Intel’s first-quarter 2025 net loss to shareholders was $821 million on revenue of $12.67 billion, down 0.4%

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Intel said in its quarterly report, a Form 10-Q filed on Apr 25, 2025, that revenue for the quarter to Mar 29, 2025 was $12.67 billion, down 0.4% from $12.72 billion a year earlier. The net loss attributable to Intel’s shareholders was $821 million, against a net loss of $381 million a year earlier, or a diluted loss of $0.19 a share against $0.09. Counting non-controlling interests, the share of subsidiaries that other holders own, the consolidated net loss was $887 million, against $437 million.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12

Lip-Bu Tan, Intel’s CEO, said in the earnings release, filed on Apr 24, 2025, that the first quarter was a step in the right direction but that there were no quick fixes. He added that he was taking swift actions to drive better execution and operational efficiency, and the release said the plan included streamlining the organization and eliminating management layers. Intel cut its non-GAAP operating expense target to approximately $17 billion for 2025, from $17.5 billion, set a target of $16 billion for 2026, and lowered its gross capital spending target to $18 billion for 2025 from $20 billion. The release’s headcount table lists 97.6 thousand employees at Intel itself on Mar 29, 2025, against 99.5 thousand on Dec 28, 2024 and 116.4 thousand on Mar 30, 2024, in a row counted apart from Mobileye and other subsidiaries. The release also said Intel had announced earlier in April an agreement to sell 51% of its Altera business to Silver Lake, and that it would own the remaining 49%.13^,14^,15^,16^,17^,18^,19^,20^,21

Among the business units, the Client Computing Group (CCG) had revenue of $7.63 billion, down 7.8% from $8.27 billion, while Intel Foundry had $4.67 billion, up 7.1% from $4.36 billion. Intel moved its Network and Edge Group into CCG and the Data Center and AI group (DCAI) in the quarter and said it had adjusted prior-period segment data to match, so those year-earlier segment figures are the recast ones. The segment revenues overlap: the release’s table subtracts $4.7 billion of intersegment eliminations, which are sales between Intel’s own segments, to reach the $12.67 billion total. The release’s business highlights list the Core Ultra mobile and desktop processors Intel announced at CES. On Intel’s own non-GAAP measure, which adds back items including $684 million of share-based compensation and $156 million of restructuring and other charges, net income attributable to Intel for the quarter was $580 million.22^,23^,24^,25^,26^,27^,28^,29^,30^,31^,4^,32^,33^,34^,35

This article rests on the 10-Q’s tagged figures and on the earnings release, so what management says drove the quarter comes from the release alone. Our records keep one value for each period of a company that files with the SEC, so they cannot tell whether the year-earlier figures here were restated.36^,37