Here’s what the company reported:
- Earnings: $1.24 per share, excluding certain items, vs. $1.15 per share as expected by analysts, according to Refinitiv.
- Revenue: $2.58 billion, vs. $2.54 billion as expected by analysts, according to Refinitiv.
Nvidia’s revenue fell 17% on an annualized basis in the quarter, which ended on July 28, according to a statement.
With respect to guidance, Nvidia says that in the fiscal third quarter it expects $2.90 billion in revenue, plus or minus 2%. That’s below the $2.97 billion consensus estimate among analysts polled by Refinitiv. Nvidia said it estimates gross margin in the fiscal third quarter to be 62.5%, plus or minus 50 basis points; analysts polled by FactSet had been looking for 60.2%.
More to come.