AMD Cuts Guidance; Q3 Prelim Gross Margin 31%, Had Seen 44%; Q3 Prelim Revenue Dow About 10% vs Q2, Had Seen Down 1%
AMD (NYSE: AMD) today announced that revenue for the third quarter ended September 29, 2012 is expected to decrease approximately 10 percent sequentially. The company previously forecasted third quarter 2012 revenue to decrease 1 percent, plus or minus 3 percent, sequentially. The lower than anticipated preliminary revenue results are primarily due to weaker than expected demand across all product lines caused by the challenging macroeconomic environment.
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