In its third quarter earnings release, AI chipmaker Nvidia (NVDA) published adjusted earnings of $1.30 per share while beating revenue estimates ($57.01 billion vs. expectations of $55.19 billion). The stock is getting a lift in Wednesday’s after-hours trading.
Market Domination Overtime host Josh Lipton delves into the revenue figures of Nvidia’s AI data center business and the semiconductor manufacturer’s fourth quarter guidance.
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00:00 Speaker A
Nvidia third quarter earnings, they are just now crossed the wire. Let’s get you those numbers. Start with Q3. EPS of 130. I don’t see a compare there yet, but Q3 revenue, 57.01 billion. The street was at 55.19 billion. Q3 data center revenue, 51.2 billion. That’s a beat. The street was at 49.34 billion.
00:23 Speaker A
Uh turning ahead, I’m looking for the guidance. Q4 revenue, they’re calling for 65 billion plus or minus 2%. The estimate was at 62 billion there. and Q4 gross margins, they’re calling for 75%. The estimate was at 74.6%.
00:41 Speaker A
Um Jensen Wong, some commentary coming out there saying, cloud GPUs are sold out. Just highlighting the demand he’s seeing there. Remember, interesting thing, this stock heading into this print, you know, it was up about 40% year to date, but it had been roughly flat since they last reported. We know investors had these increasing concerns about uh AI trade, AI valuations, but in this initially here, this stock is popping almost 5%. Investors, of course, not just focused on this print, but they they look to Nvidia for lines of sight into how sustainable they think this great AI trade and theme could really be. And in this at least initially here, they are bidding up Nvidia. We’re up about 4 and a half percent here in the after hours off this print.
