Intel Stock Drops 8.1% as Company Warns of Deeper Q3 Losses and Plans Layoffs

Intel shares tumbled 8.1% on July 25 after the chipmaker projected steeper Q3 losses and announced workforce reductions to cut costs.

Key Takeaways

Intel stock (INTC.O) fell 8.1% in early U.S. trading on July 25.

The company expects Q3 losses to widen beyond previous estimates.

Layoffs are planned as part of a cost‑cutting strategy.

Broader markets were stable: Dow Jones +0.14%, S&P 500 +0.14%, Nasdaq +0.02%.

Intel Warns of Tough Quarter Ahead

Intel’s stock price slid 8.1% after the semiconductor giant signaled that its third‑quarter losses would be worse than expected.

Alongside its warning, Intel confirmed plans to lay off employees in a bid to manage expenses amid a challenging demand environment.

Market Context

While Intel plunged, major U.S. indexes opened slightly higher:

Dow Jones Industrial Average: +0.14%

S&P 500: +0.14%

Nasdaq Composite: +0.02%