Nvidia tops earnings estimates, guides to $108 billion in revenue next quarter

Nvidia tops earnings estimates, guides to $108 billion in revenue next quarter The tech bellwether reported fiscal second-quarter results after the bell on Wednesday. - Nvidia topped top- and bottom-line Street estimates for its fiscal second quarter. - The company guided to $108 in revenue next quarter against forecasts for $103.9 billion. - Shares were modestly lower in active after-hours trading. Nvidia’s Total quarterly revenue of $96.2 billion beat consensus forecasts for $92.27 billion. Data center revenue was $89 billion versus estimates for $85.4 billion. Earnings per share of $2.22 beat estimates for $2.09. “AI has reached its inflection point,” said CEO Jensen Huang. “Now compute is revenue … And demand is accelerating.” Third-quarter revenue guidance was $108 billion versus Street forecasts for $103.9 billion. The $100 billion level has some significance as only nine companies in the S&P 500 have previously reported $100 billion or more in quarterly revenue. Gross margin next quarter was guided to 74%, ticking down from 75% seen in the second quarter. Shares are modestly lower in after-hours trading. Bitcoin remains in a tight range just above $78,000. - 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10 Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield. Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield. Why it matters: Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.