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NVIDIA sees lower than expected revenue
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Posted on Wednesday, July 28 2010 @ 23:12:58 CEST by Thomas De Maesschalck |
NVIDIA gave a warning to investors that its fiscal second quarter revenue will fall short of expectations. Due to a revenue shortfall in the company's consumer GPU business, total revenue is now estimated at $800 million to $820 million, versus the range of $950 million to $970 million provided on May 13th. The weak sales are attributed to increased memory cost and economic weakness in Europa and China, which resulted in a greater-than-expected shift to lower-priced graphics cards and systems with integrated graphics.
NVIDIA (NASDAQ: NVDA) today announced that it expects revenue for the second quarter ending Aug. 1, 2010, to be lower than the guidance provided with the company's financial results for its first quarter.
Total revenue is now estimated at $800 million to $820 million, compared with the range of $950 million to $970 million provided on May 13, 2010.
The revenue shortfall occurred primarily in the consumer GPU business, resulting from increased memory costs and economic weakness in Europe and China. The increased solution cost of discrete GPUs led to a greater-than-expected shift to lower-priced GPUs and PCs with integrated graphics.
No conference call will be held in conjunction with this business update. Additional commentary pertaining to the second quarter will be available when NVIDIA reports its second quarter financial results on Aug. 12, 2010.
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