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Intel Shares Drop Almost 6% on Disappointing Guidance, Job Cuts
UNITED STATES, JUL 24 – Intel forecasts Q3 revenue between $12.6 billion and $13.6 billion and plans a 15% workforce reduction amid operational challenges and plant closures in Europe.
- July 24, 2025, Intel Corp. updated its Q3 guidance, forecasting $12.6 billion to $13.6 billion in revenue and a 24-cent loss versus estimates.
- Reporting flat growth recently, Intel reported $12.9 billion in sales but a $2.9 billion loss, citing an $800 million impairment charge.
- As part of its restructuring plan, Intel is cutting jobs and Intel said it is laying off 15% under CEO Lip Bu Tan, trimming headcount to 75,000 and closing plants in Germany and Poland.
- Shares later rose 2.34% in after-hours trading, Intel’s management team scheduled an earnings call at 5 p.m. ET and shares later increased, Benzinga Pro reported.
- Lip Bu Tan outlined long-term strategy, planning to regain data center chip market share and find a permanent business leader, and will personally review all chip designs before tape-out.
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Intel shares drop almost 6% on disappointing guidance, job cuts
Shares of Intel were down 5.8% in Frankfurt on Friday after the company said it expects steeper losses than Wall Street forecasts in the third quarter and announced plans to slash jobs.Read MoreThe post Intel shares drop almost 6% on disappointing guidance, job cuts first appeared on The Who Dat Daily.
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Intel (NASDAQ:INTC) Updates Q3 2025 Earnings Guidance
Intel (NASDAQ:INTC) updated its third quarter 2025 earnings guidance. The company provided EPS guidance of 0.000-0.000 for the period, compared to the consensus estimate of 0.041. The company also issued revenue guidance of $12.6 billionillion-$13.6 billionillion, compared to the consensus estimate of $12.6 billionillion.
Coverage Details
Total News Sources12
Leaning Left2Leaning Right0Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 29%
C 71%
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