Intel (INTC) FY2025 results: revenue $52.9 billion, down 0.5% on the year

Intel designs and manufactures central processing units and other semiconductors. Its products are designed and marketed by the Intel Products business, which is made up of the CCG and DCAI segments, and are manufactured by the Intel Foundry segment and by third-party suppliers. Intel Foundry also sells semiconductor design and manufacturing services to outside customers. The company reports three segments, CCG, DCAI and Intel Foundry, with an "all other" category alongside them that is not a reportable segment. Most of its sales in 2025, 2024 and 2023 came from the CCG and DCAI product offerings.

CCG, the PC business

CCG supplies the platforms and processors that go into PCs and edge devices for consumer and commercial markets, with capabilities the filing says also support retail, industrial robotics and AI at the edge. Its direct customers are distributors and the manufacturers that design and sell PCs. Client CPUs are generally sold as a system-on-chip: the main compute die combined with a controller and memory hub and a graphics, neural or image processing accelerator. Intel Core, which the filing says has been a staple of the PC industry for nearly two decades, covers entry-level to mid-level laptops, desktops and edge devices, is built on the Intel 7 process and accounted for almost half of CCG product sales in 2025, a share the company expects to fall in 2026 as sales of Intel Core Ultra processors rise. The named competitor is AMD on the same x86 architecture, and Apple, Qualcomm and MediaTek on ARM.

DCAI, the data centre business

DCAI supplies x86-based products for data centres: CPUs, AI accelerators, network interface cards, infrastructure processing units and custom ASICs, aimed at cloud, enterprise, telecommunications and high performance computing. Its direct customers are cloud service providers and hyperscalers and the manufacturers that build servers. The business is anchored on the Intel Xeon family of x86 server and network processors, with 2025 sales spread across four generations. The 3rd, 4th and 5th generation Xeon Scalable processors are built on the Intel 7 process and made up a majority of DCAI product sales in 2025. Competitors named are AMD, NVIDIA in GPU systems, hyperscalers building their own silicon including Amazon, Google, Meta and Microsoft, and Broadcom in custom ASICs.

Intel Foundry

Intel Foundry covers technology development, manufacturing and foundry services. It develops new process and advanced packaging technologies and provides manufacturing, assembly and test capacity across several nodes. The filing states that Intel is the only company conducting both advanced logic research and high-volume manufacturing in the United States, and that it is one of three companies, the others being TSMC and Samsung, investing in 2nm lithography and next-generation transistor architectures. Nearly all of the segment's work at present supports Intel's own products. Its named competitors are TSMC and Samsung at the most advanced nodes, and GlobalFoundries, UMC and SMIC on mature processes.

Where the chips are made

In 2025 the key production fabs were in Oregon and Arizona, both ramping Intel 18A with Arizona also on Intel 7; Ireland, on Intel 4 and Intel 3; and Israel, on Intel 7. Finished wafers go to assembly and test plants, which in 2025 were in China, New Mexico, Vietnam and Malaysia, with New Mexico the key advanced packaging facility and a new one being built in Malaysia. During 2025 the company began consolidating its Costa Rican assembly and test operations into the larger Vietnam and Malaysia sites, slowed construction of its new Ohio fab, and discontinued planned expansions of a fab in Germany and an assembly and test facility in Poland.

What else sits inside it

The "all other" category holds non-reportable segments and start-up businesses. Its largest pieces were Mobileye, the driving assistance and self-driving business, 80% owned at the year end, and IMS, which makes multi-beam mask writing tools, 68% owned. Altera, previously wholly owned, left the accounts on 12 September 2025 when Intel sold 51% of its common stock.

Who bought into the company in 2025

Under an agreement with the US government dated 27 August 2025, Intel received the remaining accelerated CHIPS Act disbursements of $5.7 billion and issued the Department of Commerce 275 million shares, a warrant over 241 million more at $20.00 a share exercisable if Intel ceases to own at least 51% of Intel Foundry, and a further 159 million shares held in escrow against $3.2 billion of Secure Enclave disbursements. Separately it sold 87 million shares to SoftBank Group at $23.00 a share and 215 million shares to NVIDIA at $23.28 a share, both completed later in 2025.

From Intel's annual report on Form 10-K for the year ended 27 December 2025. The filing carries no Item 1 or Item 7 headings in its body, using a cross-reference index at the back instead, so this was written from the report read as a whole document. The filing

Written from the 10-K filed 23 January 2026: read the full 10-K.