NVIDIA Corp Q2 2023 Earnings Call Summary - Thomson StreetEvents

NVIDIA Corp Q2 2023 Earnings Call Summary

NVIDIA Corp Q2 2023 Earnings Call Summary - Thomson StreetEvents
NVIDIA Corp Q2 2023 Earnings Call Summary
Published Aug 24, 2022
17 pages (9525 words) — Published Aug 24, 2022
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of NVDA.OQ earnings conference call or presentation 24-Aug-22 9:00pm GMT

  
Brief Excerpt:

...A. Highlights: A challenging qtr. 1. 2. Total revenue $6.7b, down 19% sequentially and up 3% YonY, below $8.1b outlook provided on last earnings call. 3. As indicated in pre-announcement press release on 08/08/2022, Co. experienced shortfall to expectations, driven primarily by weaker gaming revenue. B. Gaming: Revenue $2.04b. 1. Down 44% sequentially. a. b. Down 33% YonY. c. Reflects challenging market conditions. 2. As discussed in May, expected sequential decline in Gaming revenue due to softness in Europe related to Ukraine war and COVID lockdowns in China. 3. Decline in Gaming GPU revenue was sharper than anticipated, driven by: Lower units. a. b. Lower ASPs. 4. Macroeconomic headwinds across the world drove sudden slowdown in consumer demand. 5. Implemented programs with gaming channel partners to adjust pricing in the channel and to price position current high-end desktop GPUs as Co. prepares for new architectural launch. 6. As noted last qtr., Co. had expected cryptocurrency mining...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
NVIDIA Corp
Ticker
NVDA.OQ
Time
9:00pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "NVIDIA Corp Q2 2023 Earnings Call Summary" Aug 24, 2022. Alacra Store. May 01, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-NVIDIA-Corp-Earnings-Call-B15271912>
  
APA:
Thomson StreetEvents. (2022). NVIDIA Corp Q2 2023 Earnings Call Summary Aug 24, 2022. New York, NY: Alacra Store. Retrieved May 01, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-NVIDIA-Corp-Earnings-Call-B15271912>
  
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