It looks like Intel isn’t quite done with Lunar Lake. As we approach the lineup’s one-year anniversary, evidence of a Core Ultra 7 254V has made its way onto the lists of multiple benchmark sites.
The 254V isn’t officially listed on Intel’s product page yet, but its appearance on PassMark, FurMark, and Vulkan API databases leaves little doubt that the alleged variant is on its way. All 8-cores of it.
Now, there is whole lot of details about the 254V but at the very least, we can piece together some of it from its appearance on the various benchmark sites. PassMark confirms that, besides its 8-core configuration, its got 12MB of L3 Cache, along with a performance that is approximately 12.8% lower than the Core Ultra 7 256V.
FurMark indicates that the integrated graphics core is an ARC 140V, running at 2GHz, making it on par with the 256V and 268V. To be fair, though, that’s pretty much the only integrated graphics the lineup has.

The biggest mystery here is the memory configuration of the 254V. Typically, Intel provides both 32GB and 16GB LPDDR5x configurations for Lunar Lake, with the 2x8V SKUs getting 32GB, while the 2x6V SKUs generally get 16GB. With this variant, it’s still unknown.
Then there’s the question of which product would actually be using this SKU. At the time of writing, there is still no official word from Intel.
(Source: X86 is dead&back via X, Videocardz, PassMAr)