Earnings

Nvidia (NVDA) earnings Q2 2022

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Nvidia reported earnings on Wednesday for its second fiscal quarter, which ended Aug. 1, beating Wall Street estimates because of strong graphics card sales.

However, Nvidia’s cryptocurrency chip product, CMP, had lower sales, at $266 million, than the $400 million the company predicted in May. Shares of Nvidia were up more than 2% in after-hours trading.

Here’s how the chipmaker did versus Refinitiv consensus estimates:

  • Earnings: $1.04, adjusted, vs. $1.01 expected
  • Revenue: $6.51 billion, vs. $6.33 billion expected

Nvidia forecast $6.8 billion in revenue in the current quarter, beating Refinitiv expectations of $6.5 billion.

Nvidia is in a period of sustained, massive growth in its business…



Source cnbc.com

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