Nvidia warns of significant gaming revenue decline as RTX 30 sales slow down

It is no secret that the graphics card market has been a mess for the last couple of years, with a lack of stock and sky-high prices stopping many from being able to upgrade. Recently, we've finally started to see GPUs reaching MSRP prices, but sales have slowed, with Nvidia warning of a significant decline in gaming revenue. 

Gaming revenue for Nvidia includes all GeForce graphics cards. According to a preliminary forecast for the company's Q2 earnings, there will be declines here, with gaming revenue falling by 44 percent compared to Q1, and 33 percent compared to Q2 2021. Still, Nvidia expects gaming revenue earnings of around $2.04 billion for the quarter.

Overall revenue for Nvidia is expected to be down 19 percent in Q2 compared to Q1, dropping to around $6.70 billion, despite increased availability of RTX 30 graphics cards at retail.

According to Nvidia, the low outlook is primarily attributable to lower sell-in of gaming products. Nvidia also expects “challenging market conditions” to persist in Q3.

Nvidia will host its earnings call on Wednesday evening, so we don't expect these numbers to change significantly before then.

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KitGuru Says: Have any of you picked up an RTX 30 GPU in recent sales, or are you holding off for new-gen graphics cards now? 

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