NVIDIA Reports Q2 Revenue Miss & Worse Than Expected Guidance, Shares Down 2%

NVIDIA (NASDAQ: NVDA) shares fell more than 2% after-hours following the company’s reported Q2 results, with revenue of $6.7 billion (up 3% year-over-year) coming in worse than the consensus estimate of $6.83 billion. Q2 EPS came in at $0.51, compared to the consensus estimate of $0.50.

Q2 Data Center revenue was up 61% year-over-year to $3.81 billion, while Gaming revenue was down 33% year-over-year to $2.04 billion. Professional Visualization revenue declined 4% year-over-year to $496 million. Automotive revenue grew 45% year-over-year to $220 million.

The company expects Q3 revenue of $5.90 billion, plus or minus 2%, worse than the consensus estimate of $6.92 billion.

“We are navigating our supply chain transitions in a challenging macro environment and we will get through this,” said Jensen Huang, founder and CEO of NVIDIA.

The company also declared a quarterly dividend of $0.04 per share, payable on September 29 to stockholders of record on September 8.

By Davit Kirakosyan

You May Also Be Interested In

• Michael Burry Says He Shorted Caterpillar For The First Time - Bloomberg
• 6 gold stocks to own in improving risk-reward environment
• This biotech stock is on TD Cowen's best smidcap ideas list