Nvidia beats on Q2 revenue, EPS and issues strong Q3 guidance
Nvidia reported Q2 revenue of $96.22 billion and adjusted EPS of $2.22, both above Street estimates. Gross margin was 75.0%, and the company guided Q3 revenue to $105.84 billion-$110.16 billion.
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NVIDIA Corporation (NASDAQ: NVDA ) reported second-quarter financial results Wednesday after market close. Here are the key highlights. 22 billion, up 106% year-over-year. 18 billion, according to data Pro.
2 billion, +27% year-over-year. 10. 4% in last year’s second quarter. The company said Vera Rubin is ramping into full production with CoreWeave, Nebius, Microsoft Azure, Google Cloud and Oracle Cloud named as partners.
"AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue," Nvidia CEO Jensen Huang said.
" Huang said the company is seeing "strong momentum" in the United States and around the world. "The AI infrastructure buildout is at full steam. 0 billion under its share repurchase authorization plan. 16 billion.
01 billion quarterly total for the third quarter. This would represent a lower growth rate than in the second quarter, which could explain why the stock is trading lower after hours. 20 billion, according to data Pro. Guidance does not assume any Data Center compute revenue from China.
The company said shipments of Data Center Hopper products to China in the second quarter were less than 1% of Data Center revenue. 54. Read Also: Nvidia Stock: 84% of Viewers Have Owned It. Here’s How Many Still Do.
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