AMD revises Q2 guidance; gross margin, revenue fall
by from Techreport on (#DGDF)
AMD is revising its Q2 2015 financial guidance. The company expects that sequential revenue and gross margin will both decline more than previously expected. Sequential revenue is expected to fall eight percent, as opposed to the three percent (plus or minus three percent) decrease that the company estimated at the end of the first quarter. Non-GAAP gross margin for the quarter will end up around 28 percent, as opposed to the 32-percent figure provided previously.
The reasons for the change in guidance are two-fold. First, the firm cites lower-than-expected ...