Companies /Technology

Intel Corp

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

Q2 2025 Earnings

Reported Jul 24, 2025, 4:04pm ET · SEC source
$-0.10
Miss −1,175.27%
EPS · est. $0.01
$12.9B
Beat +8.22%
Revenue · est. $11.9B
+16.4%
Beating market
INTC vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−15%−10%−5%0Jul 24Jul 25report 4:04pm ETearnings+0.5%−14.9%
−15%−10%−5%0Jul 24Jul 25earnings+0.5%−14.9%
INTC −14.9%S&P 500 +0.5%
−15%−10%−5%0Jul 24Jul 25report 4:04pm ETearnings+0.3%−14.8%
−15%−10%−5%0Jul 24Jul 25earnings+0.3%−14.8%
INTC −14.8%NASDAQ +0.3%
−12%−6%0+6%Jul 23Aug 1report 4:04pm ETearnings−2.0%−13.9%
−12%−6%0+6%Jul 23Aug 1earnings−2.0%−13.9%
INTC −13.9%S&P 500 −2.0%
−12%−6%0+6%Jul 23Aug 1report 4:04pm ETearnings−2.0%−13.9%
−12%−6%0+6%Jul 23Aug 1earnings−2.0%−13.9%
INTC −13.9%NASDAQ −2.0%
−8.53%
Day of report
−0.10%
Next session
−6.71%
One week
+17.63%
30 days

S&P 500 over the same 30 days: +1.27%.

Did INTC Beat Earnings? Q2 2025 Results

Intel's second quarter told a split story: revenue came in at $12.86 billion, beating the $11.88 billion consensus by 8.22% and holding essentially flat year-over-year, yet the company posted an adjusted loss of $0.10 per share against an expected gain of roughly $0.01, a miss of more than 1,175%. The culprit was a wave of one-time charges — $1.90 billion in restructuring costs tied to a 15% workforce reduction, roughly $800 million in non-cash impairment and accelerated depreciation on excess tools, and $200 million in additional period costs — that collectively overwhelmed the operating picture. CEO Lip-Bu Tan framed the quarter as early evidence of improved execution, pointing to Intel 18A production wafers now running in Arizona and Panther Lake on track to ship this year, even as rival CPU share gains from AMD underscore the competitive pressure Intel faces. Looking ahead, Intel guided Q3 revenue of $12.60 billion to $13.60 billion with non-GAAP EPS at breakeven, suggesting investors should watch whether the <a href="https://247wallst.com/investing/2025/10/23/intel-shares-surge-8-after-q3-earnings-everything-you-need-to-know/">turnaround gains traction</a> in the coming quarters.

Key Takeaways
  • Solid demand across the business
  • DCAI revenue up 4% YoY driven by data center and AI demand
  • Restructuring actions reducing operating expenses — non-GAAP R&D and MG&A down 13% YoY
  • Gains on equity investments of $502 million partially offset operating losses

“Our operating performance demonstrates the initial progress we are making to improve our execution and drive greater efficiency. We are laser-focused on strengthening our core product portfolio and our AI roadmap to better serve customers. We are also taking the actions needed to build a more financially disciplined foundry. It's going to take time, but we see clear opportunities to enhance our competitive position, improve our profitability and create long-term shareholder value.”

Intel CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2025, Intel is guiding revenue of $12.6 billion to $13.6 billion, with GAAP gross margin of 34.1% and non-GAAP gross margin of 36.0%. GAAP EPS is expected at $(0.24) and non-GAAP EPS at $0.00. The company targets $17 billion in non-GAAP operating expenses for full-year 2025 and $16 billion for 2026. Gross capital expenditures are targeted at $18 billion for 2025, with net capital expenditures of $8 billion to $11 billion after government incentives and partner contributions.

INTC YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$-9,000,000,000$0$9.0B$12.8B$12.9BRevenue$4.5B$3.5BGross Profit$-8,294,593,889$-3,176,000,000Operating Income$-15,554,371,002$-2,918,000,000Net Income
$-9,000,000,000$0$9.0BRevenueGross ProfitOperating IncomeNet Income

INTC Revenue by Segment

Client Computing Group (CCG)$7.9B−3.0%
Data Center and AI (DCAI)$3.9B+4.0%
Intel Foundry$4.4B+3.0%
All Other$1.1B+20.0%

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