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.
NVIDIA sees lower than expected revenue
Posted on Wednesday, July 28 2010 @ 23:12 CEST by Thomas De Maesschalck