From CNBC: 2025-04-24 16:15:00

Intel reported first-quarter earnings that beat estimates but issued disappointing guidance. The company plans to cut expenses, with a net loss of $800 million for the quarter. New CEO Lip-Bu Tan aims to improve market share and growth. Intel will reduce operational and capital expenses, targeting $17 billion and $18 billion respectively. Data center sales were up 8%, while PC chip sales fell 8%.



Read more at CNBC:: Intel (INTC) Q1 2025 earnings report