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
Infographic: How Lennar (LEN) performed in Q4 2025
Lennar Corporation (NYSE: LEN) reported total revenues of $9.4 billion for the fourth quarter of 2025, compared to $9.9 billion reported in the same period a year ago. Net earnings
Paychex expected to report higher revenue and earnings for Q2 FY26
Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is undergoing an AI-driven transformation that enhances both its internal operations and client-facing services. Entering fiscal 2026, the
Signet Jewelers (SIG): A look at the progress made on Grow Brand Love
Shares of Signet Jewelers Limited (NYSE: SIG) fell over 3% on Tuesday. The stock has gained 3% year-to-date. The jewelry retailer delivered strong results for the third quarter of 2026,
