Nvidia Reports Strong Fiscal Q2 Earnings
Nvidia (NASDAQ: NVDA) announced its fiscal Q2 2027 results on August 26, 2023, reporting non-GAAP earnings per share of $2.22 and sales of $96.22 billion, surpassingWall Street’s expectations of $2.10 per share on $92.17 billion in sales. This marks a staggering year-over-year revenue growth of 106%.
CEO Jensen Huang forecasted approximately 70% sales growth for the next fiscal year, significantly higher than the analysts’ estimate of 44%. He also projected gross margins to rise to between 72% and 73%. Huang asserted that Nvidia has a $25 billion revenue opportunity per gigawatt of AI compute with its Blackwell processors and a $40 billion opportunity with its new Vera Rubin GPUs.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
