Intel said the guidance increase comes as inventory in the PC supply chain needed to be replenished, and that the company had seen “some signs of improving PC demand”.
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The shares rose as much as 4.8 percent to $38.30.
Intel, the world’s largest chipmaker, has been struggling as tech users shift away from PCs to mobile phones for their computing needs.
The company is forecasting the mid-point of the third-quarter GAAP gross margin range at 62 percent, plus or minus a couple of points, up 2 points versus the prior third-quarter GAAP outlook gross margin midpoint of 60 percent, driven mostly by higher PC unit volume.
The chip maker said it now expects third-quarter revenue of $15.6 billion, plus or minus $300 million, up from a previous range of $14.9 billion, plus or minus $500 million.
However, global PC shipments fell less than expected in the second quarter, helped by strength in the United States, according to research firm IDC. Analysts surveyed by FactSet had expected revenue of $14.87 billion.
Intel Corp. raised its forecast for third-quarter sales Friday, citing a recovery in the computer market.
Midpoint Q3 gross margin forecasted at 63% (+/- a few points) vs. previously forecasted 62% midpoint.
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Intel will report complete third-quarter results on October 18.
