Nvidia’s (NASDAQ:NVDA) third-quarter results surpassed Wall Street expectations, yet its fourth-quarter guidance fell short of the high investor anticipations driven by strong AI demand. Following the announcement, Nvidia’s shares declined by over 2% in pre-market today. In Q3, the company reported earnings per share of $0.81 and revenue of $35.1 billion, exceeding analyst forecasts of $0.75 EPS and $33.09 billion in revenue. The data center segment generated $30.8 billion, marking a 17% increase from the previous quarter and a 112% rise year-over-year, outperforming the expected $28.84 billion. For the fourth quarter, Nvidia projected revenue of $37.5 billion, plus or minus 2%, compared with the anticipated $37.09 billion. The company also forecasted GAAP gross margins of 73.0%, with a possible variance of 50 basis points.
N VIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing;
Price: 139.45
Market cap: 3.4 trillion USD
Eps: 2.54
P/e ratio: 54.90
