Nvidia EPS $0.68 vs $0.64 estimate. Rev $30.04B {dollars} vs $28.5 billion estimate

Q2

  • EPS: $0.68 versus $0.64 estimate. Last year $0.27 last year.
  • Revenue: $30.04 billion vs $28.5 billion estimate. Last year $13.51 billion
  • Data center: $26.3 billion versus $25.08 billion estimate
  • Adjusted gross margins and 75.7% versus 75.5% expected
  • R&D expenses $3.09 billion versus $3.08 billion expected
  • Adjusted operating expenses $2.79 billion versus expected $2.81 billion
  • Adjusted operating income $19.94 billion versus $18.85 billion expected

October-Quarter Forecast:

  • Revenue Pre-release guidance estimate $31.7 billion (about 77% annual growth) The actual forward guidance estimate comes in higher at $32.5 billion
  • The gross margin next quarter is expected at 75.5%.. The company says that gross margins expected to be in the mid 70% range.
  • Company says that fiscal year operating expenses expected to grow in the mid to upper 40% range

Nvidia announced a $50 billion repurchase of shares.

In other details:

  • Blackwell samples are shipping to partners and customers.
  • Hopper demands remain strong
  • Anticipation for Blackwell is “incredible”.
  • Blackwell is scheduled to begin in Q4 and continue into fiscal year 2026

Shares have traded down as much as 7– 8%, and also higher by 2% -3%.

Nvidia closed at $125.61 with a trading range of $122.64 up to $128.33.

The trading range since peaking at $140.76 on June 20, reached a low price on August 5 of $90.69. The high price on Monday reached $131.26. The high close on the run higher from August 5 low reached $130 on August 19.

All seems good except perhaps some concerns on the ramp up of the Blackwell chip. Focus turns to the earnings call.

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