AMD warned investors that its third-quarter revenue will be down 1 to 4 percent as compared to revenue of $1.65 billion for the previous quarter. Previously, the company expected revenue would be up seasonally, but instead it saw weaker than expected demand, particularly in the consumer laptop market in Western Europe and North America. Analysts polled by Reuters were expecting the company to report revenues of $1.72 billion.
The Company cited that sequential decrease is due to weaker than expected demand, particularly in the consumer notebook market in Western Europe and North America. According to Reuters Estimates, analysts on an average were expecting the Company to report revenues of $1.72 Billion.
AMD isn't the only one seeing weak-than-anticipated demand, barely a month ago Intel also warned investors that its Q3 revenue would be weaker than expected, as the company revised its outlook from between $11.2 billion and $12.0 billion to $11.0 billion, plus or minus $200 million.