2022-08-11 10:37:30
Hi everyone, it looks like the common theme this US earnings season is semiconductor chip , gaming companies are facing a slowdown
Nvidia founder and CEO Jensen Huang said in a statement "Our gaming product sell-through projections declined significantly as the quarter progressed. As we expect the macroeconomic conditions affecting sell-through to continue, we took actions with our Gaming partners to adjust channel prices and inventory."
AMD Chief Executive Officer Lisa Su is now even more pessimistic about PC demand than Intel or market forecasters. "The business will decline in the “mid-teen” percentage range. We are being more conservative in our PC guidance, we continue to see strong demand in the data canter, in our embedded business, in game consoles.” she said on the conference call.
Micron Chief Executive Officer Sanjay Mehrotra said in an interview with Bloomberg Television, “Compared to our last earnings call, we see further weakening in demand because of adjustments broadening outside of just consumers to other parts of the market including data centers, industrial and automotive. Fourth-quarter sales are expected to be at the low end of or below its previous guidance as customers reduce their stockpiles of unused chips. There will be significant sequential declines in revenue and margins".
Activision Blizzard saw declines in revenue and operating income during the second financial quarter of 2022, with $1.64 billion revenue, compared to the $2.3 billion it made during the same period in 2021. To recover from that drop, a lot hinges on Call of Duty: Modern Warfare 2 and Warzone 2.0, both of which will release in the company's next financial quarter.
Roblox Corp missed estimates for quarterly bookings on Tuesday (Aug 9), as the gaming platform faced a slowdown in the pandemic-fueled surge in spending for its games including Jailbreak and Adopt Me!.
2.0K viewsZane, 07:37
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