Intel beats by $0.12, beats on revs; guides Q2 EPS below consensus, revs below consensus
4:04 PM ET 4/24/25 | Briefing.com
Reports Q1 (Mar) earnings of $0.13 per share, excluding non-recurring items, $0.12 better than the FactSet Consensus of $0.01; revenues fell 0.4% year/year to $12.67 bln vs the $12.3 bln FactSet Consensus. Co issues downside guidance for Q2, sees EPS of $0.00, excluding non-recurring items, vs. $0.07 FactSet Consensus; sees Q2 revs of $11.2-12.4 bln vs. $12.82 bln FactSet Consensus.Co added, "The current macro environment is creating elevated uncertainty across the industry, which is reflected in our outlook. We are taking a disciplined and prudent approach to support continued investment in our core products and foundry businesses while maximizing operational cost savings and capital efficiency."Co is reducing its non-GAAP operating expense target to approximately $17 billion in 2025, down from its previously stated goal of $17.5 billion, and is now targeting $16 billion in 2026. Operating expenses include research and development (R&D), and marketing, general and administrative (MG&A). Additionally, further operational efficiencies and better utilization of construction-in-progress assets allow Intel to reduce its gross capital expenditures target to $18 billion for 2025, down from the company's previous target of $20 billion, while still expecting net capital expenditures of approximately $8 billion to $11 billion.Co will continue to focus investment in its core business as it drives operational efficiency. |
