{"id":65899,"date":"2022-08-08T18:11:06","date_gmt":"2022-08-08T16:11:06","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=65899"},"modified":"2022-08-08T18:11:06","modified_gmt":"2022-08-08T16:11:06","slug":"nvidia-announces-preliminary-financial-results-for-second-quarter-fiscal-2023","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/65899-nvidia-announces-preliminary-financial-results-for-second-quarter-fiscal-2023\/","title":{"rendered":"<span class=\"caps\">NVIDIA<\/span> Announces Preliminary Financial Results for Second Quarter Fiscal 2023"},"content":{"rendered":"<p>Mon\u00adday, August 8,&nbsp;2022<\/p>\n<ul type=\"disc\">\n<li>Preli\u00admi\u00adna\u00adry second quar\u00adter reve\u00adnue of $6.70 bil\u00adli\u00adon ver\u00adsus out\u00adlook of $8.10 billion<\/li>\n<li>Short\u00adfall ver\u00adsus out\u00adlook pri\u00adma\u00adri\u00adly dri\u00adven by wea\u00adk\u00ader Gam\u00ading revenue<\/li>\n<li>Manage\u00adment to dis\u00adcuss finan\u00adcial results and out\u00adlook on Aug. 24 ear\u00adnings&nbsp;call<\/li>\n<\/ul>\n<p><span class=\"caps\">NVIDIA<\/span> (<span class=\"caps\">NASDAQ<\/span>: <span class=\"caps\">NVDA<\/span>) today announ\u00adced sel\u00adec\u00adted preli\u00admi\u00adna\u00adry finan\u00adcial results for the second quar\u00adter ended July 31,&nbsp;2022.<\/p>\n<p>Second quar\u00adter reve\u00adnue is expec\u00adted to be appro\u00adxi\u00adm\u00adate\u00adly $6.70 bil\u00adli\u00adon, down 19% sequen\u00adti\u00adal\u00adly and up 3% from the pri\u00ador year, pri\u00adma\u00adri\u00adly reflec\u00adting wea\u00adk\u00ader than fore\u00adcas\u00adted Gam\u00ading reve\u00adnue. Gam\u00ading reve\u00adnue was $2.04 bil\u00adli\u00adon, down 44% sequen\u00adti\u00adal\u00adly and down 33% from the pri\u00ador year. Data Cen\u00adter reve\u00adnue was $3.81 bil\u00adli\u00adon, up 1% sequen\u00adti\u00adal\u00adly and up 61% from the pri\u00ador&nbsp;year.<\/p>\n<p>The short\u00adfall rela\u00adti\u00adve to the May reve\u00adnue out\u00adlook of $8.10 bil\u00adli\u00adon was pri\u00adma\u00adri\u00adly attri\u00adbu\u00adta\u00adble to lower sell-in of Gam\u00ading pro\u00adducts reflec\u00adting a reduc\u00adtion in chan\u00adnel part\u00adner sales likely due to macroe\u00adco\u00adno\u00admic head\u00adwinds. In addi\u00adti\u00adon to redu\u00adcing sell-in, the com\u00adpa\u00adny imple\u00admen\u00adted pri\u00adcing pro\u00adgrams with chan\u00adnel part\u00adners to reflect chal\u00adlen\u00adging mar\u00adket con\u00addi\u00adti\u00adons that are expec\u00adted to per\u00adsist into the third quarter.<\/p>\n<p>Data Cen\u00adter reve\u00adnue, though a record, was some\u00adwhat short of the company\u2019s expec\u00adta\u00adti\u00adons, as it was impac\u00adted by sup\u00adp\u00adly chain disruptions.<\/p>\n<p>Second quar\u00adter results are expec\u00adted to include appro\u00adxi\u00adm\u00adate\u00adly $1.32 bil\u00adli\u00adon of char\u00adges, pri\u00adma\u00adri\u00adly for inven\u00adto\u00adry and rela\u00adted reser\u00adves, based on revi\u00adsed expec\u00adta\u00adti\u00adons of future demand.<\/p>\n<p><span class=\"dquo\">\u201c<\/span>Our gam\u00ading pro\u00adduct sell-through pro\u00adjec\u00adtions decli\u00adned signi\u00adfi\u00adcant\u00adly as the quar\u00adter pro\u00adgres\u00adsed,\u201d said Jen\u00adsen Huang, foun\u00adder and <span class=\"caps\">CEO<\/span> of <span class=\"caps\">NVIDIA<\/span>. \u201cAs we expect the macroe\u00adco\u00adno\u00admic con\u00addi\u00adti\u00adons affec\u00adting sell-through to con\u00adti\u00adnue, we took actions with our Gam\u00ading part\u00adners to adjust chan\u00adnel pri\u00adces and inventory.<\/p>\n<p><span class=\"dquo\">\u201c<\/span><span class=\"caps\">NVIDIA<\/span> has excel\u00adlent pro\u00adducts and posi\u00adti\u00adon dri\u00adving lar\u00adge and gro\u00adwing mar\u00adkets. As we navi\u00adga\u00adte the\u00adse chal\u00adlenges, we remain focu\u00adsed on the once-in-a-gene\u00adra\u00adti\u00adon oppor\u00adtu\u00adni\u00adty to reinvent com\u00adpu\u00adting for the era of <span class=\"caps\">AI<\/span>,\u201d he&nbsp;said.<\/p>\n<p><span class=\"dquo\">\u201c<\/span>The signi\u00adfi\u00adcant char\u00adges incur\u00adred in the quar\u00adter reflect pre\u00advious long-term purcha\u00adse com\u00admit\u00adments we made during a time of seve\u00adre com\u00adpo\u00adnent shorta\u00adges and our cur\u00adrent expec\u00adta\u00adti\u00adon of ongo\u00ading macroe\u00adco\u00adno\u00admic uncer\u00adtain\u00adty,\u201d said Colet\u00adte Kress, <span class=\"caps\">EVP<\/span> and <span class=\"caps\">CFO<\/span> of <span class=\"caps\">NVIDIA<\/span>.<\/p>\n<p><span class=\"dquo\">\u201c<\/span>We belie\u00adve our long-term gross mar\u00adgin pro\u00adfi\u00adle is int\u00adact. We have slo\u00adwed ope\u00adra\u00adting expen\u00adse growth, balan\u00adcing invest\u00adments for long-term growth while mana\u00adging near-term pro\u00adfi\u00adta\u00adbi\u00adli\u00adty. We plan to con\u00adti\u00adnue stock buy\u00adbacks as we fore\u00adsee strong cash gene\u00adra\u00adti\u00adon and future growth,\u201d she&nbsp;said.<\/p>\n<table class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\"><strong><span class=\"caps\">Q2<\/span> <span class=\"caps\">FY23<\/span> Out\u00adlook<\/strong><sup><strong>1<\/strong><\/sup><\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\"><strong><span class=\"caps\">Q2<\/span> <span class=\"caps\">FY23<\/span> Preli\u00admi\u00adna\u00adry Results<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Reve\u00adnue<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\">$8.10 bil\u00adli\u00adon, plus or minus&nbsp;2%<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\">$6.70 bil\u00adli\u00adon<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Gross mar\u00adgin \u2013&nbsp;<span class=\"caps\">GAAP<\/span><br>\nGross mar\u00adgin \u2013 non-GAAP<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\">65.1%, plus or minus 50&nbsp;bps<br>\n67.1%, plus or minus 50&nbsp;bps<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\">43.7%, plus or minus 50&nbsp;bps<br>\n46.1%, plus or minus 50&nbsp;bps<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Ope\u00adra\u00adting expen\u00adses \u2013&nbsp;<span class=\"caps\">GAAP<\/span><br>\nOpe\u00adra\u00adting expen\u00adses \u2013 non-GAAP<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\">$2.46 bil\u00adli\u00adon<br>\n$1.75 billion<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\">$2.42 bil\u00adli\u00adon<br>\n$1.75 billion<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\"><span class=\"caps\">GAAP<\/span> and non-GAAP other inco\u00adme and expense<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\">$40 mil\u00adli\u00adon expense<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\">$24 mil\u00adli\u00adon and $16 mil\u00adli\u00adon expen\u00adse, respectively<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\"><span class=\"caps\">GAAP<\/span> and non-GAAP tax&nbsp;rate<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\">12.5%, plus or minus 1%, exclu\u00adding dis\u00adcrete&nbsp;items<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\">-35% <span class=\"caps\">GAAP<\/span> (bene\u00adfit) and 2% non-GAAP, inclu\u00adding dis\u00adcrete&nbsp;items<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><sup>1&nbsp;<\/sup>Announ\u00adced in May 2022 in con\u00adnec\u00adtion with the company\u2019s press release announ\u00adcing its finan\u00adcial results for first quar\u00adter fis\u00adcal&nbsp;2023.<\/p>\n<table class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_middle\"><strong>Reve\u00adnue by Mar\u00adket Platform<\/strong><br>\n<strong><em>($ in billions)<\/em><\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_middle\"><strong><span class=\"caps\">Q2<\/span> <span class=\"caps\">FY23<\/span><br>\nPreli\u00admi\u00adna\u00adry Results<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\"><strong>Q\/Q<\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\"><strong>Y\/Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_middle\">Gam\u00ading<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_top\">$2.04<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">Down 44%<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">Down 33%<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_middle\">Data Cen\u00adter<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_top\">3.81<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">Up 1%<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">Up 61%<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_middle\">Pro\u00adfes\u00adsio\u00adnal Visualization<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_top\">0.50<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">Down 20%<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">Down 4%<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_middle\">Auto\u00admo\u00adti\u00adve<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_top\">0.22<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">Up 59%<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">Up 45%<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_middle\"><span class=\"caps\">OEM<\/span> and&nbsp;Other<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_top\">0.13<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">Down 12%<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">Down 66%<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_middle\">Total<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_padding_left_none gnw_align_right hugin gnw_vertical_align_middle\">$6.70<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">Down 19%<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">Up 3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The preli\u00admi\u00adna\u00adry results for the second quar\u00adter ended July 31, 2022, are an esti\u00adma\u00adte, based on infor\u00adma\u00adti\u00adon available to manage\u00adment as of the date of this release, and are sub\u00adject to fur\u00adther chan\u00adges upon com\u00adple\u00adti\u00adon of the company\u2019s stan\u00addard quar\u00adter and year-end clo\u00adsing pro\u00adce\u00addu\u00adres. This update does not pre\u00adsent all neces\u00adsa\u00adry infor\u00adma\u00adti\u00adon for an under\u00adstan\u00adding of <span class=\"caps\">NVIDIA<\/span>\u2019s finan\u00adcial con\u00addi\u00adti\u00adon as of the date of this release, or its results of ope\u00adra\u00adti\u00adons for the second quar\u00adter. As <span class=\"caps\">NVIDIA<\/span> com\u00adple\u00adtes its quar\u00adter-end finan\u00adcial clo\u00adse pro\u00adcess and fina\u00adli\u00adzes its finan\u00adcial state\u00adments for the quar\u00adter, it will be requi\u00adred to make signi\u00adfi\u00adcant judgments in a num\u00adber of are\u00adas. It is pos\u00adsi\u00adble that <span class=\"caps\">NVIDIA<\/span> may iden\u00adti\u00adfy items that requi\u00adre it to make adjus\u00adt\u00adments to the preli\u00admi\u00adna\u00adry finan\u00adcial infor\u00adma\u00adti\u00adon set forth abo\u00adve and tho\u00adse chan\u00adges could be mate\u00adri\u00adal. <span class=\"caps\">NVIDIA<\/span> does not intend to update such finan\u00adcial infor\u00adma\u00adti\u00adon pri\u00ador to release of its final second quar\u00adter finan\u00adcial state\u00adment infor\u00adma\u00adti\u00adon, which is curr\u00adent\u00adly sche\u00addu\u00adled for Aug. 24,&nbsp;2022.<\/p>\n<p><strong>Con\u00adfe\u00adrence Call and Web\u00adcast Information<\/strong><br>\n<span class=\"caps\">NVIDIA<\/span> will host a con\u00adfe\u00adrence call on Wed\u00adnes\u00adday, Aug. 24, at 2 p.m. <span class=\"caps\">PT<\/span> (5 p.m. <span class=\"caps\">ET<\/span>), to dis\u00adcuss its finan\u00adcial results for the second quar\u00adter of fis\u00adcal year&nbsp;2023.<\/p>\n<p>The call will be web\u00adcast live (in lis\u00adten-only mode) on&nbsp;<a title=\"investor.nvidia.com\" href=\"https:\/\/investor.nvidia.com\/home\/default.aspx\" target=\"_blank\" rel=\"nofollow noopener\">investor.nvidia.com<\/a>. The company\u2019s pre\u00adpared remarks will be fol\u00adlo\u00adwed by a ques\u00adti\u00adon-and-ans\u00adwer ses\u00adsi\u00adon, which will be limi\u00adt\u00aded to ques\u00adti\u00adons from finan\u00adcial ana\u00adlysts and insti\u00adtu\u00adtio\u00adnal investors.<\/p>\n<p>Ahead of the call, <span class=\"caps\">NVIDIA<\/span> will pro\u00advi\u00adde writ\u00adten com\u00admen\u00adta\u00adry on its second-quar\u00adter results from its <span class=\"caps\">CFO<\/span>, Colet\u00adte Kress. This mate\u00adri\u00adal will be pos\u00adted to&nbsp;<a title=\"investor.nvidia.com\" href=\"https:\/\/investor.nvidia.com\/home\/default.aspx\" target=\"_blank\" rel=\"nofollow noopener\">investor.nvidia.com<\/a>&nbsp;imme\u00addia\u00adte\u00adly after the company\u2019s results are publicly announ\u00adced at appro\u00adxi\u00adm\u00adate\u00adly 1:20 p.m.&nbsp;<span class=\"caps\">PT<\/span>.<\/p>\n<p>The web\u00adcast will be recor\u00added and available for replay until the company\u2019s con\u00adfe\u00adrence call to dis\u00adcuss finan\u00adcial results for its third quar\u00adter of fis\u00adcal year&nbsp;2023.<\/p>\n<p><strong>Non-GAAP Mea\u00adsu\u00adres<\/strong><br>\nIn addi\u00adti\u00adon to U.S. <span class=\"caps\">GAAP<\/span> finan\u00adcial mea\u00adsu\u00adres, this press release includes preli\u00admi\u00adna\u00adry esti\u00adma\u00adtes of non-GAAP mea\u00adsu\u00adres of cer\u00adtain com\u00adpon\u00adents of finan\u00adcial per\u00adfor\u00admance. The\u00adse preli\u00admi\u00adna\u00adry esti\u00adma\u00adtes of non-GAAP mea\u00adsu\u00adres include non-GAAP gross mar\u00adgin, ope\u00adra\u00adting expen\u00adses, other inco\u00adme and expen\u00adse, and inco\u00adme tax expense.<\/p>\n<p>The\u00adse non-GAAP finan\u00adcial mea\u00adsu\u00adres exclude stock-based com\u00adpen\u00adsa\u00adti\u00adon expen\u00adse, acqui\u00adsi\u00adti\u00adon-rela\u00adted and other cos\u00adts, gains or los\u00adses from non-affi\u00adlia\u00adted invest\u00adments, inte\u00adrest expen\u00adse rela\u00adted to amor\u00adtiza\u00adti\u00adon of debt dis\u00adcount and the asso\u00adcia\u00adted tax impact of the\u00adse items, whe\u00adre applicable.<\/p>\n<p>A preli\u00admi\u00adna\u00adry updated recon\u00adci\u00adlia\u00adti\u00adon of <span class=\"caps\">GAAP<\/span> to non-GAAP gross mar\u00adgin, ope\u00adra\u00adting expen\u00adses, other inco\u00adme and expen\u00adses and tax rate is as follows:<\/p>\n<table class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\"><strong>Recon\u00adci\u00adlia\u00adti\u00adon of <span class=\"caps\">GAAP<\/span> to non-GAAP Finan\u00adcial Measures<\/strong><br>\n<strong><em>($ in millions)<\/em><\/strong><\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_center hugin gnw_vertical_align_top\"><strong><span class=\"caps\">Q2<\/span> <span class=\"caps\">FY23<\/span><br>\nPreli\u00admi\u00adna\u00adry Results<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\"><span class=\"caps\">GAAP<\/span> gross margin<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_top\">43.7%<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Stock-based com\u00adpen\u00adsa\u00adti\u00adon expen\u00adse, acqui\u00adsi\u00adti\u00adon-rela\u00adted cos\u00adts, and other&nbsp;costs<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_top\">2.4<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Non-GAAP gross margin<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_top\">46.1%<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\"><span class=\"caps\">GAAP<\/span> ope\u00adra\u00adting expenses<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_top\">$2,416<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Stock-based com\u00adpen\u00adsa\u00adti\u00adon expen\u00adse and acqui\u00adsi\u00adti\u00adon-rela\u00adted&nbsp;costs<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_top\">(667)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Non-GAAP ope\u00adra\u00adting expenses<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_top\">$1,749<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\"><span class=\"caps\">GAAP<\/span> other expen\u00adse,&nbsp;net<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_top\">$24<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Los\u00adses from non-affi\u00adlia\u00adted invest\u00adments and other&nbsp;costs<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_top\">(8)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Non-GAAP other expen\u00adse,&nbsp;net<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_top\">$16<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid gnw_align_right hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\"><span class=\"caps\">GAAP<\/span> tax rate (bene\u00adfit)<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_top\">(35%)<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Tax impact of non-GAAP adjustments<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_top\">37<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Non-GAAP tax&nbsp;rate<\/td>\n<td class=\"gnw_border_top_solid gnw_border_bottom_solid gnw_padding_left_none gnw_padding_right_none gnw_align_right hugin gnw_vertical_align_top\">2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"caps\">NVIDIA<\/span> belie\u00adves the pre\u00adsen\u00adta\u00adti\u00adon of its non-GAAP finan\u00adcial mea\u00adsu\u00adres enhan\u00adces the user\u2019s over\u00adall under\u00adstan\u00adding of the company\u2019s finan\u00adcial per\u00adfor\u00admance. The pre\u00adsen\u00adta\u00adti\u00adon of the company\u2019s non-GAAP finan\u00adcial mea\u00adsu\u00adres is not meant to be con\u00adside\u00adred in iso\u00adla\u00adti\u00adon or as a sub\u00adsti\u00adtu\u00adte for the company\u2019s finan\u00adcial results pre\u00adpared in accordance with <span class=\"caps\">GAAP<\/span>, and the company\u2019s non-GAAP mea\u00adsu\u00adres may be dif\u00adfe\u00adrent from non-GAAP mea\u00adsu\u00adres used by other companies.<\/p>\n<p><strong>About <span class=\"caps\">NVIDIA<\/span><\/strong><br>\nSin\u00adce its foun\u00adding in 1993,&nbsp;<a title=\"NVIDIA\" href=\"https:\/\/www.nvidia.com\/en-us\/\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"caps\">NVIDIA<\/span><\/a>&nbsp;(<span class=\"caps\">NASDAQ<\/span>: <span class=\"caps\">NVDA<\/span>) has been a pio\u00adneer in acce\u00adle\u00adra\u00adted com\u00adpu\u00adting. The company\u2019s inven\u00adti\u00adon of the <span class=\"caps\">GPU<\/span> in 1999 spark\u00aded the growth of the <span class=\"caps\">PC<\/span> gam\u00ading mar\u00adket, rede\u00adfi\u00adned com\u00adpu\u00adter gra\u00adphics and igni\u00adted the era of modern <span class=\"caps\">AI<\/span>. <span class=\"caps\">NVIDIA<\/span> is now a full-stack com\u00adpu\u00adting com\u00adpa\u00adny with data-cen\u00adter-sca\u00adle offe\u00adrings that are res\u00adha\u00adping indus\u00adtry. More infor\u00adma\u00adti\u00adon at&nbsp;<a title href=\"https:\/\/nvidianews.nvidia.com\/\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/nvidianews.nvidia.com\/<\/a>.<\/p>\n<p>Cer\u00adtain state\u00adments in this press release inclu\u00adding, but not limi\u00adt\u00aded to, state\u00adments as to: <span class=\"caps\">NVIDIA<\/span>\u2019s preli\u00admi\u00adna\u00adry results for the second quar\u00adter of fis\u00adcal 2023; our excel\u00adlent pro\u00adducts and posi\u00adti\u00adon dri\u00adving lar\u00adge and gro\u00adwing mar\u00adkets; chal\u00adlen\u00adging mar\u00adket con\u00addi\u00adti\u00adons expec\u00adted to per\u00adsist into the third quar\u00adter; our expec\u00adta\u00adti\u00adon that the macroe\u00adco\u00adno\u00admic con\u00addi\u00adti\u00adons affec\u00adting sell-through will con\u00adti\u00adnue; our focus on the once-in-a-gene\u00adra\u00adti\u00adon oppor\u00adtu\u00adni\u00adty to reinvent com\u00adpu\u00adting for the era of <span class=\"caps\">AI<\/span>; our belief that our long-term gross mar\u00adgin pro\u00adfi\u00adle is int\u00adact; slo\u00adwing ope\u00adra\u00adting expen\u00adse growth, balan\u00adcing invest\u00adments for long-term growth while mana\u00adging near-term pro\u00adfi\u00adta\u00adbi\u00adli\u00adty; our plan to con\u00adti\u00adnue stock buy\u00adbacks; our belief in our strong cash gene\u00adra\u00adti\u00adon abili\u00adties and future growth; and <span class=\"caps\">NVIDIA<\/span>\u2019s quar\u00adter-end finan\u00adcial clo\u00adse pro\u00adcess and pre\u00adpa\u00adra\u00adti\u00adon of finan\u00adcial state\u00adments for the quar\u00adter are for\u00adward-loo\u00adking state\u00adments that are sub\u00adject to risks and uncer\u00adtain\u00adties that could cau\u00adse results to be mate\u00adri\u00adal\u00adly dif\u00adfe\u00adrent than expec\u00adta\u00adti\u00adons. Important fac\u00adtors that could cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly include: glo\u00adbal eco\u00adno\u00admic con\u00addi\u00adti\u00adons; our reli\u00adance on third par\u00adties to manu\u00adfac\u00adtu\u00adre, assem\u00adble, packa\u00adge and test our pro\u00adducts; the impact of tech\u00adno\u00adlo\u00adgi\u00adcal deve\u00adlo\u00adp\u00adment and com\u00adpe\u00adti\u00adti\u00adon; deve\u00adlo\u00adp\u00adment of new pro\u00adducts and tech\u00adno\u00adlo\u00adgies or enhance\u00adments to our exis\u00adting pro\u00adduct and tech\u00adno\u00adlo\u00adgies; mar\u00adket accep\u00adtance of our pro\u00adducts or our part\u00adners\u2019 pro\u00adducts; design, manu\u00adfac\u00adtu\u00adring or soft\u00adware defects; chan\u00adges in con\u00adsu\u00admer pre\u00adfe\u00adren\u00adces or demands; chan\u00adges in indus\u00adtry stan\u00addards and inter\u00adfaces; unex\u00adpec\u00adted loss of per\u00adfor\u00admance of our pro\u00adducts or tech\u00adno\u00adlo\u00adgies when inte\u00adgra\u00adted into sys\u00adtems; as well as other fac\u00adtors detail\u00aded from time to time in the most recent reports <span class=\"caps\">NVIDIA<\/span> files with the Secu\u00adri\u00adties and Exch\u00adan\u00adge Com\u00admis\u00adsi\u00adon, or <span class=\"caps\">SEC<\/span>, inclu\u00adding, but not limi\u00adt\u00aded to, its annu\u00adal report on Form 10\u2011K and quar\u00adter\u00adly reports on Form 10\u2011Q. Copies of reports filed with the <span class=\"caps\">SEC<\/span> are pos\u00adted on the company\u2019s web\u00adsite and are available from <span class=\"caps\">NVIDIA<\/span> wit\u00adhout char\u00adge. The\u00adse for\u00adward-loo\u00adking state\u00adments are not gua\u00adran\u00adtees of future per\u00adfor\u00admance and speak only as of the date hereof, and, except as requi\u00adred by law, <span class=\"caps\">NVIDIA<\/span> dis\u00adclaims any obli\u00adga\u00adti\u00adon to update the\u00adse for\u00adward-loo\u00adking state\u00adments to reflect future events or circumstances.<\/p>\n<p>\u00a9 2022 <span class=\"caps\">NVIDIA<\/span> Cor\u00adpo\u00adra\u00adti\u00adon. All rights reser\u00adved. <span class=\"caps\">NVIDIA<\/span> and the <span class=\"caps\">NVIDIA<\/span> logo are trade\u00admarks and\/or regis\u00adtered trade\u00admarks of <span class=\"caps\">NVIDIA<\/span> Cor\u00adpo\u00adra\u00adti\u00adon in the U.S. and\/or other count\u00adries. Other com\u00adpa\u00adny and pro\u00adduct names may be trade\u00admarks of the respec\u00adti\u00adve com\u00adpa\u00adnies with which they are asso\u00adcia\u00adted. Fea\u00adtures, pri\u00adcing, avai\u00adla\u00adbi\u00adli\u00adty, and spe\u00adci\u00adfi\u00adca\u00adti\u00adons are sub\u00adject to chan\u00adge wit\u00adhout notice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mon\u00adday, August 8,&nbsp;2022<\/p>\n<ul type=\"disc\">\n<li>Preli\u00admi\u00adna\u00adry second quar\u00adter reve\u00adnue of $6.70 bil\u00adli\u00adon ver\u00adsus out\u00adlook of $8.10 billion<\/li>\n<li>Short\u00adfall ver\u00adsus out\u00adlook pri\u00adma\u00adri\u00adly dri\u00adven by wea\u00adk\u00ader Gam\u00ading revenue<\/li>\n<li>Manage\u00adment to dis\u00adcuss finan\u00adcial results and out\u00adlook on Aug. 24 ear\u00adnings&nbsp;call<\/li>\n<\/ul>\n<p><span class=\"caps\">NVIDIA<\/span> (<span class=\"caps\">NASDAQ<\/span>: <span class=\"caps\">NVDA<\/span>) today announ\u00adced sel\u00adec\u00adted preli\u00admi\u00adna\u00adry finan\u00adcial results for the second quar\u00adter ended July 31,&nbsp;2022.<\/p>\n<p>Second quar\u00adter reve\u00adnue is expec\u00adted to be appro\u00adxi\u00adm\u00adate\u00adly $6.70 bil\u00adli\u00adon, down 19% sequen\u00adti\u00adal\u00adly and up 3% from the pri\u00ador year, pri\u00adma\u00adri\u00adly reflec\u00adting wea\u00adk\u00ader than fore\u00adcas\u00adted Gam\u00ading reve\u00adnue. Gam\u00ading reve\u00adnue was $2.04 bil\u00adli\u00adon, down 44% sequen\u00adti\u00adal\u00adly and down 33% from the pri\u00ador year. Data Cen\u00adter reve\u00adnue was $3.81 bil\u00adli\u00adon, up 1% sequen\u00adti\u00adal\u00adly and up 61% from the pri\u00ador year. (\u2026) <a class=\"moretag\" href=\"https:\/\/www.planet3dnow.de\/cms\/65899-nvidia-announces-preliminary-financial-results-for-second-quarter-fiscal-2023\/\">Wei\u00adter\u00adle\u00adsen&nbsp;\u00bb<\/a><\/p>\n","protected":false},"author":593,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[22],"tags":[2711,992,2005,368],"class_list":["post-65899","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","tag-2711","tag-nvidia","tag-q2","tag-quartalszahlen","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/65899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/users\/593"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=65899"}],"version-history":[{"count":1,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/65899\/revisions"}],"predecessor-version":[{"id":65900,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/65899\/revisions\/65900"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=65899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=65899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=65899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}