Intel (INTC) Q1 2025

Intel I mentioned The results of the first quarter On Thursday, which won the estimates of analysts, with disappointing guidelines and declaring plans to reduce expenditures next year, the first under his lips is the CEO. The stock decreased in extended trading.

Here is what the company did, in exchange for the estimates of the consensus of LSEG:

• Arrow’s profits: 13 cents, modified for 1 percent
• profit: 12.67 billion dollars compared to $ 12.3 billion, estimated

Intel said it expected the revenues of the current quarter of $ 11.8 billion in the middle of the range, less than the estimation of the medium analyst of $ 12.82 billion. The company said the profits will be multiple, while analysts were looking for a profit of 6 cents per share.

Intel said its guidelines in the second quarter reflect the high uncertainty led by the total environment.

“Interesting the profits with analysts has increased,” said Intel Cfo David Zinsner in inviting profits with analysts.

For the first quarter, Intel recorded a net loss of $ 800 million, or 19 cents per share, due to the high sales costs and some deletions. This compares a net loss of $ 400 million, or 9 cents per share, In 2024.

It is the first profit report for the chip maker since Tan took over as CEO in March, after Bat Gilgringer stepped in December under pressure from the members of the Board of Directors and investors. The duration of Gilgringer was highlighted by the company’s inability to compete effectively in artificial intelligence and its efforts to move 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 reforms as we work to return to the path of market share and sustainable growth,” Tan said in a statement.

Intel said she plans to reduce operational and capital expenses, and remove management layers, in order to become more efficient. The company said that it expects $ 17 billion of operating expenditures in 2025, a decrease from a previous goal of $ 17.5 billion, and that it will target 18 billion dollars of capital expenditures in 2025, a decrease from a previous goal of $ 20 billion.

Intel said it did not include a restructuring fee in its guidance. Zinsner Christina Bannsifenfilus of CNBC told CNBC that low operating expenses would include job discounts, especially for managers, but Intel has not yet ended in the number of discounts.

“There is no way about the fact that these critical changes will reduce the size of our workforce,” Tan said in an employee note on Intel. He said that the cuts will start this quarter.

Intel Hope Tan investors hope to wander in a company that loses its market share in its basic processor business and is not competitive for artificial intelligence chips with it. NafidiaWhich dominates the sector of rapidly growing.

Tan has already started forming his team, as the president of networks last week, Sashin Katie, was the chief technology employee and head of Amnesty International, leading to the total strategy plans for the spontaneous organization in Intel. Tan said in a memorandum on Thursday that Intel staff will have to work four days a week in the office by September.

Intel’s Data Center Group reported $ 4.1 billion sales, an increase of 8 % over the previous year. Intel said it has merged the computing and computing networks group, which was previously led by Katti in its data center.

Other large companies of the company, personal computers chips, under the customer computing group were reported. Revenue decreased by 8 % year on an annual basis to $ 7.6 billion.

Intel Founding Founder Business has recorded $ 4.7 billion in revenue, although most sales come from other Intel sections to manufacture their chips.

He watches: Intel shares stumbled at high uncertainty