Nvidia (NVDA) earnings report, a beat for EPS but market seems disappointed.
- Adj. EPS 1.05 (exp. 1.00),
- Revenue 46.74bn (exp. 45.51bn)
- Q3 revenue outlook $52.9bn to $55.1bn, vs. expected $53.46bn … this tepid outlook is attracting the attention of the bears
- The firm announce an additional USD 60bln share buyback.
- Data center revenue $41.18, vs. expected $41.29bn … this slight miss is attracting the attention of the bears
- Gaming revenue $4.3bn, vs. expected $3.828bn
- Compute revenue $33.84bn vs. expected $35.87bn
- Has not assumed any H20 shipments to China in outlook
- No H20 sales to China-based customers in Q2
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The “not assumed any H20 shipments to China in outlook” is interesting. If the firm does sell to China over the three months ahead that’ll be a strong tailwind. Something to keep an eye on.
This article was written by Eamonn Sheridan at investinglive.com.