Intel (INTC) Q1 2025 income report

Intel report The results of the first quarter On Thursday, which won the assessment of analysts, while releasing disappointing recommendations and announcing the plans to reduce the costs next year, the first as part of the Lip-BU Tan CEO. The action fell in extended bidding.

Here’s how the company did, compared to the LSEG consensus estimate:

• Profit per share: 13 cents adjusted against 1 percent calculated
• Income: 12.67 billion dollars against $ 12.3 billion estimated

Intel said he was expecting a $ 11.8 billion revenue in the middle of the range, lower than the average analyst estimate of $ 12.82 billion. The company said the profits would be Breakeven, while analysts were looking for a 6 cents per share.

Intel said that in the second quarter the leadership reflected the increased uncertainty caused by the macro-ass.

“Fluid policy itself in the US and abroad, as well as regulatory risk increased the likelihood of economic slowdown, and the likelihood of growing recession,” said Intel Financial Director David Zinnsner for profit with analysts.

In the first quarter, Intel reported a net loss of $ 800 million, or 19 cents per share, due to higher sales costs and some writing. This is compared with a net loss of $ 400 million, or 9 cents per share, In 2024.

This is the first report on the profits of the manufacturer of the chips because Tan took the post of CEO in March, after Pat Helinger left the post under pressure from the board and investors. Staying Gelsinger has been noted by the company’s inability to compete effectively in artificial intelligence and its efforts to go into semiconductor production for other companies, including competitors.

“The first quarter was a step in the right direction, but there are no quick fixes when we work to return to the way to gain market share and sustainable growth,” Tan said in a statement.

Intel said he plans to cut operating and capital costs by removing the control layers to become more effective. The company said it expected that in 2025 the operative expenses of $ 17 billion, which is $ 17.5 billion compared to the previous target, and that it would be focused on $ 18 billion in 2025, which is $ 20 billion compared to the previous target.

Intel said he did not include his restructuring fees. Zinsner Speaking that CNBC by Cristina PartSinevelos, that the reduction of operating costs will include job cuts, especially for executives, but Intel has not yet finalized the number of cuts.

“There is no opportunity around the fact that these critical changes will reduce the size of our labor,” said Tan in a note to employees published on Intel. He said the cuts would start in this quarter.

Intel Investors hopes Tan may turn around a company that loses market share in its main processors and not competitive in AI chips with Nvidiawhich dominates the fast -growing sector.

Tan has already begun to form his team, last week called the chief chief of the Sachin Katie networks to become the main director of technology and the head of AI, the leading overall AI strategy and the production plans of Intel products. On Thursday, Tang said in Intel, by September, Intel should work four days a week in the office.

A group of Intel data centers reported $ 4.1 billion, which is 8% more than a year earlier. Intel said it combined its network and Edge Computing Group, previously headed by Katie, into her organization of the data center.

Another large business company, PC chips, reported in the client computing group section. Revenue decreased by 8% annually to $ 7.6 billion.

Intellasian -growing false business reported a profit of $ 4.7 billion, although most of these sales are from other Intel units to make its chips.

See: Intel stock stumbles upon increased uncertainty