Intel Company (NASDAQ: INTC) on Thursday reported a loss for the second quarter of fiscal 2025 even because the semiconductor large’s revenues remained unchanged year-over-year.
The tech agency’s second-quarter income was $12.9 billion, broadly unchanged from the corresponding interval of fiscal 2024. A decline in Shopper Computing income, the principle working phase, was offset by greater Knowledge Heart and AI income.
On a per-share foundation, the corporate reported a lack of $0.10 per share for the June quarter, excluding particular objects, in comparison with earnings of $0.02 per share within the year-ago quarter. On a reported foundation, it was a web lack of $2.9 billion or $0.67 per share, in comparison with a lack of $1.6 billion or $0.38 per share in Q2 2024.
“Our working efficiency demonstrates the preliminary progress we’re making to enhance our execution and drive
larger effectivity,” mentioned Lip-Bu Tan, Intel CEO.