Nvidia predicts third-quarter sales below expectations

By Thomson Reuters Aug 24, 2022 | 3:29 PM

(Reuters) – Chip designer Nvidia Corp predicted third-quarter revenue below market expectations on Wednesday, delivering a one-two punch as weak gaming demand led to a 19% sequential decline in second-quarter sales.

The company expects third-quarter revenue of $5.90 billion, plus or minus 2%, compared with average analysts’ estimate of $6.95 billion, according to Refinitiv data.

(Reporting by Eva Mathews in Bengaluru; Editing by Arun Koyyur)