Intel is set to report its first-quarter earnings on April 24, 2025, marking the initial earnings report under new CEO Lip-Bu Tan, who took over in March 2025.

Analysts project that Intel will report a first-quarter revenue of $12.34 billion, reflecting a 3% decline year-over-year, and an adjusted net income of $41.6 million, significantly down from $759 million in the same quarter last year.

Following the disappointing revenue and profit forecast, Intel shares fell nearly 6% in premarket trading on April 25, 2025, overshadowing Tan's promises of a turnaround.

Despite stronger-than-expected first-quarter results, Intel shares dropped approximately 7% to $19.98 on April 25, 2025, as the quarterly revenue forecast missed analysts' expectations.

Tan has indicated that cost-cutting is a priority, with forthcoming layoffs expected, although no formal plans have been announced yet.

To strengthen its financial position, Intel plans to cut operating costs by $500 million this year and $1 billion next year, primarily affecting management and non-core engineering roles.

Despite a rocky 2024, Intel started 2025 positively with reports of potential spin-offs and partnerships, and the market reacted favorably to Tan's leadership.

Intel aims to become the second-largest foundry globally by 2030, although its foundry revenue dropped to over $17 billion in 2024, accounting for about 30% of total revenue.

The company, once a dominant force in the chip industry, is struggling to regain its position, especially in AI, while facing challenges from a trade war with China.

Overall, Intel's stock has declined by over one-third in value over the past year, reflecting ongoing concerns about the company's performance.

All analysts maintain a neutral rating on Intel, with price targets ranging from $20 to $29, averaging $22.63, indicating a 16% premium to the stock's closing price on April 22, 2025.

Tan acknowledged that there are no quick fixes for Intel's challenges and is focusing on improving operational efficiency, including further workforce reductions.