Intel inches up Q4 forecast

Intel inched the bar higher for fourth-quarter revenue expectations Thursday, citing better than expected demand for its PC processors during the quarter.

The chip maker now expects revenue to be between US$6.7 billion and $6.9 billion for the fourth quarter, which ends Dec. 29. At the end of Intel's third quarter, it said it expected revenue of between $6.2 billion and $6.8 billion.

Prior to the end of Intel's third quarter, analysts had been expecting sales of $6.8 billion for the fourth quarter, according to a First Call estimate.

Compared to Intel's third quarter, the fourth quarter is almost "perfectly seasonal," Andy Bryant, Intel's chief financial officer, said in a conference call following the announcement. Sales in Europe and Asia-Pacific have increased slightly from the third quarter, with the Americas and Japan remaining essentially flat during the quarter, he said.

Business has increased for both the business and consumer markets, Bryant said.

The quarter has also seen growing demand from both large OEMs (original equipment manufacturers) and smaller "white box" vendors, Bryant said. "It's absolutely across both sets of customers," he said.

Microsoft Corp.'s release of its Windows XP operating system probably played a role in fourth-quarter PC sales, Bryant said. "It's having some positive contribution, but it's really hard to be able to tell how much," he said.

Prior to the announcement, shares of Intel (INTC) dropped $0.45, or 1.3 percent, on the Nasdaq.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Douglas F. Gray

Show Comments

Brand Post

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?