Nvidia to Remain ‘Supply-Constrained’ Through 2nd Half: CFO
Nvidia’s gaming revenue of $2.8 billion in fiscal Q1 ended May 2 was up 11% sequentially and a 106% increase from Q1 a year earlier, said Chief Financial Officer Colette Kress on a Wednesday call. It was Nvidia’s third straight…
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quarter of “accelerating year-on-year growth” in gaming, she said. The company expects to remain “supply-constrained” into the year’s second half, she said. “We are working hard to provide more supply for the strong demand that we see,” she said. Nvidia has “additional supply coming,” and its plan “is to take the supply, serve the overall gamers and work on building out the channel, as we know the channel is quite lean,” she said.