In this video, I will be going over Nvidia's (NASDAQ: NVDA) preliminary financial results for the second quarter. Usually, when companies announce preliminary results, it's not good news. They do it to prevent a hard landing when they actually report earnings -- which, in the case of Nvidia, is on Aug. 24. The company was expecting Q2 revenue to be $8.1 billion, but that number came in much lower at $6.7 billion, down 19% quarter over quarter (QOQ) and up 3% year over year (YOY). The company blames the gaming segment, which came in weaker than expected because of the challenging market conditions. Management expects those conditions to continue in Q3. This has obviously impacted Nvidia's gross margin for the quarter, but management said that the long-term gross margin profile is still intact. Gaming revenue was $2.04 billion, down 44% QOQ and down 33% YOY. On the bright side, data center revenue was $3.81, up 61% YOY and up 1% QOQ. To my surprise, automotive revenue was up 45% YOY and 59% QOQ. For the full insights, do watch the video, consider subscribing, and click the special offer link below. *Stock prices used were the closing prices of Aug. 5, 2022. The video was published on Aug. 8, 2022. 10 stocks we like better than NvidiaWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Nvidia wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of July 27, 2022 Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Source