NVIDIA (NASDAQ: NVDA) today announced that it will lower the company’s financial results for its second quarter of fiscal 2011. Its revenue for its second quarter of fiscal 2011 is estimated at $800 million to $820 million, compared with the range of $950 million to $970 million provided on May 13, 2010.

The company officially explained that the revenue shortfall occurred primarily resulting from increased memory costs and economic weakness in Europe and a reduce demand for the goods in China; Moreover, the increased solution cost of discrete GPUs led to a greater-than-expected shift to lower-priced GPUs and PCs with integrated graphics.

NVIDIA reports its second quarter financial results on Aug. 12, 2010.