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According to Intel, its second quarter revenue will be about $13.7 billion give or take $300 million. Intel had projected revenue of $13 billion, give or take $500 million when it reported its first quarter results.
Meanwhile, Intel said its gross margin range would be up 1 point to 64 percent. The company said costs will rise a bit due to the revenue growth.
Wall Street was expecting Intel to report second quarter sales of $13.02 billion with gross margins of 62.6 percent. Earnings for the quarter were expected to be 47 cents a share.
For 2014, Intel said it expects “some revenue growth,” a projection that is better than the previous outlook for flat sales. Intel said:
The change in outlook is driven mostly by strong demand for business PCs.
Source: Associated Press