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  NVIDIA Announces Preliminary Results for Second Quarter
Time: 12:31 EST/17:31 GMT | News Source: Press Release | Posted By: Alex Harris

NVIDIA Corporation (Nasdaq: NVDA) today announced that it expects to report total revenues of approximately $455 million to $460 million for the second quarter of fiscal 2004 ended July 27, 2003, within the guidance provided by the Company on its last quarterly conference call. Gross margins are expected to be slightly lower than the Company’s original guidance. This was a result of higher than anticipated product costs attributed to 0.13 micron semiconductor process technology.

The Company experienced solid growth from Xbox and from record shipments of the GeForce FX family of GPUs. In addition, the Company successfully transitioned its mobile product line to its new GeForce FX Go family and recently began ramping numerous notebook design wins. More details will be provided during NVIDIA’s quarterly conference call to be held on August 7, 2003.

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