![]() ![]() The graphic chip maker slashed its revenue guidance last week to 6.70 billion for the fiscal second. Transcript text provided by S&P Global Market Intelligence. NVIDIA Corporation NVDA is scheduled to release second-quarter fiscal 2023 results on Aug 24. ![]() This communication does not represent investment advice. Join the Amenity Viewer Beta Program today to analyze earnings call transcriptions and enable you to spot outliers, identify critical insights, and understand key drivers. ![]() We’re not concerned about the channel inventory" As you know, the way that we go to market is through the channels around the world. We are masters at managing our channel, and we understand the channel very well. Nvidia (NVDA) delivered earnings and revenue surprises of 5.44 and 0.47, respectively, for the quarter ended July 2018. "We’re expecting the channel inventory to work itself out.".as you think about your gaming guide, are you embedding any drawdown of channel inventory there?".We look to the Q2 earnings call for more context, and find this issue was specifically addressed. And the other brand’s inventory in the marketplace, those factors kind of compounded and made it a lot worse than we expected." between the unexpected, unanticipated slow decline of pricing in the channel and even after the prices came down, it took a little longer than we expected for volume to kick up. "Although the cryptocurrency wave has ended, the channel has taken longer than expected to normalize."."While channel inventory situation presents a near-term headwind, it does not change our long-term fundamentals.". ![]() As highlighted by the Key Drivers, a quick scroll through the insights in the Guidance and Cost-Price categories reveals the story: ![]()
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