$52.9B total, basically unchanged. But underneath: PCs declining, data center growing — and a third leg (Foundry) just being built.
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✦ The bottom line
FY2025 revenue $52.9B, down 0.5% from $53.1B. PC chips down, data center chips up, and the new Foundry business still in the investment phase.
↓ the brief below
✦ Teach me
Money coming in
Every dollar customers paid Intel — for PC processors (CCG segment), data center chips (DCAI segment), and (newly) for manufacturing services sold to other chip companies (Intel Foundry).
When a company's revenue stays flat during an industry boom, the question isn't "is growth happening?" — it's "where is the growth going if not to us?" For Intel, the answer is mostly: AMD and TSMC.
Wall Street calls this
Revenue / Net revenue
Flat revenue from a market leader during a chip boom is a *signal.* It usually means share is moving elsewhere — and the company has to fight to get it back.
Total revenue · full year 2025
$52.9
B
Basically flat from $53.1B in 2024. In the same period, AMD revenue grew +34% and Nvidia revenue grew +78%. Intel is the only major US chip company not riding the AI boom in its top line.
Source · 10-K · Income Statement · FY2025 · Filed Jan 30, 2026
$52.9 billion in total revenue is not a growth story. But "basically flat" hides what's happening inside — Intel has two main businesses (CCG and DCAI), and they're moving in opposite directions. The shape of those two segments tells you what to expect next year better than the headline does.
Segment mix · full year 2025
$32.2
B
CCG (PCs) $32.2B, down $1.1B YoY. DCAI (data center) $16.9B, up $0.8B. Intel Foundry $17.8B (mostly internal — selling Intel chip manufacturing back to Intel's own product groups).
So the 2025 story is flat overall, with PCs dragging and data center providing a small offset. That was the full year. The most recent quarter — Q1 2026 — is the more important read for where things are heading right now. Supply constraints on the Intel 7 and Intel 3 manufacturing nodes (Intel's own factories couldn't make chips fast enough) limited Q4 2025 and continue into Q1 2026.
Revenue · Q1 2026 vs Q1 2025
$13.6
B
Up 7% from Q1 2025's $12.7B — but management explicitly says supply constraints are still capping growth. The 7% is the floor, not the ceiling.
Flat revenue while peers grow +34% and +78%. The mix shift toward data center is real but slow. The Foundry leg is years from contributing to top-line growth.