Intel Plunges 8.04% on Q2 Loss, Workforce Cuts

Intel's stock price dropped by 8.04% in pre-market trading on July 25, 2025, reflecting investor concerns over the company's recent financial performance and strategic decisions.

Intel reported a net loss of $2.9 billion for the second quarter of 2025, a significant increase from the $1.61 billion net loss in the same period last year. This loss was primarily due to impairment charges and restructuring costs, which overshadowed the company's revenue growth.

Despite topping revenue estimates with $12.86 billion in the second quarter, Intel's foundry business, which grew by 3% to $4.4 billion, was not enough to offset the overall financial challenges. The company's earnings per share (EPS) also missed forecasts, contributing to the stock price decline.

Intel's strategic outlook includes plans to cut 15% of its workforce, aiming to streamline operations and reduce costs. The company has also outlined a capital expenditure (CapEx) of $18 billion for 2025, signaling its commitment to long-term growth and innovation despite current financial headwinds.