Intel says $1.9B of restructuring charges had 45c impact on GAAP EPS

As a result of cost actions, the company recognized $1.9B in restructuring charges in the second quarter of 2025, which were excluded from its non-GAAP results. Intel (INTC) also recognized approximately $800M of non-cash impairment and accelerated depreciation charges related to excess tools with no identified re-use and approximately $200M of one-time period costs in the second quarter of 2025. These charges reduced both GAAP and non-GAAP gross margin by approximately 800 basis points and GAAP and non-GAAP EPS by approximately (23c) and (20c) per share, respectively, the company noted.