Intel Corporation said its financial results for the first quarter of the year will be within expectations despite of analysts’ suggestions. The world’s largest chipmaker reaffirmed its strong sales and gross margins.
Revenue expectation for the first quarter was narrowed to between $8.0 billion and $8.2 billion, as compared to the previous range of $7.9 billion to $8.5 billion. The gross margin percentage is expected to be 60%, plus or minus a point, as compared to the previous expectation of 60% plus or minus a couple of points.
Demand for the company’s Intel Architecture products, such as microprocessors, is consistent with the lower end of normal seasonal patterns and significantly higher than in the same period last year, Intel said. Demand for Intel’s communications products is in line with the company’s expectations at the beginning of the quarter. All other expectations are unchanged.