Intel
INTCQ4 2024(INTC Q3 FY2024)Estimated3.5% AI
AI Revenue %
3.5%
AI Fair Value
$5.5B
AI Revenue (Q)
$1.4B
Total Revenue (Q)
$38.8B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2024 (three months ended Sep 28, 2024). Total net revenue: $13,284M. CCG: $7,330M. DCAI: $3,349M. NEX: $1,511M. Altera: $412M. Mobileye: $485M. Massive $5,622M restructuring charge in Q3 (corporate unallocated). Gaudi3 had early shipments but the FY2024 10-K later confirms $922M in Gaudi inventory charges for the full year, signaling weak demand. Mobileye AI portion (50%): ~$243M. Xeon AI inference (~3% of DCAI): ~$100M. Gaudi3: ~$75M. AI PC premium: ~$75M. Altera AI: ~$50M. Total AI: ~$543M. AI%: $543M / $13,284M = 4.1%, rounded conservatively to 3.5% given massive Gaudi write-downs suggest actual revenue was minimal.
Analyzed by claude-opus-4-6
Quoted Figures
Q3 2024 net revenue: $13,284M; CCG $7,330M; DCAI $3,349M; Altera $412M; Mobileye $485M
10-Q for period ending Sep 28, 2024, Segment Data Note
Restructuring and other charges: $5,622M in Q3 2024
10-Q for period ending Sep 28, 2024, Corporate Unallocated Expenses Note
AI Products Identified (Ring 1)
Mobileye ADASXeon (AI inference portion)Gaudi3 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