The earnings call reflects a mixed sentiment with notable achievements in revenue, cost reduction, and technology advancement, but significant challenges remain in margins, the foundry business, and competition in the server and AI markets.

Company Guidance

During Intel Corporation's Q2 2025 earnings call, the company provided guidance for Q3, forecasting revenue between $12.6 billion and $13.6 billion, which represents a range of a 2% decline to a 6% increase sequentially. The anticipated non-GAAP gross margin is approximately 36%, with a tax rate of 12% and breakeven EPS. Intel expects operating expenses for 2025 to be $17 billion, decreasing to $16 billion in 2026. The guidance reflects Intel's strategic focus on reducing inefficiencies and optimizing costs, as evidenced by the company's decision to lower its 2025 CapEx guidance by roughly $5 billion year-to-date. Additionally, Intel highlighted the anticipated impact of its restructuring plans, including a significant reduction in management layers and a return-to-office mandate. The company remains committed to improving its balance sheet, targeting positive adjusted free cash flow, and intends to begin delevering this year.

Revenue Exceeds Expectations

Second quarter revenue was $12.9 billion, above the high end of guidance, driven by strength across client and data center.

Cost Reduction and Restructuring

Significant progress in headcount reduction, achieving a target of 75,000 employees, reducing management layers by approximately 50%.

Intel 18A Progress

Steady progress on Intel 18A yield and performance targets, with a commitment to ramp this technology to scale.

CapEx Reduction

Reduced CapEx guidance by $5 billion year-to-date, with plans to further reduce in 2026.

Mobileye Monetization

Successfully monetized a portion of ownership of Mobileye, raising approximately $900 million.

Intel (INTC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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INTC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.01 / -	-0.46	―	―	―
Jul 24, 2025	2025 (Q2)	0.01 / -0.10	0.02	-600.00% (-0.12)
Apr 24, 2025	2025 (Q1)	<0.01 / 0.13	0.18	-27.78% (-0.05)
Jan 30, 2025	2024 (Q4)	0.12 / 0.13	0.54	-75.93% (-0.41)
Oct 31, 2024	2024 (Q3)	-0.02 / -0.46	0.41	-212.20% (-0.87)
Aug 01, 2024	2024 (Q2)	0.10 / 0.02	0.13	-84.62% (-0.11)
Apr 25, 2024	2024 (Q1)	0.14 / 0.18	-0.04	550.00% (+0.22)
Jan 25, 2024	2023 (Q4)	0.45 / 0.54	0.1	440.00% (+0.44)
Oct 26, 2023	2023 (Q3)	0.22 / 0.41	0.59	-30.51% (-0.18)
Jul 27, 2023	2023 (Q2)	-0.04 / 0.13	0.29	-55.17% (-0.16)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

INTC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$22.63	$20.70	-8.53%
Apr 24, 2025	$21.49	$20.05	-6.70%
Jan 30, 2025	$20.01	$19.43	-2.90%
Oct 31, 2024	$21.52	$23.20	+7.81%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.