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Here's What Key Metrics Tell Us About Nvidia (NVDA) Q2 Earnings
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For the quarter ended July 2024, Nvidia (NVDA - Free Report) reported revenue of $30.04 billion, up 122.4% over the same period last year. EPS came in at $0.68, compared to $0.27 in the year-ago quarter.
The reported revenue represents a surprise of +5.72% over the Zacks Consensus Estimate of $28.42 billion. With the consensus EPS estimate being $0.64, the EPS surprise was +6.25%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Nvidia performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Gaming
: $2.88 billion versus the eight-analyst average estimate of $2.79 billion. The reported number represents a year-over-year change of +15.9%.
Revenue- Professional Visualization
: $454 million versus the eight-analyst average estimate of $446.57 million. The reported number represents a year-over-year change of +19.8%.
Revenue- Data Center
: $26.27 billion versus the eight-analyst average estimate of $24.85 billion. The reported number represents a year-over-year change of +154.5%.
Revenue- OEM and Other
: $88 million versus the eight-analyst average estimate of $79.68 million. The reported number represents a year-over-year change of +33.3%.
Revenue- Automotive
: $346 million versus the eight-analyst average estimate of $346.28 million. The reported number represents a year-over-year change of +36.8%.
Revenue- Datacenter- Computer
: $22.60 billion versus $21.62 billion estimated by two analysts on average.
Revenue- Datacenter- Networking
: $3.67 billion versus $3.41 billion estimated by two analysts on average.
Shares of Nvidia have returned +23.7% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Nvidia (NVDA) Q2 Earnings
For the quarter ended July 2024, Nvidia (NVDA - Free Report) reported revenue of $30.04 billion, up 122.4% over the same period last year. EPS came in at $0.68, compared to $0.27 in the year-ago quarter.
The reported revenue represents a surprise of +5.72% over the Zacks Consensus Estimate of $28.42 billion. With the consensus EPS estimate being $0.64, the EPS surprise was +6.25%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Nvidia performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Nvidia here>>>Revenue- Gaming
: $2.88 billion versus the eight-analyst average estimate of $2.79 billion. The reported number represents a year-over-year change of +15.9%.Revenue- Professional Visualization
: $454 million versus the eight-analyst average estimate of $446.57 million. The reported number represents a year-over-year change of +19.8%.Revenue- Data Center
: $26.27 billion versus the eight-analyst average estimate of $24.85 billion. The reported number represents a year-over-year change of +154.5%.Revenue- OEM and Other
: $88 million versus the eight-analyst average estimate of $79.68 million. The reported number represents a year-over-year change of +33.3%.Revenue- Automotive
: $346 million versus the eight-analyst average estimate of $346.28 million. The reported number represents a year-over-year change of +36.8%.Revenue- Datacenter- Computer
: $22.60 billion versus $21.62 billion estimated by two analysts on average.Revenue- Datacenter- Networking
: $3.67 billion versus $3.41 billion estimated by two analysts on average.Shares of Nvidia have returned +23.7% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.