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Intel (INTC) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Intel (INTC) reported revenue of $12.7B for the first quarter 2025 (Q1 2025), -0.4% from a year earlier and -11% from the quarter before. Operating margin was -2.4%, net loss $887M (7.0% of revenue).
Intel, Q1 2025: revenue $12.7B (-0.4% year over year), operating margin -2.4%, net loss $887M, operating cash flow $813M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.7B | -11% | -0.4% |
| Operating profit | −$301M | — | — |
| Net earnings | −$887M | — | — |
| Operating cash flow | $813M | -74% | — |
What changed
Revenue was $12.7B in Q1 2025, roughly flat year over year and down 11% from the previous quarter.
Gross margin was 36.9%, down 4.1 points from a year earlier. Operating costs exceeded revenue by $0.30B, an operating margin of -2.4%. Operating expenses fell 21% while revenue was flat. The quarter ended with a net loss of $0.89B, wider than the previous quarter's $0.15B loss. Minority interests bore $0.07B of it: to shareholders the quarter was a loss of $0.82B.
Operating cash flow was $0.81B. Non-cash charges added back $2.7B of depreciation and amortization and $0.68B of share-based compensation. Working capital and other items used $1.7B. Capital expenditures of $5.2B exceeded it, leaving free cash flow of −$4.4B.
Questions
What was Intel's revenue in the first quarter 2025?
Intel (INTC) reported revenue of $12.7B for the first quarter 2025 (Q1 2025), -0.4% from a year earlier and -11% from the quarter before.
Was Intel profitable in the first quarter 2025?
Operating loss was $301M (-2.4% of revenue) and net loss $887M.
Source: Intel 10-Q on SEC EDGAR.