NVIDIA beats by $0.04, beats on revs; guides Q4 revs above consensus; Blackwell sales are off the charts, and cloud GPUs are sold out
+2.85%
Reports Q3 (Oct) earnings of $1.30 per share, excluding non-recurring items, $0.04 better than the FactSet Consensus of $1.26; revenues rose 62.5% year/year and 22% sequentially to $57.01 bln vs the $54.90 bln FactSet Consensus.Data Center segment: Q3 revenue was a record $51.2 bln, up 25% sequentially and 66% yr/yr.Gaming and AI PC: Q3 revenue was $4.3 bln, down 1% sequentially and up 30% yr/yr.Professional Visualization: Q3 revenue was $760 mln, up 26% sequentially and up 56% yr/yr.Automotive and Robotics: Q3 revenue was $592 mln, up 1% sequentially and up 32% yr/yr.Non-GAAP gross margin was 73.6% vs 73-74% prior guidance.Co issues upside guidance for Q4 (Jan), sees Q4 revs of $63.70-66.30 bln vs. $62.17 bln FactSet Consensus. Co guides to Q4 non-GAAP gross margin of 74.5-75.5%."Blackwell sales are off the charts, and cloud GPUs are sold out," said Jensen Huang, founder and CEO of NVIDIA. "Compute demand keeps accelerating and compounding across training and inference - each growing exponentially. We've entered the virtuous cycle of AI. The AI ecosystem is scaling fast - with more new foundation model makers, more AI startups, across more industries, and in more countries. AI is going everywhere, doing everything, all at once." |
