Nvidia reported a 122.4% revenue increase to $30.040bn in Q2, with data center revenues up 154% to $26.3bn.
Nvidia surpassed Q2 earnings expectations, reporting a 122.4% revenue increase to $30.040bn and a profit per share increase to $0.67 from $0.25. Adjusted earnings reached $16.952bn or $0.68 per share, above the $0.64 per share analysts predicted. Data center revenues soared 154% to $26.3bn, driven by AI momentum. Despite the positive results, Nvidia's shares did not impress investors.
August 28, 2024
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