12th Gen Intel Core mobile processor.

Intel misses targets in Q2 with revenue falling 17% to $15.3B

Intel reported that its second-quarter revenues and profits were below expectations, as the chip giant dealt with weakness in the PC market. 

On a non-GAAP basis, Santa Clara, California-based Intel reported a net income of 29 cents a share, down 79% from a year earlier. Non-GAAP revenue for the quarter was $15.3 billion, down 17% from a year ago.

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Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.