Nvidia posts a $96.2 billion quarter, up 106 percent, and guides to $108 billion
The data center business alone brought in $89 billion, and the company told investors the current quarter should be larger still.
Nvidia reported revenue of $96.2 billion for the quarter ended July 26, up 18 percent from the prior quarter and 106 percent from a year earlier. Data Center revenue reached $89.0 billion, a 117 percent year-over-year increase, and GAAP and non-GAAP gross margins both landed at 75.0 percent. GAAP earnings were $2.46 per diluted share and non-GAAP earnings were $2.22. For the current quarter the company guided to revenue of $108.0 billion, plus or minus 2 percent, with gross margins of 74.0 percent.
Scripture for Reflection
“Instruct those who are rich in the present age not to be conceited and not to put their hope in the uncertainty of wealth, but in God, who richly provides all things for us to enjoy.”
Figures this large can quietly become the thing we lean on, so we can keep our hope fixed on God rather than on any number that keeps climbing.
