AMD revealed a Q2 revenue forecast showing an 8% drop in expected turnover, far greater than the 3% drop originally forecast.
The fallout saw the chip maker’s share price tumble 15%.
AMD said weaker than predicted consumer PC demand was behind the drop. It also revealed that gross margins would be 28% not
32% as originally estimated.
Rumours of a possible takeover continue to circulate with Microsoft named as a possible suitor.
AMD will reveal its Q2 earnings on July 16th.
