The fall in revenue was primarily due to its Gaming segment, which fell 33% year-over-year and 44% quarter-over-quarter. This wasn’t much of a surprise today, as Nvidia had already warned that it would significantly miss its original guidance of $8.1 billion. However, the quarter-over-quarter comparison equates to a 19% decline. In addition, sales increased 3% year-over-year, with revenue hitting $6.7 billion compared to $6.5 billion. In the past nine quarters, the company has beaten estimates nine times. Adjusted earnings per share came in at $0.51, which beat analysts’ consensus estimate of $0.50 per NVDA share. Shares of Nvidia ( NVDA) were down in the after-hours session after the company reported earnings for its second quarter of Fiscal Year 2023.
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