Intel narrows revenue guidance

• Published: 06 Jun 2003 11:34

Intel narrowed its second-quarter revenue guidance yesterday, keeping expectations in line with those announced in its first-quarter earnings release.

Second-quarter revenue will be between $6.6bn and $6.8bn. Intel had previously set revenue expectations to come in between $6.4bn and $7.0bn.

Sales of products within the Intel architecture business, which is made up of the company's desktop, notebook, and server processors, are moving to the high end of seasonal expectations. Sales of communications products remain soft.

Intel first-quarter results reflected a similar picture of stronger-than-expected PC processor sales balanced by softer communications processor sales. Intel raised prices for its flash memory products in the first quarter which, executives admitted, have hurt that business.