Reported 2 days ago
On July 24, 2025, Intel Corporation (NASDAQ:INTC) announced its Q2 financial results, reporting a revenue of $12.86 billion, surpassing expectations but facing a net loss of $2.9 billion. CEO Lip-Bu Tan discussed significant workforce reductions and changes in its operations, halting expansions and laying off 15% of staff. Despite challenges in its foundry business and a decrease in PC chip sales, Intel aims for a Q3 revenue of $13.1 billion while navigating market demands.
Source: YAHOO