Intel reported QQ1 2025 revenue of USD 12.667 billion, down 4.64% year over year and 11.17% quarter over quarter, signaling continued near-term macro softness in PC demand and competitive intensity in data-center markets. Gross profit reached USD 4.672 billion with a gross margin of 36.9%, but operating income remained negative at USD -0.301 billion and net income declined to USD -0.821 billion, producing an EPS of -0.19. The company generated USD 0.813 billion of operating cash flow, but capital expenditures were substantial at USD 5.183 billion, resulting in negative free cash flow of USD -4.37 billion. At period end, cash and cash equivalents stood at USD 8.947 billion, and total liquidity (cash + short-term investments) was USD 21.048 billion, leaving net debt of USD 41.204 billion given total debt of USD 50.151 billion. The balance sheet remains large and durable (total assets USD 192.242 billion; total stockholders’ equity USD 99.756 billion), but profitability is still under pressure as Intel undertakes heavy capacity investments and product transitions in a challenging macro environment. Relative to peers, Intel trades with a negative earnings multiple and a price-to-sales multiple around 7.8x, underscoring a value-at-risk scenario until profitability and cash generation improve. Management commentary from the QQ1 2025 call is not captured in the provided transcript data, limiting qualitative insight; thus, the analysis relies on reported figures and standard industry context.