Intel Corporation INTC today announced that third-quarter revenue is expected
to be below the company's previous outlook as a result of weaker than
expected demand in a challenging macroeconomic environment. The company
now expects third-quarter revenue to be $13.2 billion, plus or minus
$300 million, compared to the previous expectation of $13.8 billion to
$14.8 billion.
Relative to the prior forecast, the company is seeing customers reducing
inventory in the supply chain versus the normal growth in third-quarter
inventory; softness in the enterprise PC market segment; and slowing
emerging market demand. The data center business is meeting expectations.
The company's expectation for third-quarter gross margin is now 62
See full press release
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