Summary
Intel Corporation (INTC) reported its second quarter and first half 2025 financial results, demonstrating resilience in revenue while facing significant impacts from restructuring charges and investments in future technologies. Despite a slight revenue increase year-over-year for the quarter, the company incurred a substantial net loss, largely due to elevated restructuring and other charges, including asset impairments related to manufacturing capacity rationalization. This quarter also saw strategic moves, including the announced sale of a controlling stake in Altera and progress in its foundry business, underscoring Intel's ongoing transformation. Despite the reported net loss, investors should note the company's continued investment in its leading-edge process technology roadmap, specifically Intel 18A and the development of Intel 14A, though the economic viability of the latter remains dependent on securing external customers. The company's liquidity position remains strong, supported by cash flows from operations and existing credit facilities, alongside anticipated government incentives. Key business segments like Client Computing Group (CCG) and Data Center and AI (DCAI) showed varied performance, with CCG facing headwinds from reduced customer incentives and DCAI benefiting from hyperscale demand, indicating a mixed but dynamic operational landscape.
Financial Highlights
50 data points| Revenue | $12.86B |
| Cost of Revenue | $9.32B |
| Gross Profit | $3.54B |
| R&D Expenses | $3.68B |
| SG&A Expenses | $1.14B |
| Operating Expenses | $6.72B |
| Operating Income | -$3.18B |
| Net Income | -$2.92B |
| EPS (Basic) | $-0.67 |
| EPS (Diluted) | $-0.67 |
| Shares Outstanding (Basic) | 4.37B |
| Shares Outstanding (Diluted) | 4.37B |
Key Highlights
- 1Total net revenue for Q2 2025 was approximately $12.86 billion, showing a slight increase from $12.83 billion in Q2 2024, indicating revenue stability.
- 2The company reported a significant net loss attributable to Intel of $2.92 billion ($0.67 loss per diluted share) for Q2 2025, a widening from the $1.61 billion loss ($0.38 loss per diluted share) in Q2 2024, largely due to substantial restructuring and other charges.
- 3Restructuring and other charges significantly increased to $1.89 billion in Q2 2025 from $0.94 billion in Q2 2024, driven by the new 2025 Restructuring Plan and ongoing 2024 initiatives.
- 4Intel Foundry reported an operating loss of $3.17 billion for Q2 2025, an increase from $2.80 billion in Q2 2024, impacted by non-cash asset impairment and accelerated depreciation charges of $797 million.
- 5The company has entered into an agreement to sell a 51% stake in its Altera subsidiary, expected to close in the second half of 2025, which will result in the deconsolidation of Altera.
- 6Intel's balance sheet shows total assets of $192.5 billion and total liabilities of $192.5 billion as of June 28, 2025, with total debt standing at $50.8 billion.
- 7Cash and cash equivalents increased to $9.64 billion as of June 28, 2025, from $8.25 billion at the end of 2024, while net cash provided by operating activities for the first six months of 2025 was $2.86 billion, an improvement from $1.07 billion in the prior year period.