The decline in Gaming GPU revenue was sharper than anticipated driven by both lower units and lower ASPs. As discussed in May, we expected a sequential decline in Gaming revenue due to softness in Europe related to the war in Ukraine and COVID lockdowns in China. Revenue of $2.04 billion was down 44% sequentially and down 33% year on year, reflecting challenging market conditions.
Today, we will share with you more details on our Q2 results and Q3 outlook.
As we had indicated in our pre-announcement press release on August 8, we experienced a shortfall to our expectations driven primarily by weaker Gaming revenue. Total revenue of $6.7 billion was down 19% sequentially and up 3% year on year, below the $8.1 billion outlook we provided on our last earnings call.
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