Intel reported better-than-expected first-quarter results, partially because some customers stockpiled chips ahead of tariffs, the company said. Intel’s revenue forecast included a “wider than normal” range, which the company said was due to uncertainty caused by tariffs. CFO David Zinsner said “fluid trade policies” along with regulatory risks “have increased the chance of an economic slowdown, with the probability of a recession growing.” The Intel headquarters in Santa Clara, California, US, on Wednesday, April 23, 2025. Intel Corp. is scheduled to release earnings figures on April 24. David Paul Morris | Bloomberg | Getty Images
Intel CFO David Zinsner said President Donald Trump’s tariffs and retaliation from other countries has increased the likelihood of a recession.
“The very fluid trade policies in the U.S. and beyond, as well as regulatory risks, have increased the chance of an economic slowdown, with the probability of a recession growing,” Zinsner said on the company’s quarterly earnings call on Thursday.
Intel reported better-than-expected first-quarter results, partially because some customers stockpiled chips ahead of tariffs, the company said. However, guidance for