Intel Corporation announced its second-quarter 2025 financial results, reporting revenue of $12.9 billion, flat year-over-year, and a GAAP earnings per share (EPS) loss of $(0.67). The company is implementing significant cost-cutting measures and restructuring to enhance efficiency and strengthen its financial position, with a focus on its core product portfolio and AI strategy.
Intel’s Q2 2025 revenue remained steady at $12.9 billion, aligning with strong demand and improved execution. However, the company reported a GAAP EPS loss of $(0.67), driven by $1.9 billion in restructuring charges, which reduced GAAP EPS by $(0.45). Additionally, $800 million in non-cash impairment charges and $200 million in one-time costs impacted both GAAP and non-GAAP EPS by $(0.23) and $(0.20), respectively. These charges, related to excess tools and operational adjustments, were not included in prior guidance.
“Our operating performance demonstrates the initial progress we are making to improve our execution and drive greater efficiency,” said Lip-Bu Tan, Intel CEO. “We are laser-focused on strengthening our core product portfolio and our AI roadmap to better serve customers.”
Intel is advancing a comprehensive restructuring plan to streamline operations and reduce costs. The company has completed most of its planned 15% workforce reduction, targeting a core workforce of approximately 75,000 employees by year-end. This led to $1.9 billion in restructuring charges in Q2, excluded from non-GAAP results. “Our results reflect solid demand across our business and good execution on our priorities,” said David Zinsner, Intel CFO.
To optimize its manufacturing footprint, Intel is scaling back planned projects in Germany and Poland and consolidating assembly and test operations from Costa Rica to Vietnam and Malaysia. The company also plans to slow construction in Ohio to align with market demand. These efforts support a reduced gross capital expenditure target of $18 billion for 2025, down from $20 billion.
Intel forecasts Q3 2025 revenue between $12.6 billion and $13.6 billion, with an expected GAAP EPS of $(0.24) and non-GAAP EPS of $0.00. The company remains on track to achieve $17 billion in non-GAAP operating expenses in 2025 and $16 billion in 2026, reflecting its commitment to financial discipline and long-term profitability.
Intel’s Q2 2025 results highlight progress in operational efficiency and strategic realignment, positioning the company to enhance its competitive stance in AI and foundry services while strengthening its balance sheet.
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