Intel

INTC Q1 2025 Earnings

Reported Apr 24, 2025 at 4:05 PM ET · SEC Source

Q1 25 EPS

$0.13

BEAT +2,788.89%

Est. $0.00

Q1 25 Revenue

$12.67B

BEAT +2.88%

Est. $12.31B

vs S&P Since Q1 25

+357.5%

BEATING MARKET

INTC +388.3% vs S&P +30.9%

Market Reaction

Did INTC Beat Earnings? Q1 2025 Results

Intel kicked off 2025 with a headline earnings beat that masked a company still deep in restructuring, as new CEO Lip-Bu Tan signaled there are "no quick fixes" ahead. On a non-GAAP basis, Intel earned $0.13 per diluted share in Q1 2025, clearing a n… Read more Intel kicked off 2025 with a headline earnings beat that masked a company still deep in restructuring, as new CEO Lip-Bu Tan signaled there are "no quick fixes" ahead. On a non-GAAP basis, Intel earned $0.13 per diluted share in Q1 2025, clearing a near-breakeven consensus estimate of $0.00 by 2788.89%, while revenue of $12.67 billion edged past the $12.31 billion Wall Street expected, though it remained essentially flat, slipping 0.5% from a year earlier. The more telling story lived beneath the headline: GAAP gross margin contracted to 36.9% from 41.0% a year ago, and Intel Foundry, despite 7% revenue growth to $4.67 billion, continued to absorb operating losses of $2.32 billion. Headcount has fallen to 102,600 from 125,200 a year prior, with further layoffs expected in Q2. Looking ahead, Intel guided Q2 revenue of $11.20 billion to $12.40 billion with non-GAAP EPS of $0.00, reflecting what CFO Zinsner called "elevated uncertainty across the industry," even as Intel 18A process technology is slated to ramp in the second half of 2025.

Key Takeaways

  • DCAI revenue grew 8% YoY driven by data center and AI demand
  • Operating expense reduction — GAAP R&D and MG&A fell 19% YoY to $4.8 billion
  • Intel Foundry revenue grew 7% YoY
  • CCG revenue declined 8% YoY
24/7 Wall St

INTC YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

INTC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“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.”

— Lip-Bu Tan, Q1 2025 Earnings Press Release