Nvidia Q2 results top estimates; unveils $50B stock buyback
Trending Articles- Today’s Market Recap: US and Iran Signal Willingness to End Conflict, Three Major US Stock Indexes Surge, Dollar Ends Five-Day Winning Streak
- US-Iran Rift Persists, Will Gold Rise or Fall Next?
- Trump Withdrawal Intent Reshapes Liquidity, Bitcoin Breaks $68,000 Mark
- Gold rallies on hopes for US-Iran talks and falling US Treasury yields
- Gold Price Forecast: XAU/USD opens lower around $4,450 on fears of widening Iran conflicts
- USD/JPY Hits 160.00 Mark, Will Japanese Government Intervene? Will the Currency’s Rally Be Contained?
Investing.com -- Nvidia reported Wednesday better-than-expected Q2 results, and the chipmaker announced a $50B stock buyback program.
NVIDIA Corporation (NASDAQ:NVDA) fell more than 4% in afterhours following the report.
For the three months ended Jul. 28, the company reported Q2 adjusted earnings of $0.68 a share on revenue of $30.04 billion, beating estimates of $0.64 and $28.68B respectively.
The stronger quarterly results were supported by a 154% surge in data center revenue to $26.27B from the same period a year earlier.
For Q3, revenue is expected to be $32.5B, plus or minus 2%, beating Wall Street estimates of $31.9B.
The company said it approved an additional $50.0B share buyback plan.
The company also said it expected to speed up production of its Blackwell AI chips staring in Q4 and continuing into fiscal 2026.
Nvidia expects to ship "several billion dollars in Blackwell revenue" in Q4, the company said.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
