The company forecast revenue of US$32.5 billion, plus or minus 2 per cent, for the third quarter, compared with analysts’ average estimate of US$31.77 billion, according to LSEG data.
Second-quarter revenue was US$30.04 billion, beating estimates of US$28.70 billion.
Sales in Nvidia’s data centre segment grew 154 per cent to US$26.3 billion in the second quarter ended July 28, above estimates of US$25.15 billion. From the first quarter, it increased 16 per cent.
“Based on the stock reaction, only a US$2billion beat was not enough for investors with high expectations,” said Kevin Garrigan, an analyst at WestPark Capital.
The company said it expects several billion dollars in revenue from its latest Blackwell chips in the fourth quarter, addressing widespread concerns of reported production delays hampering growth.
“Blackwell samples are shipping to our partners and customers,” CEO Jensen Huang said in a statement.
From: channelnewsasia
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