Intel's earnings call highlighted a solid start to the fiscal year with revenue and EPS exceeding guidance, driven by strong sales of Xeon and Raptor Lake processors. The company is implementing strategic cost reductions and a cultural transformation under new leadership. However, macroeconomic uncertainties, ongoing losses in the foundry segment, capacity constraints, and competitive pressures present significant challenges moving forward.

Company Guidance

During the Intel Corporation First Quarter 2025 Earnings Conference Call, guidance was provided for the second quarter and beyond. The company reported first-quarter revenue of $12.7 billion, exceeding guidance, driven by better-than-expected Xeon sales. Non-GAAP gross margin came in at 39.2%, surpassing the guidance of 36% due to stronger-than-expected demand for Raptor Lake products. Earnings per share for the first quarter were 13¢, compared to a breakeven guidance. For the second quarter, Intel provided a revenue range of $11.2 to $12.4 billion, with a gross margin estimate of 36.5% and breakeven EPS, citing macroeconomic uncertainties and potential tariff impacts. The company also outlined OpEx targets of $17 billion for 2025 and $16 billion for 2026, alongside a revised CapEx target of $18 billion for 2025, aiming to drive operational efficiencies and reduce costs.

Revenue and EPS Exceed Guidance

Intel reported first-quarter revenue of $12.7 billion, which was at the high end of their guidance range, driven by better-than-expected Xeon sales. Earnings per share were 13¢, above the guidance of breakeven EPS.

Cost Reduction Initiatives

The company announced plans to reduce operating expenses to $17 billion in 2025 and $16 billion in 2026, driven by simplification efforts and restructuring.

Positive Feedback on New Leadership

CEO Lip Bu Tan outlined strategic priorities to transform Intel’s culture, improve decision-making, and focus on innovation, with a particular emphasis on AI and foundry services.

Strong Cash Position

Intel ended the quarter with a cash balance of $21 billion and received $1.1 billion from CHIPS grants and $1.9 billion from the sale of its NAND business.

Strong Demand for Raptor Lake

Higher-than-expected sales of Raptor Lake processors contributed positively to the gross margin, with the mix being beneficial to Intel's financial performance.

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Intel (CH:INTC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CH:INTC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 24, 2025	2025 (Q2)	<0.01 / -	0.017	―	―	―
Apr 24, 2025	2025 (Q1)	<0.01 / 0.11	0.149	-27.78% (-0.04)
Jan 30, 2025	2024 (Q4)	0.10 / 0.11	0.447	-75.93% (-0.34)
Oct 31, 2024	2024 (Q3)	-0.02 / -0.38	0.34	-212.20% (-0.72)
Aug 01, 2024	2024 (Q2)	0.08 / 0.02	0.108	-84.62% (-0.09)
Apr 25, 2024	2024 (Q1)	0.11 / 0.15	-0.033	550.00% (+0.18)
Jan 25, 2024	2023 (Q4)	0.37 / 0.45	0.083	440.00% (+0.36)
Oct 26, 2023	2023 (Q3)	0.18 / 0.34	0.489	-30.51% (-0.15)
Jul 27, 2023	2023 (Q2)	-0.03 / 0.11	0.24	-55.17% (-0.13)
Apr 27, 2023	2023 (Q1)	-0.14 / -0.03	0.72	-104.60% (-0.75)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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CH:INTC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 24, 2025	CHF34.40	CHF34.40	0.00%
Jan 30, 2025	CHF34.40	CHF34.40	0.00%
Oct 31, 2024	CHF34.40	CHF34.40	0.00%
Aug 01, 2024	CHF34.40	CHF34.40	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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