- Revenue: $12.7B, flat Y/Y
- Net Income (GAAP): -$0.82B vs -$0.38B Y/Y
- Non-GAAP EPS: $0.13 vs $0.18 Y/Y
CEO Lip-Bu Tan: "We are going back to basics by listening to our customers and making the changes needed to build the new Intel."
š±Revenue & Growth
- Total Revenue: $12.7B, flat Y/Y
- Intel Products: $11.8B, -3% Y/Y
- Client Computing Group (CCG): $7.6B, -8%
- Data Center & AI (DCAI): $4.1B, +8%
- Intel Foundry: $4.7B, +7%
- All Other: $0.9B, +47%
š°Profits & Health
- Gross Margin: 36.9% GAAP, 39.2% Non-GAAP vs 41.0% / 45.1% Y/Y
- Operating Margin: -2.4% GAAP, 5.4% Non-GAAP vs -8.4% / 5.7% Y/Y
- Free Cash Flow: -$3.68B vs -$6.18B Y/Y
- Operating Cash Flow: $813M vs -$1.22B Y/Y
šBusiness Highlights
- Launched IntelĀ® Coreā¢ Ultra 200 series processors
- Released IntelĀ® XeonĀ® 6 P-core for data centers and networks
- Xeon 6 delivered 1.9x AI performance boost vs prior gen (MLPerf v5.0)
- Intel 18A ramp expected H2 2025 with Panther Lake by year-end
- Sold 51% of Altera to Silver Lake; retains 49% stake
š®Future Outlook
- Q2 Revenue Guidance: $11.2Bā$12.4B
- Q2 EPS Guidance: GAAP -$0.32, Non-GAAP $0.00
- FY2025 Operating Expense Target: $17B (previously $17.5B)
- FY2025 Net Capital Expenditures: $8Bā$11B (down from $20B gross capex)
- FY2026 Operating Expense Target: $16B