AMD follows Intel, warns on third-quarter revenue
AMD said today that it expects revenue for the third quarter to be lower than the previous quarter. This comes on the heels of Intel's warning in August.
The Sunnyvale, Calif.-based chipmaker's terse release said revenue in its third quarter, ending September 25, will be in the "range of down one to four percent as compared to revenue of $1.65 billion for the quarter ended June 26, 2010."
"The sequential decrease is due to weaker than expected demand, particularly in the consumer notebook market in Western Europe and North America," the company said. AMD will report third-quarter 2010 results on October 14.
This follows Intel's warning in August when it said third-quarter revenue is expected to be $11 billion, plus or minus $200 million, compared with the previous expectation of between $11.2 billion and $12 billion.
Revenue is being squeezed by weaker-than-expected demand for consumer PCs in "mature" markets, Intel said at the time.
Intel CEO Paul Otellini did qualify that revenue outlook at the Intel Developer Forum last week, however. "Even at 11 billion that would be the best third-quarter in the company's history. You're dealing with a number that's very robust," he said in question-and-answer session after his keynote.
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