US Edition
Intel Shares Slide on Quarterly Loss, Foundry Business Exit Risk
SANTA CLARA COUNTY, CALIFORNIA, JUL 25 – Intel posted a $2.9 billion net loss driven by a 24% workforce reduction and restructuring charges despite $12.9 billion revenue beating expectations, CFO said.
- On Friday, Intel Corporation reported revenue of $12.9 billion and a GAAP net loss of $2.9 billion for second quarter 2025.
- The company said broad restructuring costs, noting $1.9 billion in restructuring charges and impairments and $200 million in one-time costs.
- Guidance for Q3 shows Intel expects revenue of $12.6–$13.6 billion and an EPS loss of $0.24, according to the company's outlook.
- Shares slid, as Intel shares declined 5% in premarket trading, and analysts questioned the turnaround strategy.
- Intel plans its resource allocation, with future foundry builds hinging on customer commitments for 18A and 14A processes.
15 Articles
15 Articles
Intel to slash 22% of workforce as CEO tightens spending | Honolulu Star-Advertiser
Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue “no more blank checks.” The job cuts — a majority of which have been completed already — are part of an effort by Tan since he took the helm in March to turn around the storied U.S. chipmaker.
Intel shares slide on quarterly loss, foundry business exit risk
Intel shares fell 5 per cent in premarket trading on Friday after the chipmaker forecast steeper-than-expected quarterly losses and warned of a potential exit from its foundry business despite new CEO Lip-Bu Tan's turnaround plans.Tan on Thursday hinted at departing from ex-CEO Pat Gelsinger's core strategy,
Intel Eyes Aggressive 2026 CapEx Cuts After 'Excessive' Spending: 'We Will Build What Customers Need, When They Need It,' Says CEO Lip-Bu Tan - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), Intel (NASDAQ:INTC)
Intel plans for aggressive CapEx cuts in 2026, as CEO Lip-Bu Tan prioritizes demand-driven investments over "unwise and excessive" spending.
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