Nvidia: EPS multiplied by 2.5 in Q2

(CercleFinance.com) - Chipmaker Nvidia, inventor of the GPU, announced on Wednesday evening adjusted EPS (non-GAAP) of $0.
68 for its second quarter 2024-25, up 152% on the same period last year.

Also in year-on-year comparison, its gross margin improved by 4.5 points to 75.7%, on sales up 122% to just over $30 billion, including data center sales up 154% to $26.3 billion.

"Demand for Hopper remains strong, and Blackwell's anticipation is incredible," points out Jensen Huang, its founder and CEO. Data centers are at full throttle to modernize the entire computing stack with accelerated computing and generative AI'.

For its third accounting quarter, Nvidia notably estimates its adjusted gross margin at 75%, plus or minus 50 basis points, on expected revenues of $32.5 billion, plus or minus 2%.

After distributing $15.4 billion to shareholders in dividends and share buy-backs in the first half of the year, the Board of Directors has approved an additional share buy-back authorization for $50 billion, with no expiration date.

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