Intel expects revenue for the third quarter to be between $9.8 billion and $10 billion, as compared to the previous range of $9.6 billion to $10.2 billion. The company continues to see double-digit year-over-year growth driven primarily by strong demand for notebook PC platforms.
The third-quarter gross margin percentage is now expected to be 60 percent, plus or minus a point, and is expected to be slightly above the midpoint of the range. The previous expectation was 60 percent, plus or minus a couple of points.
Intel's tax rate forecast for the third quarter was approximately 30.5 percent. The third-quarter tax rate is now expected to be impacted by additional taxes of approximately $250 million, plus or minus $25 million, related to a potential repatriation of approximately $6.3 billion of accumulated income earned abroad. The company’s tax rate forecast for the fourth quarter is unchanged at approximately 30.5 percent.