Intel continues to embark on a major turnaround effort that began under the guidance of former CEO Pat Gelsinger and is now the responsibility of his recently appointed replacement, Lip-Bu Tan.
Intel continues to embark on a major turnaround effort that began under the guidance of former CEO Pat Gelsinger and is now the responsibility of his recently appointed replacement, Lip-Bu Tan. It will take some time to assess Tan’s performance as head of Intel. In the meantime, Intel posted financial results for the first quarter of 2025, with revenue outpacing guidance.That said, Intel’s Q1 revenue was also flat year-over-year at $12.7 billion. Net income came in at an $821 million loss for the quarter, compared to a $381 million loss in the same quarter a year ago, underscoring that there’s a lot of work to be done to right the ship. From Tan’s vantage point, however, Intel is on the right course.
“The first quarter was a step in the right direction, but there are no quick fixes as we work to get back on a path to
gaining market share and driving sustainable growth”, Tan said in a statement. “I am taking swift actions to drive
better execution and operational efficiency while empowering our engineers to create great products.
