Intel Corporation reported on Thursday that its first-quarter revenue for fiscal year 2025 remained unchanged year-over-year at $12.7 billion.
The tech giant recorded a net loss of $0.8 billion, marking a 115% decline from the $0.4 billion loss reported in the corresponding quarter of 2024. Additionally, the diluted loss per share (EPS) for the first quarter stood at $0.19, compared to a $0.09 loss in the previous year. Looking ahead, Intel projects second-quarter 2025 revenue between $11.2-12.4 billion, with an anticipated loss per share of $0.32.
"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," the company's CEO Lip-Bu Tan said. "I am taking swift actions to drive better execution and operational efficiency while empowering our engineers to create great products. We are going back to basics by listening to our customers and making the changes needed to build the new Intel."
Following the release of the report, Intel's shares sank by 6.89% in after-hours trading to sell at $20.01 apiece.
