On AMD's big day, Intel ups its outlook

Summary:On the day AMD will launch its Barcelona chip Intel just happened to raise its outlook for the third quarter. Coincidence?

On the day AMD will launch its Barcelona chip Intel just happened to raise its outlook for the third quarter.

Coincidence? I think not. Intel was clearly stealing some thunder from the launch of the Barcelona chip, which is supposed to be AMD's savior. George Ou has more.

In any case, Intel's news is good. Intel said it expects revenue for the third quarter to be between $9.4 billion and $9.8 billion. That projection is up from a prior range of $9 billion to $9.6 billion. Gross margins are expected to be in the "upper half of the previous range of 52 percent plus or minus a couple of points."

According to Thomson Financial, Intel is expected to report third quarter earnings of 28 cents a share on $9.4 billion.

But here's what's curious. Intel said other expectations are unchanged. In most cases, higher revenue and margins should point to better earnings too--unless AMD cranks up the pricing pressure. Perhaps Intel sees more AMD pressure on the horizon. AMD's latest quarter showed the chip maker is capable of punching back.

Intel reports earnings Oct. 16.

Topics: Intel, Processors

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.