v3.26.1
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 acquisitions218 — — 218 
Current period acquisitions126 — — 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, 2026December 27, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(In millions)(In millions)
Developed technology$13,624 $(4,082)$9,542 $13,599 $(3,560)$10,039 
Customer relationships12,324 (6,801)5,523 12,324 (6,267)6,057 
Product trademarks914 (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
2027202820292030
2031 and thereafter
Total
(In millions)
Future annual amortization
$1,062 $2,042 $1,929 $1,697 $1,457 $7,448 $15,635