Categories AlphaGraphs, Earnings, Technology
Nvidia (NVDA) Q2 profit drops despite higher revenues; issues Q3 guidance
Graphics chipmaker Nvidia Corporation (NASDAQ: NVDA) reported a decline in earnings for the second quarter of 2023, despite an increase in revenues. The company also issued guidance for the third quarter.
The tech firm said its adjusted earnings decreased to $0.51 per share in the July quarter from $1.04 per share a year earlier. Net income, including one-off items, was $656 million or $0.26 per share in the latest quarter, compared to $2.37 billion or $0.94 per share in the second quarter of 2022.
Meanwhile, revenues grew 3% annually to $6.7 billion during the three-month period, aided by strong performance by the Data Center and Automotive segments.
Check this space to read management/analysts’ comments on Nvidia’s Q2 earnings
For the third quarter, the management expects revenues to be $5.90 billion. Reported and adjusted gross margins are expected to be 62.4% and 65.0%, respectively, plus or minus 50 basis points.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased
