Also, analysts expect its EPS and revenue for the fiscal 2023 third quarter (ending October 2022) to come in at $0.71 and $5.85 billion, indicating a 39.3% and 17.6% year-over-year decline, respectively. The company said the ban impacted $400 million in potential sales to China.įor the fiscal 2022 second quarter, NVDA’s non-GAAP net income and EPS declined 50.7% and 51% year-over-year to $1.29 billion and $0.51, respectively. The above restrictions have closely followed last month’s announcement in which the White House blocked NVDA from exporting high-end graphics chips to China due to similar concerns. The companies must now obtain a license from the Commerce Department to export advanced chips and chip-making equipment. On October 7, new restrictions were imposed on chipmakers, including NVDA, to prevent technology from advancing China’s military power. NVIDIA Corporation ( NVDA ) provides graphics, computation, and networking solutions globally.
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