It expects the revenue to be only $5.7 billion, down more than $1 billion from what Wall Street had been predicting. Poor Guidance for Q3 – Management still believes that worse is not over for Nvidia and has given poor guidance for Q3.So, the results missed analysts’ estimates on every parameter and hence saw the wrath of the investors.

Add to it, the gross margin is down from 60-65% range to 46%. Moreover, the EPS shrank 72% to $0.26 only, one of the worst performances in the last four quarters. It reported a revenue of $6.7 billion, well below the previous guidance of $8.1 billion. Poor second quarter results – Nvidia reported Q2 (quarter ended July 31, 2022) on August 24, 2022, and the results were disappointing for sure.NVIDIA’s struggles can be explained as follows High inflation is not good for tech companies and high-growth stocks, which are trading at exceptionally high P/E ratios. NVIDIA Stock Forecast 2022: Buy, Sell or Hold?ĭisappointing results could spell trouble for NVIDIA.NVIDIA Stock Forecast 2022: Outlook For 2022.NVIDIA Stock Forecast 2022: Analyst estimation.Disappointing results could spell trouble for NVIDIA.

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