Intel Expects Third Quarter Results Higher Than Indicated Earlier

Revenues in the third quarter of 1996 are expected to be up 5 percent or more from second quarter revenue of $4.62 billion. Gross margin percentage in the third quarter is expected to be above the 50 percent plus or minus a couple of points that has served as Intel’s model. In the "turns" environment we are experiencing in the third quarter, in which many customers place orders for immediate delivery, business levels are inherently difficult to predict and appear to be better than originally expected.

Intel plans to report third quarter 1996 earnings on Monday, October 14 after the market close. The report will be available on the Internet at http://www.intel.com/pressroom/.

The statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. In addition to the factors discussed above, among the other factors that could cause actual results to differ materially are the following: variations in inventory valuation; risks associated with foreign operations; changes in the mix of microprocessor speeds and related motherboards; costs and yield issues associated with production at factories; litigation involving intellectual property and consumer issues; and other risk factors listed from time to time in the company's SEC reports, including but not limited to the report on Form 10-Q for the quarter ended June 29, 1996 (Part I, Item 2, Outlook section).

Intel, the world's largest chip maker, is also a leading manufacturer of personal computer, networking, and communications products. Through innovative technologies, Intel is committed to improving the Internet experience for PC consumers. Additional information is available at http://www.intel.com/pressroom/.

More information

• Intel Corporate News
• Read previous Corporate News press releases.
• Additional information on Intel is available at www.intel.com/pressroom.