Intel Lost Money Again in 2025. Here's Why -- and What It Means for the Stock

Intel (NASDAQ: INTC) was 1 of the comeback stories of 2025, with the tech giant's shares astir doubling. Yet adjacent aft that immense rebound, Intel has inactive been a disappointment to semipermanent shareholders. Even much worrisome is the information that adjacent with the large bounce successful its stock price, Intel inactive saw its concern suffer wealth successful 2025.

The banal marketplace anticipates aboriginal quality alternatively than getting mired successful the past, and truthful Intel stock's beardown show intelligibly suggests that the concern volition fare amended successful the aboriginal than it has recently. Nevertheless, it's inactive worthy looking astatine past results to spot however Intel got itself into its existent concern and what it's going to instrumentality to determination forward. That's the superior extremity of this 2nd nonfiction successful the Voyager Portfolio bid connected Intel.

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Intel posted its highest income twelvemonth successful 2021, with gross topping retired astatine $79 billion. However , adjacent astatine that point, determination were immoderate signs that the chipmaker's concern wasn't wholly healthy. Rising costs of goods sold had already pulled gross borderline down 3 percent points implicit the erstwhile 2 years to 55.5%, and rising probe and improvement expenses had dealt a 6 percent constituent deed to Intel's operating margin, to 24.6%.

After that, things turned disfigured quickly. 2022 was a pugnacious twelvemonth successful the tech industry, with the carnivore marketplace successful stocks mostly reflecting weaker user request owed to precocious ostentation and macroeconomic pressures. Revenue plunged 20%, and nett income took a astir 40% hit. Intel had benefited from precocious request for PCs aboriginal successful the COVID-19 pandemic, but arsenic conditions started returning to normal, bloated PC inventories took their toll connected Intel's business.

The pullback continued successful 2023, with nett income taking a astir 80% haircut and income falling different 14%. In summation to anemic demand, Intel continued to suffer marketplace stock to semiconductor banal rivals similar Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD), some of which had been overmuch much assertive successful pursuing AI-related opportunities.

2024 proved to beryllium the past hurrah for erstwhile CEO Pat Gelsinger. In the 3rd 4th , the fiscal axe fell, arsenic Intel took $15.9 cardinal successful impairment charges and $2.8 cardinal successful restructuring charges. Despite efforts to travel done connected a program to chopped costs by $10 billion, Intel's mediocre show successful its PC and foundry divisions offset signs of spot successful its smaller information halfway and AI segment. Only a period later, the Intel committee forced Gelsinger's resignation.