Nvidia Reports Better-Than-Expected Q2 Revenue, Shares Climb

Nvidia Corp. reported strong second quarter revenue, exceeding Zacks estimates, driven by robust demand for its Hopper GPUs and growth in its data center business. The company's shares traded 5.3% higher after hours in New York on Wednesday, following a 0.5% decline during regular trading hours. Nvidia's CEO, Jensen Huang, highlighted the company's success in accelerating computing and generative AI, with Blackwell samples shipping to partners and customers.

Key Takeaways:

• Nvidia reported net income of $18.78 billion in Q2, a 26% increase from $14.88 billion in the previous year.
• Revenue climbed 69% to $44.06 billion, outpacing Zacks estimates of 63% growth.
• Data Center revenue rose 73% to $39.1 billion, ahead of estimates for 70% growth.
• Automotive and Robotics revenue was $567 million, up 72%.
• Professional Visualization revenue was $509 million, up 19%.
• On a non-GAAP basis, diluted EPS was $0.81, up from $0.61, but shy of Zacks consensus estimates of $0.85.

Statistics:

• Q2 revenue: $44.06 billion, up 69% from $26.04 billion in the previous year.
• Data Center revenue: $39.1 billion, a 73% increase.
• Automotive and Robotics revenue: $567 million, up 72%.
• Professional Visualization revenue: $509 million, up 19%.
• Non-GAAP diluted EPS: $0.81, up from $0.61.

Sources:

• Nvidia Corp.
• Zacks
• LSEG (LSEG estimates of $45.9 billion for Q2 revenue)
• Alliance News