Intel Updates Third-Quarter Revenue and Gross Margin Expectations
Subject: General Tech | September 10, 2007 - 11:52 AM | Jeremy Hellstrom
SANTA CLARA, Calif., Sept. 10, 2007 - As a result of stronger than expected worldwide demand for its computing products, Intel Corporation now expects revenue for the third quarter to be between $9.4 billion and $9.8 billion as compared to the previous range of $9.0 billion to $9.6 billion.
The gross margin percentage for the third quarter is expected to be in the upper half of the previous range of 52 percent plus or minus a couple of points. All other expectations are unchanged.
Intel's third-quarter Business Outlook was originally published in the company's second-quarter 2007 earnings release, available at intc.com. The company is scheduled to report its third-quarter financial results on Oct. 16.