NVIDIA Revises Fourth Quarter Fiscal 2009 Revenue Guidance
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FOR IMMEDIATE RELEASE:
SANTA CLARA, CA—JANUARY 13, 2009—NVIDIA Corporation, the world leader in visual computing technologies, today revised its revenue guidance for its fourth quarter of fiscal 2009 ending January 25, 2009. Revenue for the fourth quarter of fiscal 2009 is expected to be lower than guidance provided during its third quarter fiscal 2009 financial conference call held November 6, 2008. Total revenue for the fourth quarter of fiscal 2009 is now expected to decline 40 percent to 50 percent sequentially as a result of further weakness in end-user demand and inventory reductions by NVIDIA’s channel partners in the global PC supply chain.
No conference call will be held in conjunction with this business update. Additional commentary pertaining to the fourth quarter of fiscal 2009 will be available when NVIDIA reports its financial results for the fourth quarter of fiscal 2009 on February 10, 2009. The Company is currently observing the pre-earnings quiet period and will not make further comments about its expected results for the fourth quarter of fiscal 2009 in the interim.
Certain statements in this press release including, but not limited to, statements as to: NVIDIA’s fourth quarter results and the factors impacting fourth quarter results are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: changes in global economic conditions; development of more efficient or faster technology; adoption of the CPU for parallel processing; design, manufacturing or software defects; the impact of technological development and competition; changes in consumer preferences and demands; customer adoption of different standards or our competitor's products; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems, as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission including its Form 10-Q for the fiscal period ended October 26, 2008. Copies of reports filed with the SEC are posted on our website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
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