Intel misses by $0.11, beats on revs; guides Q3 EPS below consensus, revs above consensus; On track to achieve $17 billion non-GAAP operating expense target for 2025
4:07 PM ET 7/24/25 | Briefing.com
Reports Q2 (Jun) loss of $0.10 per share, excluding non-recurring items, $0.11 worse than the FactSet Consensus of $0.01; revenues rose 0.5% year/year to $12.86 bln vs the $11.97 bln FactSet Consensus.Client Computing Group (CCG) revenue of $7.9 billion, down 3%.Data Center and AI (DCAI) revenue of $3.9 billion, up 4%.Intel Foundry $4.4 billion, up 3%.On track to achieve $17 billion non-GAAP operating expense target for 2025: Intel has completed the majority of the planned headcount actions it announced last quarter to reduce its core workforce by approximately 15%. These changes are designed to create a faster-moving, flatter and more agile organization.Improving capital efficiency; driving to gross capital expenditures of $18 billion for 2025: Intel is taking action to optimize its manufacturing footprint and drive greater returns on invested capital. As part of this effort, Intel will no longer move forward with planned projects in Germany and Poland. The company also intends to consolidate its assembly and test operations in Costa Rica into its larger sites in Vietnam and Malaysia. In addition, Intel will further slow the pace of construction in Ohio to ensure spending is aligned with market demand.Co issues mixed guidance for Q3, sees EPS of $0.00, excluding non-recurring items, vs. $0.04 FactSet Consensus; sees Q3 revs of $12.6-$13.6 bln vs. $12.66 bln FactSet Consensus. |
