Intel gave investors an optimistic update about its third-quarter revenue and gross margin expectations:
As a result of stronger than expected demand for microprocessors and chipsets, Intel Corporation now expects revenue for the third quarter to be $9.0 billion, plus or minus $200 million, as compared to the previous range of $8.5 billion, plus or minus $400 million.
The gross margin percentage for the third quarter is expected to be in the upper half of the previous range of 53 percent, plus or minus two percentage points. All other expectations are unchanged.
Intel's third-quarter Business Outlook was originally published in the company's second-quarter 2009 earnings release, available at intc.com. The company is scheduled to report its third-quarter financial results on Oct. 13.
Intel's shares are up 4.52 percent in pre-market trading to $20.35.