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.

Nvidia Q2 2023 earnings infographic

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

  • Nvidia Q1 2023 earnings infographic
  • Nvidia Q4 2022 earnings infographic
  • Nvidia Q2 2022 earnings infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

Infographic: How Starbucks (SBUX) performed in Q1 2023

Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2023 earnings results today. Consolidated net revenues increased 8% year-over-year to $8.7 billion, in line with projections.   Global comparable store sales increased

Earnings: Google parent Alphabet (GOOG, GOOGL) reports lower Q4 profit

Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business. The company, which owns the largest internet search

HOG Earnings: Key quarterly highlights from Harley-Davidson’s Q4 2022 financial results

Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top