earnings
confidence high
sentiment negative
materiality 0.85
NVIDIA Q2 revenue $6.70B (+3% YoY); EPS tumbles 72%; Q3 outlook below expectations
NVIDIA CORP
2023-Q2 EPS reported
$0.90
revenue$14,992,000,000
- GAAP EPS $0.26 (-72% YoY); Non-GAAP EPS $0.51 (-51% YoY).
- Gaming revenue $2.04B (-33% YoY, -44% QoQ) due to macro headwinds and channel inventory reduction.
- Data Center revenue $3.81B (+61% YoY) but below company expectations due to supply chain disruptions.
- GAAP gross margin 43.5% vs 64.8% YoY, impacted by $1.34B inventory and warranty reserves charge.
- Q3 FY23 revenue guidance $5.90B (+/-2%); GAAP gross margin expected ~62.4%.