Intel's Q1 Financial Performance

Intel Corporation disclosed its first-quarter financial results for fiscal year 2025, revealing a revenue of $12.7 billion, mirroring the previous year's figures. Despite the steady revenue, the company faced a net loss of $0.8 billion, a significant downturn from the $0.4 billion loss in Q1 of 2024.

Looking Ahead

The diluted loss per share (EPS) for the quarter was reported at $0.19, compared to $0.09 in the prior year. Intel forecasts a second-quarter revenue between $11.2-12.4 billion, with an expected loss per share of $0.32.

CEO's Statement

"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," stated CEO Lip-Bu Tan. He emphasized swift actions towards better execution, operational efficiency, and a customer-focused approach to rebuild Intel's foundation.

Market Reaction

Following the earnings report, Intel's shares experienced a 6.89% drop in after-hours trading, settling at $20.01 per share.