Companies /Technology

Intel Corp

NASDAQ: INTC Semiconductors
$91.67
▲ $1.62 (+1.80%) today
Markets closed · 9:29am ET

Q1 2025 Earnings

Reported Apr 24, 2025, 4:05pm ET · SEC source
$0.13
Beat +2,788.89%
EPS · est. $0.00
$12.7B
Beat +2.88%
Revenue · est. $12.3B
−5.1%
Trailing market
INTC vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%+6%Apr 24Apr 25report 4:05pm ETearnings+0.6%−1.1%
−3%0+3%+6%Apr 24Apr 25earnings+0.6%−1.1%
INTC −1.1%S&P 500 +0.6%
−3%0+3%+6%Apr 24Apr 25report 4:05pm ETearnings+1.0%−1.1%
−3%0+3%+6%Apr 24Apr 25earnings+1.0%−1.1%
INTC −1.1%NASDAQ +1.0%
−3%0+3%+6%Apr 23May 2report 4:05pm ETearnings+3.6%+1.8%
−3%0+3%+6%Apr 23May 2earnings+3.6%+1.8%
INTC +1.8%S&P 500 +3.6%
−3%0+3%+6%Apr 23May 2report 4:05pm ETearnings+4.5%+1.8%
−3%0+3%+6%Apr 23May 2earnings+4.5%+1.8%
INTC +1.8%NASDAQ +4.5%
−6.70%
Day of report
+2.29%
Next session
+2.84%
One week
+1.60%
30 days

S&P 500 over the same 30 days: +6.74%.

Did INTC Beat Earnings? Q1 2025 Results

Intel kicked off 2025 with a headline earnings beat that masked a company still deep in restructuring, as new CEO Lip-Bu Tan signaled there are "no quick fixes" ahead. On a non-GAAP basis, Intel earned $0.13 per diluted share in Q1 2025, clearing a near-breakeven consensus estimate of $0.0045 by 2788.89%, while revenue of $12.67 billion edged past the $12.31 billion Wall Street expected — though it remained essentially flat, slipping 0.5% from a year earlier. The more telling story lived beneath the headline: GAAP gross margin contracted to 36.9% from 41.0% a year ago, and Intel Foundry, despite 7% revenue growth to $4.67 billion, continued to absorb operating losses of $2.32 billion. Headcount has fallen to 102,600 from 125,200 a year prior, with further layoffs expected in Q2. Looking ahead, Intel guided Q2 revenue of $11.20 billion to $12.40 billion with non-GAAP EPS of $0.00, reflecting what CFO Zinsner called "elevated uncertainty across the industry," even as Intel 18A process technology is slated to ramp in the second half of 2025.

Key Takeaways
  • DCAI revenue grew 8% YoY driven by data center and AI demand
  • Operating expense reduction — GAAP R&D and MG&A fell 19% YoY to $4.8 billion
  • Intel Foundry revenue grew 7% YoY
  • CCG revenue declined 8% YoY

“The first quarter was a step in the right direction, but there are no quick fixes as we work to get back on a path to gaining market share and driving sustainable growth.”

Intel CEO, on the earnings call

Forward Guidance & Outlook

Intel guided Q2 2025 revenue of $11.2 billion to $12.4 billion, with GAAP gross margin of 34.3% and non-GAAP gross margin of 36.5%. GAAP EPS is expected at $(0.32) and non-GAAP EPS at $0.00. The company cited elevated macro uncertainty across the industry reflected in the outlook. Intel is targeting non-GAAP operating expenses of approximately $17 billion in 2025 (down from $17.5 billion previously) and $16 billion in 2026. Gross capital expenditures are being reduced to $18 billion for 2025 (from $20 billion), with net capital expenditures of $8 billion to $11 billion. Intel 18A is expected to ramp in the second half of 2025, supporting the launch of the first Panther Lake SKU by year-end with additional SKUs in H1 2026.

INTC YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$4.0B$8.0B$12.0B$12.7B$12.7BRevenue$5.2B$4.7BGross Profit$-175,162,942$-301,000,000Operating Income
$0$4.0B$8.0B$12.0BRevenueGross ProfitOperating Income

INTC Revenue by Segment

Client Computing Group (CCG)$7.6B−8.0%
Data Center and AI (DCAI)$4.1B+8.0%
Intel Foundry$4.7B+7.0%
All Other$943.0M+47.0%

Figures from SEC filings and company reports. Not investment advice.