Intel Corporation (INTC) Releases Q2 Financial Results; Beats Revenue Expectations
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Intel Corporation (INTC) Releases Q2 Financial Results; Beats Revenue Expectations
Intel Corporation (NASDAQ:INTC) has already laid off 15% of its workforce, with plans to end the year with approximately 75,000 employees. The CEO expects a revenue of $13.1 billion for Q3, with the goal of breaking even as it regains market share. The company’s foundry business remains a challenge as it posted a $3.17 billion loss. It is one of the best ESG stocks.
Intel Corporation (INTC) Releases Q2 Financial Results; Beats Revenue Expectations
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On July 24, 2025, Intel Corporation (NASDAQ:INTC) reported its financial performance for Q2, surprising Wall Street with a revenue of $12.86 billion that beat estimates of $11.92 billion. However, the company reported a net loss of $2.9 billion. Lip-Bu Tan, Intel’s new CEO, spoke about the company’s ongoing sweeping changes, including major layoffs and a sharp cutback in chip factory expansion, aimed at enhancing competitiveness and managing capital allocation more efficiently.
According to the CEO, Intel Corporation (NASDAQ:INTC) has already laid off 15% of its workforce, with plans to end the year with approximately 75,000 employees. Furthermore, planned chip factory projects in Germany and Poland have been halted, while the construction of the cutting-edge factory in Ohio will be slowed down, depending on the market demand and if big customers for the facility can be secured. Meanwhile, the company’s foundry business remains a challenge as it posted a $3.17 billion loss.
Intel Corporation (NASDAQ:INTC) reported a slight dip in its PC chip sales and a 4% increase in its data center revenue. The CEO expects a revenue of $13.1 billion for Q3, with the goal of breaking even as it regains market share.
Intel Corporation (NASDAQ:INTC) designs and manufactures computing products for tech companies worldwide. It is one of the best ESG stocks.
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Source: https://finance.yahoo.com/news/intel-corporation-intc-releases-q2-142005721.html