Note: Though NV runs on their own financial calendar, I'm calling it 2Q24 as the nearest regular calendar equivalent.
Full steam ahead:
Full steam ahead:
- Nvidia press release (NASDAQ:NVDA): Q2 Non-GAAP EPS of $0.68 beats by $0.04.
- Revenue of $30.04B (+122.4% Y/Y) beats by $1.31B.
- Record quarterly Data Center revenue of $26.3 billion, up 16% from Q1 and up 154% from a year ago.
- On August 26, 2024, the Board of Directors approved an additional $50.0 billion in share repurchase authorization, without expiration.
- Q3 Outlook: Revenue is expected to be $32.5 billion vs. consensus of $31.75B, plus or minus 2%.
- GAAP and non-GAAP gross margins are expected to be 74.4% and 75.0%, respectively, plus or minus 50 basis points. For the full year, gross margins are expected to be in the mid-70% range.
Nvidia Non-GAAP EPS of $0.68 beats by $0.04, revenue of $30.04B beats by $1.31B
Nvidia beats Q2 earnings expectations with Non-GAAP EPS of $0.68, revenue of $30.04B (+122.4% Y/Y), and shares up 0.55%.
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