Intel Boosted by Strong PC Sales
Here's our initial take on 's (NASDAQ: INTC) fiscal 2025 second-quarter financial report.
Intel posted better-than-expected revenue in the second quarter but noted an unexpected loss due to impairment charges related to "excess tools with no identified reuse." This is the first full quarter under new CEO Lip-Bu Tan, who joined in March, and the new chief executive outlined his plan for the company, including significant cost cuts.
Intel management said it has completed the majority of a plan to cut its workforce by 15% and is taking action to optimize its manufacturing footprint. The company said it no longer intends to move forward with planned projects in Germany and Poland. In addition, Intel said it would "further slow" the pace of construction at a plant in Ohio to ensure the spending is aligned with market demand.
Source Fool.com
Intel Corp. Stock
Our community is currently low on Intel Corp. with 14 Buy predictions and 18 Sell predictions.
A potential of -28.74%, resulting from comparing the current price of 32.28 € with the target price of 23 € for Intel Corp., shows the chance of incurring significant losses.
