Wednesday, August 28, 2024

Nvidia Beats On Top And Bottom Lines, Shares Drop (NVDA)

After falling  $2.69 (-2.10%) during the regular session the stock is down $4.41 (-3.51%) in very early after-hours trading.


From the company, August 28:

NVIDIA Announces Financial Results for Second Quarter Fiscal 2025

  • Record quarterly revenue of $30.0 billion, up 15% from Q1 and up 122% from a year ago
  • Record quarterly Data Center revenue of $26.3 billion, up 16% from Q1 and up 154% from a year ago
NVIDIA (NASDAQ: NVDA) today reported revenue for the second quarter ended July 28, 2024, of $30.0 billion, up 15% from the previous quarter and up 122% from a year ago.

For the quarter, GAAP earnings per diluted share was $0.67, up 12% from the previous quarter and up 168% from a year ago. Non-GAAP earnings per diluted share was $0.68, up 11% from the previous quarter and up 152% from a year ago.

“Hopper demand remains strong, and the anticipation for Blackwell is incredible,” said Jensen Huang, founder and CEO of NVIDIA. “NVIDIA achieved record revenues as global data centers are in full throttle to modernize the entire computing stack with accelerated computing and generative AI.”

“Blackwell samples are shipping to our partners and customers. Spectrum-X Ethernet for AI and NVIDIA AI Enterprise software are two new product categories achieving significant scale, demonstrating that NVIDIA is a full-stack and data center-scale platform. Across the entire stack and ecosystem, we are helping frontier model makers to consumer internet services, and now enterprises. Generative AI will revolutionize every industry.”

During the first half of fiscal 2025, NVIDIA returned $15.4 billion to shareholders in the form of shares repurchased and cash dividends. As of the end of the second quarter, the company had $7.5 billion remaining under its share repurchase authorization. On August 26, 2024, the Board of Directors approved an additional $50.0 billion in share repurchase authorization, without expiration.....

....MUCH MORE

And much more to come. 

Via Motley Fool:

Nvidia's Q2 guidance and Wall Street's estimates

Metric

Q2 Fiscal 2024 Result

Nvidia's Q2 Fiscal 2025 Guidance

Nvidia's Projected Growth

Wall Street's Q2 Fiscal 2025 Consensus Estimate

Wall Street's Projected Growth

Revenue

$13.51 billion

   $28 billion

   107%

     $28.68 billion

  112%

Adjusted earnings per share (EPS)

$0.27*

   $0.622**

   130%

     $0.64

  137%