ARN

Nvidia lowers revenue forecast for fourth quarter

Company's revenue for the fourth quarter of 2009 will decline 40 percent to 50 percent from the third quarter, Nvidia said.

Nvidia this week lowered its fourth-quarter revenue forecast, citing weakness in demand for its products and inventory reductions by channel partners.

The company's revenue for the fourth quarter of 2009 will decline 40 percent to 50 percent from the third quarter, Nvidia said in a statement. Nvidia reported third-quarter revenue of US$897.7 million, which could bring revenue for the fourth quarter between $449 million and $538 million.

Analysts polled by Thomson Reuters estimated revenue of US$801.94 million for the fourth quarter.

The revision represents a significant drop in year-over-year revenue for Nvidia. For the fourth quarter of 2008, Nvidia reported a record revenue of US$1.20 billion.

Nvidia will report its fiscal fourth-quarter earnings on February 10.

Softening demand for a wide range of products including PCs and consumer electronics is taking a toll on chip companies, research firm Gartner said in December. A number of companies, including Intel and Advanced Micro Devices, have dropped revenue forecasts in recent months.

Come socialise with us! Facebook | LinkedIn

More about: Advanced Micro Devices, Advanced Micro Devices, Billion, Consumer Electronics, Gartner, Intel, Nvidia, Reuters

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the ARN comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: nvidia
ARN Directory | Distributors relevant to this article
Aquion , ASI Solutions , Compucon Computers , Impact Systems Technology , Leader Computers , Multimedia Technology , Synnex Australia , Topstar Computer International , XiT Distribution , Xpress I.T.
rhs_login_lockGet exclusive access to ARN's news, research and invitation only events.
ARN Distributor Directory
Find distributors by name | vendor | location
Channel Deals
/deals/aca-pacific/439_qlogic-reseller-promotion-bonuses-on-hba-and-s
ACA Pacific

QLogic Reseller Promotion. Bonuses on HBA and Switch Purchases. Ends June 30th, 2012

More details »
ARN Vendor Directory
Find vendors by name | category

iAsset is a channel management ecosystem that automates all major aspects of the entire sales,marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.