Intel's fourth-quarter revenue to be below expectations due to HDD supply shortages

Intel fourth-quarter to be below expectations due to Thailand floods and HDD supply shortages.

@anthony256
Published Mon, Dec 12 2011 9:29 PM CST   |   Updated Tue, Nov 3 2020 12:30 PM CST

Intel have just announced that their fourth-quarter results are going to be lower than their previous outlook due to the Thailand floods and the resulting shortage on hard drive supplies. Intel now expects a fourth-quarter revenue of $13.7 billion, plus or minus $300 million, on both a GAAP and non-GAAP basis, lower than the previous expectation of $14.7 billion, plus or minus $500 million.

Intel's fourth-quarter revenue to be below expectations due to HDD supply shortages | TweakTown.com

Sales of PCs are expected to be up sequentially in Q4. But, the worldwide PC supply chain is reducing inventories and microprocessor purchases as a result of hard disk drive supply shortages. Intel expects the HDD supply shortages to continue into Q1 2012, followed by a rebuilding of microprocessor inventories as supplies of HDDs recover during 1H 2012.

Intel expects the fourth-quarter gross margin to be 64.5-percent, plus or minus a couple of percentage points, lower than the previous expectations of 65-percent, plus or minus a few percentage points. The expectation for a non-GAAP gross margin is 65.5-percent, plus or minus a few percentage points, lower than the previous expectations of 66-percent, plus or minus a few percentage points.

All other expectations from Intel remain unchanged.

NEWS SOURCE:newsroom.intel.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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