| Summary of Net Revenue and Operating Income (Loss) by Segment |
The following table provides a summary of net revenue, cost of sales and operating expenses, and operating income (loss) by segment. Segment cost of sales and operating expenses primarily include materials, external manufacturing, labor and marketing and advertising costs, and exclude expenses and credits that are recorded within the All Other category. Each of the Client and Gaming businesses do not qualify as a separate reportable operating segment, however, the Company continues to separately disclose revenue for each business. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 27, 2026 | | June 28, 2025 | | June 27, 2026 | | June 28, 2025 | | (In millions) | | Net revenue: | | | | | | | | | Data Center | $ | 6,718 | | | $ | 3,240 | | | $ | 12,493 | | | $ | 6,914 | | | Client and Gaming | | | | | | | | | Client | 3,062 | | | 2,499 | | | 5,947 | | | 4,793 | | | Gaming | 779 | | | 1,122 | | | 1,499 | | | 1,769 | | | Total Client and Gaming | 3,841 | | | 3,621 | | | 7,446 | | | 6,562 | | | Embedded | 977 | | | 824 | | | 1,850 | | | 1,647 | | | Total net revenue | $ | 11,536 | | | $ | 7,685 | | | $ | 21,789 | | | $ | 15,123 | | | | | | | | | | Cost of sales and operating expenses: | | | | | | | | Data Center | $ | 4,615 | | | $ | 3,395 | | | $ | 8,791 | | | $ | 6,137 | | Client and Gaming | 3,259 | | | 2,854 | | | 6,289 | | | 5,299 | | Embedded | 591 | | | 549 | | | 1,126 | | | 1,044 | | | All other | 1,081 | | | 1,021 | | | 2,117 | | | 1,971 | | Total cost of sales and operating expenses | $ | 9,546 | | | $ | 7,819 | | | $ | 18,323 | | | $ | 14,451 | | | | | | | | | | Operating income (loss): | | | | | | | | | Data Center | $ | 2,103 | | | $ | (155) | | | $ | 3,702 | | | $ | 777 | | | Client and Gaming | 582 | | | 767 | | | 1,157 | | | 1,263 | | | Embedded | 386 | | | 275 | | | 724 | | | 603 | | All other (1) | (1,081) | | | (1,021) | | | (2,117) | | | (1,971) | | | Total operating income (loss) | $ | 1,990 | | | $ | (134) | | | $ | 3,466 | | | $ | 672 | |
| | | | | | | (1) | For the three and six months ended June 27, 2026, all other operating losses primarily included $544 million and $1.1 billion of amortization of acquisition-related intangibles, and $503 million and $990 million of stock-based compensation expense, respectively.
For the three and six months ended June 28, 2025, all other operating losses primarily included $568 million and $1.1 billion of amortization of acquisition-related intangibles, and $369 million and $733 million of stock-based compensation expense, respectively. |
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