Intel Projects More Than $6.8M in Q4 Revenue
Intel upgrades its fourth-quarter forecast, claiming its Intel Architecture business is doing better than expected.Intel Corp. on Thursday joined rival Advanced Micro Devices Inc. in upgrading its fourth-quarter forecast, calling for revenue to come in between $6.8 billion and $7 billion for the quarter ending Dec. 28. AMD earlier in the day also raised its fourth-quarter guidance.
That would be a jump in the $6.5 billion to $6.9 billion range the Santa Clara, Calif., chip maker projected in October when it released its third-quarter earnings. At the time, Intel executives painted a gloomy outlook for the high-tech industry in the near future and doubted that sales would pick up significantly during the holiday season.