6/13/2023 0 Comments Nvda earning ceoFellow gaming companies including Microsoft ( MSFT), Sony ( SONY), Nintendo ( NTDOY), and others have also reported a drop in game hardware spending. 8, warnings investors that the company was going to miss on its own expectations for the quarter as gaming sales continued to plummet.Īccording to the company's numbers, gaming segment revenue dropped an eye-watering 33% year-over-year and 44% quarter-over-quarter. Nvidia released its preliminary earnings on Aug. "We are navigating our supply chain transitions in a challenging macro environment and we will get through this,” Nvidia founder and CEO Jensen Huang said in a statement. Wall Street was looking for $6.9 billion. Nvidia also announced Q3 revenue projections that fell short of expectations, saying it will bring in $5.9 billion in the quarter. Shares of Nvidia were down more than 2% following the announcement. Net income for the company fell 72% year-over-year to $656 million. Gaming: $2.0 billion versus $2.0 billion expected Revenue: $6.7 billion versus $6.7 billion expectedĭata Center: $3.8 billion versus $3.8 billion expected Here are the most important numbers from the report compared to what analysts were expecting. Nvidia ( NVDA) announced its fiscal Q2 earnings after the bell on Wednesday, missing on earnings per share and falling short on Q3 forecasts amid a slowdown in PC and gaming sales following the explosive growth the sectors saw in 20. Occupation, Businessman, electrical engineer Title, Co-founder, president and CEO, Nvidia Corporation Spouse, Lori Huang Children, 2 Traditional Chinese.
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