However, the analyst has in no way turned into an NVDA bear.

Investors were evidently disappointed and while Rosenblatt’s Hans Mosesmann saw a revision coming, he is still taken aback by the extent of it. Analysts were calling for $3.04 billion.ĭata center sales are expected to reach $3.81 billion, a quarter-over-quarter increase of 1% and a 61% year-over-year uptick but falling short of the consensus estimate of $3.99 billion. Gaming revenue is now expected to come in at $2.04 billion, a 44% sequential drop and 33% below the year ago period’s haul. Nvidia put the lackluster performance down to a poor display of its gaming segment – a reflection of the macroeconomic climate and consumers cutting back on discretionary spending. The company is set to report the quarter’s financials on August 24.

Nvidia now sees Q2 revenue hitting $6.7 billion, an increase from the $6.5 billion delivered in the same period a year ago, but some distance below its previous outlook for $8.1 billion – and what the Street was expecting. The chip giant released preliminary financial results for its fiscal second quarter (F2Q23 – July quarter) and got a thumbs down from the Street. Anyone still expecting Nvidia ( NVDA ) to deliver a beat-and-raise quarterly report got a rude awakening on Monday.

Nvda news from 2 years ago