Intel
INTCQ3 2024(INTC Q2 FY2024)Estimated3.5% AI
AI Revenue %
3.5%
AI Fair Value
$5.1B
AI Revenue (Q)
$449.2M
Total Revenue (Q)
$12.8B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2024 (three months ended Jun 29, 2024). Total net revenue: $12,833M. CCG: $7,410M. DCAI: $3,045M. NEX: $1,344M. Altera: $361M. Mobileye: $440M. Gaudi3 announced but not yet in volume shipments. The 10-K later reveals $922M in Gaudi AI accelerator inventory-related charges for all of 2024, indicating very weak commercial traction. Mobileye AI portion (50%): ~$220M. Xeon AI inference (~3% of DCAI): ~$91M. Gaudi: ~$75M. AI PC premium in CCG: ~$75M. Altera AI: ~$50M. Total AI: ~$511M. AI%: $511M / $12,833M = 4.0%. Being conservative at 3.5% given Gaudi uncertainty.
Analyzed by claude-opus-4-6
Quoted Figures
Q2 2024 net revenue: $12,833M; CCG $7,410M; DCAI $3,045M; Altera $361M; Mobileye $440M
10-Q for period ending Jun 29, 2024, Segment Data Note
AI Products Identified (Ring 1)
Mobileye ADASXeon (AI inference portion)Gaudi 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