Intel Updates Fourth-Quarter Business Expectations

Revenue Expected to be Between $9.3 Billion and $9.5 Billion
SANTA CLARA, Calif., Dec. 2, 2004 — Intel Corporation expects revenue for the fourth quarter to be between $9.3 billion and $9.5 billion, higher than the previous range of $8.6 billion to $9.2 billion, driven by strong worldwide demand for the company’s Intel Architecture products.

The fourth-quarter gross margin percentage is expected to be between 55 percent and 57 percent, as compared to the previous expectation of 56 percent, plus or minus a couple of points, and is expected to be in the upper half of the revised range. Intel continues to make progress on inventory reduction and expects a net inventory decrease of several hundred million dollars by the end of the quarter. All other expectations are unchanged.

Read the Complete Press Release