secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTEL CORP (INTC)
CIK:        0000050863
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0000050863-25-000070
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intel Q1 rev flat at $12.7B, GAAP EPS $(0.19); Q2 guidance weak, cost cuts announced
--------------------------------------------------------------------------------

- Q1 revenue $12.7B flat YoY; GAAP EPS $(0.19), non-GAAP EPS $0.13.
- Q2 guidance: revenue $11.2-12.4B, GAAP EPS $(0.32), non-GAAP EPS $0.00.
- 2025 non-GAAP op. expense target cut to $17B (from $17.5B); 2026 target $16B.
- Gross capex target for 2025 reduced to $18B from prior $20B.
- CEO Lip-Bu Tan says 'no quick fixes' and launches efficiency initiative.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50863/000005086325000070/0000050863-25-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50863/000005086325000070/intc-20250424.htm
  HTML page:      https://secwatch.observer/filing/0000050863-25-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer