earnings
confidence high
sentiment negative
materiality 0.85
NVIDIA Q2 prelim revenue $6.70B vs outlook $8.10B; gaming revenue plunges 44%
NVIDIA CORP
2023-Q2 EPS reported
$0.90
revenue$14,992,000,000
- Preliminary Q2 revenue $6.70B, down 19% QoQ and 3% YoY, missing $8.10B guidance.
- Gaming revenue $2.04B, down 44% QoQ and 33% YoY; channel pricing programs implemented.
- Data Center revenue $3.81B, up 61% YoY but below expectations due to supply chain issues.
- Recorded ~$1.32B in charges, primarily inventory reserves, due to revised demand outlook.
- Company slowing OpEx growth, continuing share buybacks; long-term gross margin profile intact.