Nvidia Corp., which said yesterday that quarterly sales slumped, exemplifies the cyclical nature of the semiconductor industry despite the company’s inroads into fast-growing markets.
Nvidia’s gross margin has already suffered. In the latest quarter, it narrowed to 55.59% from 65.20% a year earlier. For nearly half this group of 56 companies, the fiscal quarter-ends don’t match the calendar. Through Nov. 16, 49 of the companies reported results for fiscal quarters ended Aug. 26 or later. But six still hadn’t reported for fiscal quarters ended on or near Oct. 31:Applied Materials Inc. AMAT, +0.22%, which provides equipment and related services to chip makers, is expected to report a 6% increase in quarterly sales from a year earlier, after the market close on Nov. 17.
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