The semiconductor also said it was reducing prices with certain partners and that the pricing headwinds may continue into the third quarter. “The shortfall relative to the May revenue outlook of $8.10 billion was primarily attributable to lower sell-in of gaming products reflecting a reduction in channel partner sales likely due to macroeconomic headwinds,” Nvidia said in a statement on its website. Wall Street consensus had Q2 revenue coming in at $8.1 billion, but the new guidance puts that figure at just $6.7 billion. The fabless chipmaker is not slated to release Q2 results until August 24, more than two weeks from now, but it probably thought it best to let the market know now that results so far were not in line with earlier projections.Īlso read: Nvidia Stock Deep Dive Analysis: NVDA price target at $205 with strong revenue growth Nvidia (NVDA) is down 6% at $178.55 after the world's premier GPU designer released preliminary second-quarter forecasts that underwhelmed expectations by a mile. NVDA stock shed in early Monday trading 6% on the news.The semiconductor said gaming revenue was the primary culprit.Nvidia lowered its estimates for Q2 revenue ahead of schedule.

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