The US chip group Intel is cautious in view of supply chain uncertainties and concerns about weaker PC demand.
Revenues of $18 billion are expected for the current quarter, Intel announced on Thursday after the stock market closed.
This would correspond to a minus of two percent compared to the previous quarter and almost three percent compared to the same quarter of the previous year.
In the first quarter, sales fell one percent to $18.4 billion.
The caution did not go down well on the stock market.
Intel shares lost five percent in after-hours trading.
Intel is in the middle of the current chip crisis, which is primarily affecting car groups and technology companies, on an unprecedented expansion course.
Among other things, the group is investing around 17 billion dollars in the construction of two semiconductor plants in Magdeburg, Saxony-Anhalt, and up to 100 billion dollars in a huge production facility in the US state of Ohio.
Analysts and experts now fear that the group is building up too much capacity, which could soon exceed demand given the global economic slowdown.
At the moment, however, Intel is likely to be primarily concerned with the lockdowns in China and the weakness in the PC business, which was still doing extremely well during the Corona crisis.