AMD cuts revenue outlook on weak demand

AMD cuts revenue outlook on weak demand

Summary: AMD cited "weaker than expected demand, particularly in the consumer notebook market in Western Europe and North America."

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AMD said Thursday that it will deliver third quarter revenue of about $1.65 billion and miss Wall Street estimates.

In a statement, AMD said sales will be down 1 percent to 4 percent from the second quarter. AMD cited "weaker than expected demand, particularly in the consumer notebook market in Western Europe and North America."

Wall Street was expecting AMD to deliver earnings of 12 cents a share on revenue of $1.72 billion.

The news isn't all that surprising given that Intel already flagged weak demand and said its results would fall short of prior estimates.

See all Intel and AMD posts.

Topics: Banking, Enterprise Software, Processors

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2 comments
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  • iPad?

    Well, whatever semiconductor fabrication machines that make the A4 chip sure are busy...

    Lending credence to what Best Buy's CEO said (though he later retracted probably because Intel & AMD complained) that the iPad has caused a big drop in the demand of notebooks.

    -M
    betelgeuse68
    • RE: AMD cuts revenue outlook on weak demand

      [i]Lending credence to what Best Buy's CEO said (though he later retracted probably because Intel & AMD complained) that the iPad has caused a big drop in the demand of notebooks.[/i]

      Gee why did he have to retract? Is Intel and AMD suddenly going to stop shipping retail product to him?

      lol...

      Sounds like a bunch of kissy_ass to me...
      ahh so