Intel's third-quarter results modestly beat expectations on Tuesday, but its current-quarter revenue outlook fell short and it warned that production of its upcoming Broadwell processors was delayed.
The world's top chipmaker is betting that its current Haswell PC processor with improved battery life will boost sales for the rest of 2013, beyond the typically strong third quarter when PC manufacturers buy chips in anticipation of holiday demand.
But preparations for the Broadwell chip, which will succeed Haswell, have fallen behind projections by about three months due to technical setbacks, Brian Krzanich told analysts on a conference call following Intel's quarterly report on Tuesday.
The chip maker's shares ticked higher after the report. (Click here for the latest after-hours quote.)
He said production of the Broadwell chips, based on the 14 nanometer technology that is ahead of rivals' technology, will not begin until the first quarter.
"We and our (manufacturing) partners have a strong desire to get Broadwell to the market," Krzanich said. "This is a small blip in the schedule."