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<Results>NVIDIA 3FQ NP Up 65% Beats; Strong Rev. Guidance for This Qtr; Shrs Leap 4% After Hrs
Recommend 7 Positive 23 Negative 9 |
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NVIDIA (NVDA.US) announced after market close on Wednesday that its net profit for the third fiscal quarter ended October 26 added 65% YoY to US$31.91 billion, with adjusted EPS of US$1.3, surpassing the market expectation of US$1.25. The company's guidance for the current quarter also exceeded expectations, leading to a 4% leap in its stock price after hours. Revenue for the quarter grew by 62.5% YoY to US$57.006 billion, ahead of the street consensus of US$54.92 billion. Revenue from the data center segment gained 66% to US$51.2 billion, way above the expected US$49.09 billion. Looking ahead to the fourth fiscal quarter, the company projected revenue to reach US$65 billion, above the market average expectation of US$61.66 billion. NVIDIA CEO Jensen Huang stated that sales of Blackwell chips were a major beat; cloud GPUs were sold out; and the demand for computing in training and inference continued to accelerate. He believed that the company has entered a virtuous cycle in AI. AASTOCKS Financial News Website: www.aastocks.com |
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