This renewed guidance is really all about lower sales due to the PC market.Operating expenses are expected to be lower than expected, but the gross margin would also be lower than expected.Data Center revenue is still expected to be 45% higher than a year ago, and revenue from the gaming segment will be 14% higher.The slowdown reflects lower demand from the PC market which has led to revenue for the Client segment falling ~40% year on year, and 53% from the second quarter.This will reflect year-on-year growth of 29% where it was previously expected to be 55%. AMD expects third-quarter revenue to be about $5.6 billion, compared to previous estimates of $6.7 billion.In summary, the release indicated that revenue will be substantially lower than expected due to softer demand from the PC market. AMD is well positioned for the long term, but there are risks to the share price in the medium term.Īdvanced Micro Device's ( Nasdaq: AMD) shares price fell sharply on Friday after the company released selected preliminary third-quarter results.Demand from the PC market has dropped substantially compared to previous quarters.AMD has announced that third-quarter revenue will be ~14% lower than expected.

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