Intel posted its first earnings report since Pat Gelsinger retired from his post as Chief Executive Officer, and it largely shows the continued efforts of a major restructuring strategy that began before he left.

Intel Corp. reported better-than-projected fourth-quarter revenue, while the semiconductor maker cautioned that its push to become more competitive is still a work in progress.

Intel was set to release a new AI chip called Falcon Shores late this year, to replace its Gaudi 3 accelerator chip. But interim co-CEO Michelle Johnston Holthaus said on an earnings call that this would no longer be happening, meaning customers will now need to wait for a later version called Jaguar Shores.

The company reported earnings before certain costs such as stock compensation of 13 cents per share, squeezing past Wall Street’s consensus estimate of 12 cents per share. Revenue for the quarter came to $14.26 billion, up 7% from a year ago and ahead of the Street’s target of $13.81 billion.

Former Intel ( INTC, Financials) Chief Executive Pat Gelsinger revealed that he has acquired shares of Nvidia ( NVDA, Financials) and other artificial intelligence-related stocks, citing recent advancements in AI model training. The DeepSeek-fueled sell-off reminds investors of the biggest earnings story propping up the stock market

Amid talk of "splits, saviors, and deals," Intel will deliver its first earnings report since Pat Gelsinger left as CEO.

Former CEO Pat Gelsinger was ousted last month, well before the completion of his four-year plan to turn around the company from years of missteps in its manufacturing operation and missed opportunities around the artificial intelligence boom that have left the erstwhile American chipmaking icon far behind its rivals.

Although Intel has yet to announce who will help produce the processors, TSMC already works with Intel to manufacture Arrow Lake chips.

Following the debut of the Intel Panther Lake chip later in 2025, Intel will launch Nova Lake to begin shipping in 2026.

Pat Gelsinger, former Intel CEO, shares his thoughts on DeepSeek's low-cost AI innovation and its market impact. Despite Nvidia's stock dip, Gelsinger sees potential growth and innovation in the AI sector.

If Intel hopes to survive the next few years as a freestanding company and return to its role as innovator, it can not afford to waste its time and it