The industry bellwether said in its traditional midquarter update that it would turn in revenue of between $8 billion and $8.2 billion for the quarter, as opposed to its previous forecast of revenue between $7.9 billion and $8.5 billion, set during its fourth-quarter 2003 financial report in January.
The update moves the midpoint of Intel's revenue guidance--a figure analysts generally use as a de facto revenue estimate for the company--to $8.1 billion from $8.2 billion.