Intel · 2025-04-24

Intel (INTC) Q1 2025 Earnings Release: Flat revenue and a new efficiency push kept the turnaround thesis alive but unproven.

First-quarter revenue was $12.7B, flat year over year.; GAAP EPS was $(0.19) and non-GAAP EPS was $0.13.; Intel reduced its 2025 non-GAAP operating expense target to about $17B and targeted $16B in 2026.; Q2 guidance called for revenue of $11.2B to $12.4B.

Revenue $12.7B

First-quarter revenue was $12.7B, flat year over year.

EPS 0.19

GAAP EPS was $(0.19) and non-GAAP EPS was $0.13.

Efficiency $17B

Intel reduced its 2025 non-GAAP operating expense target to about $17B and targeted $16B in 2026.

Outlook $11.2B

Q2 guidance called for revenue of $11.2B to $12.4B.

Reported data

INTC key reported figures

01
Revenue

First-quarter revenue was $12.7B, flat year over year.

Why it matters

Revenue stability helped, but the company still needed share and margin evidence.

02
EPS

GAAP EPS was $(0.19) and non-GAAP EPS was $0.13.

Why it matters

The gap between GAAP and non-GAAP kept quality of earnings in focus.

03
Efficiency

Intel reduced its 2025 non-GAAP operating expense target to about $17B and targeted $16B in 2026.

Why it matters

Cost discipline became a central part of the turnaround math.

04
Outlook

Q2 guidance called for revenue of $11.2B to $12.4B.

Why it matters

The guide kept investors cautious about near-term demand and margin recovery.

Sources

Original document and provenance

Intel Q1 2025 results