Intel’s update shared by CEO Lip-Bu Tan on April 24, 2025:

Intel reported better-than-expected Q1 2025 results, delivering revenue, gross margin, and earnings per share above guidance.

CEO Lip-Bu Tan emphasized that while progress was made, the company faces a volatile macroeconomic environment and must tackle internal inefficiencies. Key initiatives include refocusing Intel as an engineering-driven company, reducing operating expenses and capital spending, flattening organizational structures, streamlining internal processes, and requiring hybrid employees to be on site four days per week starting September 1, 2025.

Workforce reductions will occur in the coming months to improve agility and competitiveness. Tan highlighted that the company must reinvent itself, improve execution, and reestablish Intel’s reputation for innovation.