Intel beats on revenue, slashes foundry investments as CEO says 'no more blank checks'
The Intel logo is displayed on a sign in front of Intel headquarters on July 16, 2025 in Santa Clara, California. Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company's new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock ticked higher in extended trading. Here's how the chipmaker did versus LSEG consensus estimates: Earnings per share : Loss of 10 cents per share, adjusted. : Loss of 10 cents per sha