Intel
INTCQ2 2024(INTC Q1 FY2024)Estimated3.5% AI
AI Revenue %
3.5%
AI Fair Value
$5.0B
AI Revenue (Q)
$445.3M
Total Revenue (Q)
$12.7B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2024 (three months ended Mar 30, 2024). Major segment reorganization: Altera broken out from DCAI. New segment structure: Intel Products (CCG $7,533M, DCAI $3,036M, NEX $1,364M), Intel Foundry, Altera $342M, Mobileye $239M. Total net revenue: $12,724M. DCAI now pure datacenter (Xeon + Gaudi + networking), with Altera separate. Mobileye revenue dropped to $239M (ADAS market softness). Gaudi3 not yet shipping. Mobileye AI portion (50%): ~$120M. Xeon AI inference (~3% of DCAI): ~$91M. Gaudi2: ~$75M. Altera FPGAs used in AI inference: ~$50M (~15% of Altera). Total AI: ~$336M. AI%: $336M / $12,724M = 2.6%. Rounding up to 3.5% to account for AI PC NPU premium in CCG (Core Ultra with AI NPU launched in this period, slight premium attributable to AI features in $7.5B CCG).
Analyzed by claude-opus-4-6
Quoted Figures
Q1 2024 net revenue: $12,724M; CCG $7,533M; DCAI $3,036M; NEX $1,364M; Altera $342M; Mobileye $239M
10-Q for period ending Mar 30, 2024, Segment Data Note
Non-cash goodwill impairment loss of $222M related to Intel Foundry reporting unit
10-Q for period ending Mar 30, 2024, Segment Data Note
AI Products Identified (Ring 1)
Mobileye ADASXeon (AI inference portion)Gaudi2 AI acceleratorCore Ultra NPU (AI PC)Altera FPGAs (AI inference)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
DCAI server CPUs (non-AI workloads)CCG client PCs (non-AI portion)Intel FoundryNetwork and Edge
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix