Intel Raises Its Revenue Forecast for Q3 2016

To everyone’s surprise, Intel has raised its revenue forecast for the third quarter. Know that the company announced massive layoffs and lowered revenue forecast for the whole year just five months ago. Is the PC market regaining a new life? I personally doubt it.

Intel has revised its revenue forecast of Q3 2016 from $14.9 billion (with plus or minus $500 million) to $15.6 billion (with plus or minus $300 million). At the same day its share price showed a whopping 3% increase – becomes the highest ever in the past 15 years.

The company should be able to ship the new-generation Kaby Lake desktop processors in the third quarter, and Broadwell-E server-class variant would be updated too, which would effectively drive the demand for Intel’s offerings.

Shall not be reproduced without permission:EXPREVIEW » Intel Raises Its Revenue Forecast for Q3 2016

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