Intel released its Q2 2025 results, showing that the company continues to go through a difficult period of deep restructuring. While sales remained stable year-over-year, high one-off costs associated with the reorganization and asset write-downs sent the company into a significant loss. Nonetheless, management highlights early signs of improvement in efficiency and reaffirms the move towards financial discipline and a stronger portfolio focused on AI and core products.

For investors, Intel's $INTCpicture remains ambiguous, with painful restructuring, margin pressure, and continued loss-making on one side, and cost savings, production streamlining, and strategic moves to lay the groundwork for a return to profitability in the years ahead on the other.

How was the last quarter?

Intel reported second quarter 2025 revenue of $12.9 billion, virtually unchanged from last year. But that didn't hide the fact that the company is still struggling with a drop in profitability. On a GAAP basis, it…