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
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and