations |
|
$(4.4) billion |
|
|
|
|
Total net revenue |
|
$12.7 billion |
|
up |
9% |
|
