The decline in Gaming GPU revenue was sharper than anticipated, driven by both lower units and lower ASPs. As discussed in May, we expected a sequential decline in Gaming revenue due to softness in Europe related to the war in Ukraine and COVID lockdowns in China. Revenue of $2.04 billion was down 44% sequentially and down 33% year-on-year, reflecting challenging market conditions. Today, we will share with you more details on our Q2 results and Q3 outlook. As we indicated in our pre-announcement press release on August 8, we experienced a shortfall to our expectations driven primarily by weaker Gaming revenue. Total revenue of $6.7 billion was down 19% sequentially and up 3% year-on-year, below the $8.1 billion outlook we provided on our last earnings call. With that, let me turn the call over to Colette. You can find a reconciliation of these non-GAAP financial measures to GAAP financial measures in our CFO commentary, which is posted on our website. Except as required by law, we assume no obligation to update any such statements.ĭuring this call, we will discuss non-GAAP financial measures. All our statements are made as of today, August 24, 2022, based on information currently available to us. Our most recent Forms 10-K and 10-Q and the reports that we may file on Form 8-K with the Securities and Exchange Commission. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today’s earnings release. These are subject to a number of significant risks and uncertainties, and our actual results may differ materially. It can’t be reproduced or transcribed without our prior written consent.ĭuring this call, we may make forward-looking statements based on current expectations. The content of today’s call is NVIDIA’s property. The webcast will be available for replay until the conference call to discuss our financial results for the third quarter of fiscal 2023. I’d like to remind you that our call is being webcast live on NVIDIA’s Investor Relations website. With me today from NVIDIA are Jensen Huang, President and Chief Executive Officer and Colette Kress, Executive Vice President and Chief Financial Officer. Ĭonference call for the second quarter of fiscal 2023.

After the speakers’ remarks, there will be question-and-answer session. All lines have been placed on mute to prevent any background noise. At this time, I would like to welcome everyone to NVIDIA’s Second Quarter Earnings Call. My name is Regina, and I will be your conference operator today. NVIDIA Corporation ( NASDAQ: NVDA) Q2 2023 Results Conference Call Aug5:00 PM ET

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