Catenaa, Friday, April 25, 2025- Intel Corporation posted a revenue of $12.7 billion, flat year-over-year in the first quarter, and offers a gloomy outlook for the next quarter with reduced revenue expectation.
Intel on Thursday said that its first quarter earnings per share was recorded at $0.13 beating market estimate of $0.12.
The chipmaker forecasts a revenue of $11.2 billion-$12.4 billion for the second quarter as the company is undergoing restructure under new CEO Lip-Bu Tan.
“The first quarter was a step in the right direction, but there are no quick fixes as we work to get back on a path to gaining market share and driving sustainable growth,” Tan said.
He said that he is taking swift actions to drive better execution and operational efficiency while empowering Intel’s engineers to create great products. “We are going back to basics by listening to our customers and making the changes needed to build the new Intel.”
Therefore, with the announcement of initiative to drive improved execution and operational efficiency, the chipmaker is expecting operating expenses to be at $17 billion 2025 and $16 billion in 2026.
Operating expenses include research and development (R&D), and marketing, general and administrative (MG&A).
Intel is taking actions to drive better, more efficient execution across the business. The plan includes streamlining the organization, eliminating management layers and enabling faster decision-making.
“In taking these actions, Intel will focus on empowering engineering talent to create great products and driving greater accountability across the company while making it easier for customers to do business with Intel,” the company said in a statement.
Intel stock was down by over 7.3% on Friday after the gloomy outlook it offered on the company.
