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07.06.2015 - AMD Updates Second Quarter Outlook

View AMD related news. SUNNYVALE, CA -- (Marketwired) -- 07/06/15 -- AMD (NASDAQ: AMD) today announced that revenue for the second quarter ended June 27, 2015 is expected to be lower than previously guided. The company now expects second quarter revenue to decrease approximately 8 percent sequentially, compared to the previous guidance of down 3 percent, plus or minus 3 percent. The sequential decrease is primarily due to weaker than expected consumer PC demand impacting the company's Original Equipment Manufacturer (OEM) APU sales. The company expects second quarter channel sales and channel inventory reduction efforts to be in-line with the company's plans. The company anticipates non-GAAP gross margin to be...

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NID: 54940 / Submitted by: The Zilla of Zuron
Categories: Press Release
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