From the Intel Q2 2025 Earnings, in summary
Revenue Beat, EPS Miss:
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Intel reported $12.9 billion in Q2 revenue (flat YoY), beating estimates ($12B). However, it posted an adjusted loss of $0.10 per share, missing expectations of a $0.01 gain.
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Heavy Restructuring Costs:
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$1.9 billion in restructuring charges from ~15% workforce cuts (excluded from adjusted EPS)
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$800 million in impairment charges and $200 million in other one-time costs did impact adjusted EPS by 20 cents
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GAAP net loss: $2.9 billion
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Business Segment Results:
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Client computing: $7.9B (vs. $7.4B expected)
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Data center & AI: $3.9B (vs. $3.6B expected)
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Q3 Guidance:
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Revenue: $12.6B–$13.6B (midpoint above $12.7B consensus)
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Adjusted EPS: break-even (vs. 4 cents expected)
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Dow Jones / Market Watch (gated) have gathered analyst responses. In (brief) summary:
- Bernstein: Strategy is more important than results; structural headwinds remain. PC business may benefit from tariffs, but it’s not a long-term growth story.
- BofA: Intel’s new chip process (18A) and enterprise refresh cycle may offer upside. However, competition from AMD and Nvidia remains intense, and Intel still lacks strong AI accelerators.
This article was written by Eamonn Sheridan at investinglive.com.
