Intel Corp. provided sharper expectations for third-quarter revenue Thursday, moving to the high end of a range it announced two weeks ago when it raised third-quarter revenue guidance.
The Santa Clara, California, company now expects third-quarter revenue to fall between US$7.6 billion and US$7.8 billion. On Aug. 22, Intel raised its expectations for the third quarter to between US$7.3 billion and US$7.8 billion, up from expectations of US$6.9 billion to US$7.5 billion when it announced second-quarter results. Intel's third quarter ends on Sept. 27.
Third-quarter demand for PC and server processors remains strong, but demand for communications products is still weak, Intel said Thursday in a repeat of its comments from Aug. 22.
The midpoint of the new range, US$7.7 billion, would represent an 18 percent increase over Intel's third-quarter 2002 revenue of US$6.5 billion.
IDC agreed with Intel's assessment of the third quarter, raising its forecast for PC shipment growth to 8.4 percent for the remainder of the year. Gartner Inc. also recently increased its expectations for worldwide growth in PC shipments.