Nvidia Fiscal Q2 Outlook
Nvidia (NASDAQ: NVDA) has projected fiscal second-quarter revenue ranging from $89.2 billion to $92.8 billion, with a midpoint of $91.0 billion. This estimate is set to be reported on August 26, 2023. Analysts expect an average revenue of about $91.9 billion, with adjusted earnings per share estimated at approximately $2.08.
The guidance notably excludes any revenue from data center compute sales in China, reflecting the ongoing restrictions affecting Nvidia’s operations there. The company’s gross margin is forecasted to be around 75%. Last year’s Q2 revenue stood at $46.7 billion, indicating a potential year-over-year growth of nearly 100% in the upcoming results.
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