Intel aims high with Q2 forecast
Flash on the rise
Intel on Thursday narrowed its second quarter revenue forecast, pushing its earnings range toward the high-end of previous predictions. The company now expects Q2 revenue to come in between $8.0bn and $8.2bn. The chip-maker previously provided a second quarter revenue forecast of $7.6bn to $8.2bn.
"Demand for Intel Architecture products is consistent with the company's expectations at the beginning of the quarter and significantly higher than in the same period last year," the company said in a statement. "Communications revenue is trending above the company's previous expectations primarily due to increased demand for the company's flash memory products."
Intel's flash business has been one of its weakest performers in recent quarters, so any uptick in sales is good news for the company.
Intel typically provides a mid-quarter update on its business. The company's second quarter ends on June 26. ®