Nvidia (NVDA) reinvigorated the AI stock trade with its beat-and-raise earnings report and commentary about an inflection point in artificial intelligence. The AI chipmaker also gave an upbeat forecast for next year.
The Santa Clara, Calif.-based company late Wednesday reported adjusted earnings of $2.22 a share on sales of $96.22 billion in its fiscal second quarter ended July 26. ***** ysts polled by FactSet had expected earnings of $2.09 a share on sales of $92.27 billion. On a year-over-year basis, Nvidia's earnings surged 112% while sales jumped 106%.
Nvidia's fiscal Q2 report marked its fourth straight quarter of accelerating sales growth.
For the current quarter, Nvidia forecast revenue of $108 billion, up 89% from the same quarter last year and topping the consensus estimate of $104.86 billion.
Further, Nvidia guided to revenue growth next year of 70% despite a supply-constrained environment. Wall Street had been modeling fiscal 2028 sales growth of 44%.
#sales #NVIDIA #fiscal #Growth
The Santa Clara, Calif.-based company late Wednesday reported adjusted earnings of $2.22 a share on sales of $96.22 billion in its fiscal second quarter ended July 26. ***** ysts polled by FactSet had expected earnings of $2.09 a share on sales of $92.27 billion. On a year-over-year basis, Nvidia's earnings surged 112% while sales jumped 106%.
Nvidia's fiscal Q2 report marked its fourth straight quarter of accelerating sales growth.
For the current quarter, Nvidia forecast revenue of $108 billion, up 89% from the same quarter last year and topping the consensus estimate of $104.86 billion.
Further, Nvidia guided to revenue growth next year of 70% despite a supply-constrained environment. Wall Street had been modeling fiscal 2028 sales growth of 44%.
#sales #NVIDIA #fiscal #Growth
28 days ago
