Intel Corporation (INTC) Q2 2025 Financial Results Summary

# Intel Corporation (INTC) Q2 2025 Financial Results Summary

SANTA CLARA, Calif., July 24, 2025 – Intel Corporation today reported its second-quarter 2025 financial results.

## Financial Highlights

– **Revenue:** $12.9 billion, flat year-over-year (YoY) compared to Q2 2024 ($12.8 billion).
– **Earnings:**
– GAAP loss per share (EPS) attributable to Intel was **$(0.67)**; a decline of **76%** from **$(0.38)** in Q2 2024.
– Non-GAAP EPS was **$(0.10)**, down from **$0.02** in Q2 2024.
– **Restructuring Charges:**
– $1.9 billion impacted GAAP EPS by **$(0.45)**.
– Impairments and one-time costs affected GAAP EPS by **$(0.23)** and **$(0.20)** respectively.
– **Forecast for Q3 2025:**
– Revenue estimated between **$12.6 billion** and **$13.6 billion**.
– Expected Q3 GAAP EPS of **$(0.24)** and non-GAAP EPS of **$0.00**.
– **Cash Generated from Operations:** $2.1 billion.

## Operational Efficiency and Workforce Management

– **Core Workforce Reduction:** Intel reduced its workforce by approximately **15%**, targeting a total of **75,000** employees by year-end 2025.
– **Cost Management Targets:**
– Non-GAAP operating expenses targeted at **$17 billion** for 2025, reduced from the previous plans.
– Gross capital expenditures planned at **$18 billion**.

## Financial Metrics Overview

## Business Unit Performance

– **Client Computing Group (CCG):**
– Revenue of **$7.9 billion**, down **3%** YoY.
– **Data Center and AI (DCAI):**
– Revenue of **$3.9 billion**, up **4%** YoY.
– **Total Intel Products Revenue:**
– $11.8 billion, down **1%** YoY.
– **Intel Foundry Revenue:**
– $4.4 billion, up **3%** YoY.
– **All Other Revenues:**
– $1.1 billion, up **20%** YoY.

## Key Developments

– Launched three new CPUs within the Intel® Xeon® 6 series aimed at AI workloads.
– Achieved production milestones for Intel 18A wafers.
– Sold shares of Mobileye, generating approximately **$922 million** for its balance sheet.
– Initiated changes in assembly operations to improve capital efficiency, consolidating in Vietnam and Malaysia.

## Shareholder Actions

– **Dividends and Share Repurchases:** No dividends were declared during this quarter, and there was no mention of any share repurchase program.

## Business Outlook

– For Q3 2025, projected gross margin percentages are estimated at **34.1%** GAAP and **36.0%** non-GAAP.
– The anticipated tax rate stands at **(23%)** for GAAP and **12%** for non-GAAP.

Intel continues adapting its operations to better respond to market demands, aiming for long-term profitability and shareholder value enhancement while experiencing significant voluntary and strategic changes within its workforce and capitalization strategies.

### Consolidated Condensed Statements of Operations and Other Information
(In Millions, Except Per Share Amounts; Unaudited)

### Consolidated Condensed Balance Sheets
(In Millions, Except Par Value; Unaudited)