Intel lowers Q3 revenue guidance to $16.1B-$16.5B due to supply chain challenges and tougher PC market.

Intel (NASDAQ:INTC) updated its Q3 earnings guidance, reflecting a possible decline in revenue amidst ongoing supply chain challenges and a tougher-than-expected PC market. The chipmaker now expects Q3 revenue of $16.1B-$16.5B, down from its previous estimate of $16.4B-$17.4B. The company also revised its full-year revenue outlook to $64B-$68B, compared to its previous forecast of $70B-$72B.

August 04, 2024
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