SAN FRANCISCO, April 24 (Xinhua) -- Intel Corporation on Thursday reported its financial results for the first quarter of 2025, with a revenue of 12.7 billion U.S. dollars, flat year over year.
The company's Generally Accepted Accounting Principles (GAAP) quarter net loss was 0.8 billion dollars, compared with a net loss of 0.4 billion dollars year over year. Its non-GAAP quarter net income was 0.6 billion dollars, as against a net income of 0.8 billion dollars a year ago.
Its GAAP first-quarter loss per share was 0.19 dollars, compared with 0.09 dollars loss per share year on year.
In the first quarter, the company generated 0.8 billion dollars in cash from operations.
In the first quarter of 2025, the company made an organizational change to integrate the Network and Edge Group (NEX) into the Client Computing Group (CCG) and the Data Center and AI Group (DCAI).
"The first quarter was a step in the right direction, but there are no quick fixes as we work to get back on a path to gaining market share and driving sustainable growth," said Lip-Bu Tan, Intel CEO.
"The current macro environment is creating elevated uncertainty across the industry, which is reflected in our outlook. We are taking a disciplined and prudent approach to support continued investment in our core products and foundry businesses while maximizing operational cost savings and capital efficiency," said David Zinsner, Intel CFO.
In Intel's guidance for the second quarter, the company's revenues will be in the range of 11.2-12.4 billion dollars.
Intel also announced initiative to drive improved execution and operational efficiency, expecting 2025 operating expenses of 17 billion dollars and 2026 operating expenses of 16 billion dollars.
