Sign in with
Sign up | Sign in

Intel expects higher revenues for Q3

By - Source: Tom's hardware UK | B 0 comment

Santa Clara (CA) – Intel released an upbeat Q3 earnings update today, increasing its revenue expectations by 4% as a result of "stronger than expected worldwide demand for its computing products."

Intel said it 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. Considering the mid-point of the revenue estimates, the new guidance is up about 4.3% from $9.3 to $9.7 billion. The company did not provide any details for the revision other than a increased demand for its computing products ; the gross margin percentage for the third quarter is expected to be in the "upper half of the previous range of 52%."

The revenue result will come close to Intel’s Q3 record, which was posted for Q3 2005. Back then, Intel reported revenues of $9.96 billion and a net profit of $2.0 billion. Compared to Q3 of 2006, Intel’s Q3 2007 revenue is expected to jump more than 10% : Last year, the company had revenues of $8.7 billion and a net profit of $1.3 billion.

Intel will report its Q3 result on October 16.

Discuss
Ask a Category Expert

Create a new thread in the UK News comments forum about this subject

Example: Notebook, Android, SSD hard drive

This thread is closed for comments