Headquarters of Intel Corporations in Santa Clara, California, April 23, 2025.
David Paul Morris | Bloomberg | Getty images
Intel He informed the results of the first quarter on Thursday that overcame the estimates of the analysts, while issuing a disappointing orientation and announced plans to reduce expenses in next year, the first one under the Lip-Bu CEO Tan. The action fell into extended operations.
This is how the company did, versus esteem of consensus of LSE:
- Profit per action: 13 tight cents compared to 1 expected penny
- Revenue: $ 12.67 billion compared to $ 12.3 billion expected
Intel said he expects income for the current quarter of $ 11.8 billion at the midpoint of the range, lower than the average estimate of analysts of $ 12.82 billion. The company said the profits will be equilibrium, while analysts were looking for profits or 6 cents per share.
Intel said his second quarter guide reflected a high uncertainty promoted by the macro environment.
“Very fluid commercial policies in the United States and beyond, as well as regulatory risks, have increased the possibilities of an economic deceleration, with the probability that a recession growing,” said Intel’s financial director David Zincer, with analysts.
For the first quarter, Intel reported a loss or $ 800 million, or 19 cents per share, due to the highest sales costs and some writings. That compares with a net loss or $ 400 million, or 9 cents per share, in 2024.
It is the first gain report of the chips manufacturer from such Tok as CEO in March, after Pat Gels renounced in December under the pressure of the Members of the Board and investors. Gelsinger’s possession was highlighted by the company’s inability to compete in cash in artificial intelligence and its efforts to move on to the manufacture of semiconductors for other companies, including competitors.
“The first quarter was a step in the right direction, but there are no quick solutions while we work to return to a market share and boost sustainable growth,” he said so in a statement.
Intel said it plans to reduce operating and capital expenses, eliminating management layers, to be more efficient. The company said he expects $ 17 billion in operating expenses in 2025, below an earlier objective of $ 17.5 billion, and will be headed for $ 18 billion in capital expenses in 2025, below an earlier objective of $ 20 billion.
Intel said he has not included restructuring positions in his guide. Sage He told Kristina Partsinevelos de CNBC that the reduction in operating expenses would include employment cuts, especially for managers, but that Intel has not yet finished the amount of cuts.
“There is no way to avoid the fact that critical thesis changes will reduce the size of our workforce,” he said so in a memorandum to employees published on the Intel website. He said the cutter begins this quarter.
Intel investors expect a company to change that is losing market share in their central processing business and is not competitive in AI chips with Nvidiathat dominates the rapid growth sector.
He has already begun to shape his team, last week he appointed the head of Networks Sachin Katti to be the director of Technology and Chief of AI, leading the general strategy of Intel and the product release plans. He said in a memorandum on Thursday that Intel employees would have to work four days a week in the office in September.
Intel’s Data Center Group reported $ 4.1 billion in sales, 8% more than the previous year. Intel said he had his group of networks and edge computer science, previously directed by Katti, in his organization of data centers.
The other big business of the company, for PCs chips, is reported under the client’s computing group. Income fell 8% in an annual basic at $ 7.6 billion.
Intel’s flourishing Foundry business reported $ 4.7 billion in revenues, although most of those sales come from the other Intel divisions to manufacture their chips.
Look: Intel actions stumble upon high uncertainty
