Overview

• Intel reported first-quarter revenue of $12.67 billion, beating estimates but remaining flat year-over-year, with adjusted earnings of $0.13 per share.
• The company issued a disappointing second-quarter revenue forecast of $11.2–$12.4 billion, below Wall Street's expectation of $12.82 billion.
• CEO Lip-Bu Tan announced plans to streamline operations, reduce management layers, and cut operating expenses, targeting $17 billion in 2025 and $16 billion in 2026.
• Reports suggest Intel may lay off over 20% of its workforce, with layoffs set to begin in the second quarter as part of broader cost-cutting measures.
• Trade tensions and looming tariffs have created uncertainty, with Intel attributing some Q1 demand to customer stockpiling and warning of potential Q2 demand declines.