Nvidia issued the forecast just two weeks after warning that sales for the latest quarter would come in well below original expectations. The company blamed declining demand for chips used in gaming computers, citing “challenging market conditions.”
Nvidia Corp., which warned earlier this month that its sales were slipping, gave a disappointing forecast for the current period that added to signs of weakness in the semiconductor industry.
Fiscal third-quarter revenue will be about US$5.9 billion, the company said late Wednesday in a statement. That compares with an average analyst estimate of US$6.92 billion. Gross margin, the percentage of sales remaining after deducting the cost of production, will be 65%, minus certain items.
