NVIDIA The company will report its second-quarter results after the close of trading on Wednesday.
So what does Wall Street expect from the chipmaker in the quarter ending in July, according to LSEG estimates?
- Earnings per Share: 64 cent adjustment
- Revenue: $28.7 billion
Nvidia has been the biggest beneficiary of the ongoing artificial intelligence boom, with the company’s market capitalization expanding more than ninefold since the end of 2022.
Investors are looking for signs that AI demand remains strong: Analysts on Wednesday project Nvidia will post triple-digit revenue growth for a fourth consecutive quarter, but year-over-year comparisons are starting to look increasingly tough and overall growth is expected to slow over the next seven quarters.
Nvidia’s October-quarter earnings guidance will be crucial in justifying the company’s stock price: Analysts are expecting earnings of 71 cents a share on revenue of $31.8 billion, which would represent annual revenue growth of about 77%.
Nvidia Chief Financial Officer Colette Kress is expected to provide investors with some data on the return on investment that Nvidia customers are getting from buying its products.
Investors will also want to know when Nvidia’s next-generation Blackwell AI chips will be available. Earlier this year, Nvidia CEO Jensen Huang said the company would see “significant” revenue from the new chips this year, but analysts and media reports have said the launch of the new chips could be delayed.
Any potential Blackwell delays would likely push the revenue to a future quarter, while at the same time boosting sales of the current generation of Hoppers, especially the new H200 chip.
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