AMD Cuts Revenue Forecast Amid Worst Slump in PC Shipments in Years

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AMD’s sales in the third quarter are expected to be down 15% from the prior quarter, though up 29% from the year-ago period. Photo: David Paul Morris/Bloomberg News

Advanced Micro Devices cut its revenue forecast for the most recent quarter citing weaker-than-expected demand for the personal computers that use its chips.

The chip maker, which sells central processing units for laptops and desktops alongside a large videogame graphics chip business, on Thursday said it expected about $5.6 billion of sales in the just-ended quarter, about $1.1 billion less than it previously said it was expecting when it issued a subdued outlook in August.

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