The Register® — Biting the hand that feeds IT

Nvidia forecasts massive Q4 revenue drop

Sales down 40 to 50 per cent

Free whitepaper – Dell PowerEdge servers 2009 - Memory

Nvidia has warned that its revenue will fall sharply below previous estimates due to collapsing demand from end-users and PC makers in the global recession.

The graphics chip maker now expects to report a decline in its fiscal fourth quarter sales of between 40 and 50 per cent compared to the previous quarter. Based on its third quarter revenue of $897.7m, Nvidia now expects Q4 sales to fall to between $538.62m and $448.85m.

In a November conference call with investors, Nvidia projected a sales decline of only about 5 per cent.

In fiscal Q4 the previous year, Nvidia reported revenue of $1.20bn.

The company blamed its massive revenue whiff on "further weakness in end-user demand and inventory reductions by Nvidia's channel partners."

The company will report its fiscal Q4 earnings on February 10. ®

Free whitepaper – Out-of-box comparison between Dell, HP, and IBM blade servers

Don’t Miss

DustbinDirty, dirty PCs: The X-rated picture guide

Ventblockers Horror beyond human imagination

SC09Top 500 supers - rise of the Linux quad-cores

SC09 Jaguar munches Roadrunner

Ubuntu teaser Early adopters bloodied by Ubuntu's Karmic Koala

Smooth Windows upgrade it ain't

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes