Intel Corporation announced on Thursday that its revenue in the second quarter of the fiscal year 2025 was unchanged from last year and stood at $12.9 billion. The figure beat analysts' estimates. At the same time, the tech giant reported diluted loss per share of $0.67, down 76% compared to the same quarter of 2024.
Net loss came in at $2.9 billion, going down 81% annually from $1.6 billion recorded in the corresponding quarter of the year prior. The chipmaker predicted its revenue in the third quarter of this year would fall in the range between $12.6 and $13.6 billion, with a loss per share of $0.24.
"Our operating performance demonstrates the initial progress we are making to improve our execution and drive greater efficiency. We are laser-focused on strengthening our core product portfolio and our AI roadmap to better serve customers. We are also taking the actions needed to build a more financially disciplined foundry," CEO Lip-Bu Tan commented.
The company's shares advanced 2.4% in the after-hours trade to sell for $22.63 apiece.
