Intel Corp (NASDAQ:INTC, ETR:INL) reported mixed earnings for the second quarter, with revenue ahead of Wall Street estimates as profits were impacted by one-time charges. Revenue for the quarter was $12.9 billion, flat year-over-year and above estimates of $11.87 billion.
The Santa Clara, Calif.-based chipmaker disclosed the layoff goals as it forecast steeper third-quarter losses than Wall Street estimates.
Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as new CEO Lip-Bu Tan announced significant cuts in chip factory construction. In a memo to employees, Tan said that the first few months of his tenure had "not been easy.
The American chip-making giant is facing a strategic crossroads as it chases rivals like Nvidia and TSMC in the global silicon boom.
Intel Corp (NASDAQ:INTC, ETR:INL) is expected to report better-than-anticipated second-quarter results after the bell tonight, helped by tariff-related pull-ins and a favorable product mix, according to Bank of America analysts. “Q2 CPU [is] likely in-line to better on tariff related pull-ins,” the analysts wrote, though they cautioned that second-half results could disappoint as those benefits unwind.
While Intel's (INTC) earnings for the quarter aren't expected to bring fireworks, Marley Kayden says investors will be laser-focused on the company's path forward. She notes commentary from CEO Lip-Bu Tan and how he plans to lead the company out of a deficit will be what drive shares.
A federal judge dismissed a lawsuit accusing Intel of defrauding shareholders by concealing problems in a business where it manufactured chips for outside customers, leading to a $32 billion one-day plunge in its market value.
Showing signs of a comeback, Intel (INTC) stock has started to rebound and is up +15% in 2025, with the chip giant's much-anticipated Q2 results approaching after-market hours on Thursday, July 24.
Intel is losing market share at an accelerated pace in its core markets of servers and CPUs. The company is growing at a woefully slow pace, versus competitors. Management is focused on cost-cutting, margin improvement, and reduction of cash burn. These are small positives, but not enough to offset its poor revenue performance. Valuation is elevated relative to historical norms, which is unwarranted, given deteriorating earnings fundamentals.
Intel's foundry pivot has led to massive losses, negative free cash flow, and operational setbacks, making a turnaround highly uncertain. Despite AI tailwinds, Intel's technological lag, poor yield rates, and costly strategic missteps have eroded its industry leadership and investor trust. The company's financial health is strained, with dividend cuts, halted buybacks, and a sky-high forward PE reflecting distress, not growth.
Investors will be questioning the chip maker's strategy for the future more than worrying about its second quarter earnings results, Bernstein analysts say
Beyond analysts' top-and-bottom-line estimates for Intel (INTC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2025.