- Q2 revenue $46.7bn vs $46.0bn expected
- Adj EPS $1.05 vs $1.01 expected
- Q3 revenue guide $54bn vs $53bn expected
Matt Britzman, senior equity analyst, Hargreaves Lansdown:
“Nvidia shares have taken a dip in after-hours trading despite another record-breaking set of results. Smart investors will look through the noise. Nvidia has traded flat or down after results in four of the past five quarters, only to do all the heavy lifting after markets have had time to digest the results.
The law of large numbers seems irrelevant here – despite its scale, Nvidia continues to defy expectations as consensus underestimates the opportunity at hand. Third-quarter revenue guidance at $54bn is a strong number, especially when it factors in no benefit from Chinese sales.
Nvidia’s dominance in AI infrastructure remains unparalleled, cementing its position as the cornerstone of the AI revolution. With a customer base spanning cloud giants to sovereign entities and a relentless pace of product innovation, Nvidia continues to set the standard for the industry. Under the leadership of its visionary CEO, it’s proving to be the ultimate way to play the AI investment theme.“
The author holds shares in Nvidia.
