SANTA CLARA, California – Intel Corporation (Nasdaq: INTC) has released its financial results for the first quarter of 2025.
While the numbers present flat revenue compared to last year, the emphasis is on a new strategic direction. Newly appointed CEO Lip-Bu Tan is implementing “swift actions” to improve execution, boost operational efficiency, and refocus on customer needs, aiming to revitalize Intel’s position in the market.
According to the announcement, for Q1 2025, the company saw an increase of 8% in their DCAI (Data Center and AI) segment, but down 8% in Client Computing. Overall, Net revenue was $12.7 million, which was roughly even with last year, but at the time of Q1, was considered a loss of 11%. Intel Foundry was up with 7%.
Among the strategic steps Intel is taking is reducing the number of managers in the business, allowing staff to be more empowered. As part of Intel’s ongoing effort to streamline its business, the company also announced adjustments to its financial targets. Non-GAAP operating expenses are now targeted at $17 billion for 2025 and $16 billion in 2026. Intel also reports that it is reducing budget for capital expenditures. Gross capital expenditures are pegged at around $ 18 billion.
For the coming year, the business has forecast earnings to be in the range of $11.2 – 12.4 million. But with new Intel® Xeon® 6 technology, Intel also is demonstrating a good position in AI Performance.
The company will also sell a 51% stake of its Altera business to Silver Lake, as well as having just completing the sale of its NAND business to SK Hynix.
Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, Intel continuously advances the design and manufacturing of semiconductors
If you click on a link and make a purchase we may receive a small commission. Learn more. All content on this site is provided with no warranties, express or implied. Use any information at your own risk. Privacy Policy.
Discover more from BITVoxy
Subscribe to get the latest posts sent to your email.
