8-KEarnings & ResultsExhibits & Filings

NVIDIA CORP 8-K Report, Financial Results (Jan 28, 2019)

Filed January 28, 2019For Securities:NVDA

Summary

NVIDIA Corporation (NVDA) filed an 8-K on January 28, 2019, to update its financial guidance for the fourth quarter of its fiscal year 2019, which ended on January 27, 2019. This filing indicates a significant downward revision to expected revenue. The company cited several factors contributing to this revision, including a more challenging than anticipated environment in the gaming market, particularly in China, and reduced demand in its data center segment. This proactive disclosure aims to inform investors about the altered financial outlook before the official earnings release.

Key Highlights

  • 1NVIDIA updated its financial guidance for the fourth quarter of fiscal year 2019.
  • 2The update was issued via a press release and shareholder letter on January 28, 2019.
  • 3The company revised its revenue expectations downward for the quarter.
  • 4Key factors cited for the revision include a weaker-than-expected gaming market, especially in China.
  • 5Reduced demand in the data center segment was also identified as a contributing factor.
  • 6The filing is furnished and not deemed 'filed' under Section 18 of the Exchange Act, meaning it doesn't carry the same legal implications as a standard filing.
  • 7The press release and shareholder letter are attached as exhibits to the 8-K.

Frequently Asked Questions

NVIDIA updated its guidance primarily due to a more challenging than anticipated environment in the gaming market, particularly concerning sales in China, and a slowdown in demand within its data center segment.

NVIDIA announced these updated financial guidance figures on January 28, 2019, for the quarter that ended on January 27, 2019.

This 8-K filing itself does not contain the specific revised revenue numbers. However, it references a press release (Exhibit 99.1) and a shareholder letter (Exhibit 99.2) that were issued on the same date and contain the detailed guidance updates.

The information furnished in this 8-K, including the press release and shareholder letter, is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not automatically subject the company to liabilities under that section or sections 11 and 12(a)(2) of the Securities Act of 1933. It also means the information won't be automatically incorporated into other SEC filings.