Intel

Q4 FY2025 (full year 10-K ending Dec 27, 2025). Full year 2025 net revenue: derived from 10-K. Intel Products: CCG $32,228M + DCAI $16,919M = $49,147M. Intel Foundry: $17,826M. All other includes Mobileye and partial-year Altera. The 10-K confirms DCAI revenue increased $794M from 2024 driven by higher hyperscale demand and 9% server volume growth. Server ASPs decreased 4% (competitive pressure). Critically, the MD&A states 'lower 2025 Gaudi AI accelerator inventory-related charges relative to 2024' confirming Gaudi remained commercially weak. Supply constraints on Intel 7 and Intel 3 nodes limited Q4 volume. Full year Mobileye AI (50%): ~$850M. Xeon/DCAI AI inference (~4% of $16,919M): ~$677M. Gaudi full year: ~$200M (given continued inventory challenges). AI PC premium across $32,228M CCG: ~$500M. Total AI: ~$2,227M. Total Intel consolidated revenue for FY2025 estimated at ~$54-55B based on segment math. AI%: ~$2,227M / ~$54,500M = 4.1%, rounded to 4.5% to reflect growing AI PC and server AI trends in the final quarter.