Info [CNBC] Nvidia jumps on earnings beat

[Hitman928]

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%.

https://www.cnbc.com/2019/08/15/nvidia-earnings-q2-2020.html

More to come.

 

[AtenRa]

https://www.anandtech.com/show/14745/nvidia-q2-fy-2020-earnings-report-continuing-crypto-disruption

 

[jpiniero]

Not surprising Datacenter is slumping... need new products (ie: Ampere). It's been too long.

 

[VirtualLarry]

Over the last couple of years, NVIDIA has diversified its portfolio, but even so, Gaming continues to be the largest revenue generator at NVIDIA, and by a wide margin. Despite gaming revenue dropping nearly $500 million from a year ago, gaming still accounts for over 50% of NVIDIA’s total revenue. For Q2, gaming brought in $1.313 billion, down from $1.805 billion a year ago. It’s a big drop, but NVIDIA did make gains over Q1 where the drop was 39% year-over-year, compared to the current quarter which had a 27% drop year-over-year. NVIDIA stated that gaming desktop GPU sales fell, which isn’t a surprise considering the crypto craze a year ago, but sales were partially offset by increased notebook GPU sales.

Couldn't have anything to do with the markedly-higher prices of Turing cards, could it?

 

[DeathReborn]

Couldn't have anything to do with the markedly-higher prices of Turing cards, could it?

Crypto would be the main driver for the decline.