Intel Corporation reported disappointing Q2 2024 results with a net income loss of $1.61 billion, significantly impacted by the rapid ramp of AI PC products amid shifting market conditions. Revenue grew sequentially to $12.83 billion, reflecting a year-over-year decline of 1%. Management has identified a path forward centered on cost reductions and improved capital efficiency, targeting greater than $10 billion in savings by 2025. CEO Pat Gelsinger emphasized the strategic investments in AI and next-generation products like Panther Lake, expected to deliver higher margins in the future. Despite current challenges, Intel remains committed to strengthening its market position through innovation and operational restructuring.