The chipmaker's stock was down about 15% after-hours on Thursday after reporting October quarter revenues of $3.18 billion versus a $3.23 billion consensus estimate, according to FactSet. GAAP EPS of $1.97 beat a $1.71 consensus, while non-GAAP EPS of $1.84 missed a $1.93 consensus.
Significantly, Nvidia issued January quarter revenue guidance of $2.7 billion, plus or minus 2%, well below a $3.4 billion consensus estimate. In a press release, Nvidia stated that "our near-term results reflect excess channel inventory post the crypto-currency boom, which will be corrected."
TheStreet's tech columnist, Eric Jhonsa, is analyzing the company's earnings and call with analysts at 5:30 p.m. ET. Please share your questions and comments in the window at the top of the blog.