Intel Corp shares tanked on Friday after disappointing Q2 earnings. Analysts have mixed views on the company's competitiveness.

Intel (INTC) reported quarterly sales that exceeded analysts' expectations, but posted a loss as the chipmaker works to turnaround its business. Second-quarter revenue of $12.86 billion topped projections as Intel's foundry business grew 3% to $4.

Intel (INTC) reported a second quarter adjusted loss of $0.10 per share. The expectation was for a profit of $0.01 per share. Revenue was $12.86 billion versus a Bloomberg consensus estimate of $11.88 billion.

Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue “no more blank checks.

Intel plans to cut over 25,000 jobs by 2025 to cut costs and recover from recent losses. The company will halt some factory projects in Europe, slow US expansion, and shift operations to Asia. Despite recent struggles,