Intel maintains third-quarter revenue forecast

News

Intel maintains third-quarter revenue forecast

Tash Shifrin

Intel is predicting third-quarter revenues of between $9.8bn (£5.34bn) and $10bn, in line with earlier estimates.

The chip manufacturer had earlier forecast revenues of between $9.6bn and $10.2bn.

Strong demand for notebook PCs had underpinned the firm’s double-digit year-on-year growth, it said.

The third-quarter forecast would also mark an increase on second-quarter revenues, when $9.2bn sales were reported, generating a $2bn net profit.

Intel said third-quarter gross margin percentage was expected to be 60%, plus or minus a point, with a tax rate forecast of approximately 30.5%.

The company warned that it was expecting to be hit by additional taxes of approximately $250m, related to a potential repatriation of approximately $6.3bn of accumulated income earned abroad.


Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.
 

COMMENTS powered by Disqus  //  Commenting policy