AMD Raises Fourth Quarter Sales Expectations
Dec 06, 2002
Anticipates sales approaching $700 million, an increase of around 35 percent, on stronger than expected PC processor demand and continued strength in high-density Flash memory device demand
AMD (NYSE:AMD) today announced it is raising its financial guidance for the fourth quarter of 2002 based on stronger than expected PC processor demand and continued strength in AMD high-density Flash memory products.
AMD is currently projecting fourth quarter sales to approach $700 million, an increase of approximately 35 percent over third quarter 2002 sales of $508 million. AMD had previously stated an expected sales increase of 20 percent or more in the fourth quarter of 2002 compared to the third quarter ended September 29, 2002.
The company said its Flash memory product sales, particularly in the high-end mobile phone market, continued to be strong. AMD also forecasted better than expected sales across its PC processor line, the result of a more competitive and richer product mix and increased seasonal demand for personal computers.
AMD will report its fourth quarter 2002 results on January 16, 2003.