Regarding the potential for stronger competition this upcoming cycle from In a phone interview after the call, Chief Financial Officer Colette Kress said Nvidia’s products using their new chip architecture will be “coming soon.” When asked if the pricing structure for the current generation Ampere cards is sustainable for the next one, she said they will look at market conditions at launch to set pricing. Snowflake Crushes Sales Growth Estimates.Nvidia was “unable to quantify” the extent to which reduced cryptocurrency mining drove the decline in gaming card sales.
Both prices and the number of units sold deteriorated during the quarter, an executive said. On a conference call to discuss the results, management said Nvidia saw a “sudden slowdown” in demand. At the time it blamed weaker-than-expected gaming segment sales. “We are navigating our supply chain transitions in a challenging macro environment and we will get through this,” said Jensen Huang, founder and CEO of Nvidia, in the release.Įarlier this month, Nvidia preannounced disappointing results for its fiscal second quarter.
For the current quarter, Nvidia said revenue will be in a range with a midpoint of $5.9 billion, which was way below the consensus call of $6.9 billion. ) had issued earlier and analysts’ recently reduced expectations. Revenue came in at $6.7 billion, which was in line with both a negative preannouncement The semiconductor company reported adjusted earnings per share of 51 cents for the July quarter, compared with the consensus estimate of 50 cents among analysts tracked by
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