Intel Corp. announced Thursday that it expects to meet its previously stated expectations for revenue, expenses and gross margin for its second quarter earnings.
The company's revenue will be slightly below the midpoint of the $6.2 billion to $6.7 billion range that it estimated at the close of its first quarter, Intel said in a statement. Expenses will also be slightly below the midpoint of the $2.2 billion to $2.3 billion range that the company forecast, it said in the statement.
Intel continues to see stability in its processor business and weakness in its communications-related business, but still expects a "seasonally stronger" second half to the year, the company said.
Intel also expects that amortization of goodwill and other acquisition related costs are expected to be higher in the second quarter, due to the acquisitions that have closed in the quarter, the company said.