Nvidia beats expectations with 56% growth in Q2 revenues

Friday 11 August 2017 | 09:37 CET | News

Nvidia reported stronger-than-expected revenue growth in its fiscal second quarter to July, up 56 percent to USD 2.23 billion. The gross margin improved to 58.4 percent from 57.9 percent a year ago, and the company's net earnings more than doubled, to USSD 583 million or USD 0.92 per share from USD 261 million or USD 0.41 per share. 

Nvidia said it saw strong growth in the data centre market, as well as continued success in gaming. Its new initiatives such as the Drive PX self-driving platform also contributed, and the company started shipping artificial intelligence products such as the Volta GPU to customers in volume.

For fiscal Q3, Nvidia forecast revenue of USD 2.35 billion, plus or minus 2 percent, and a gross margin around 58.6 percent. 

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

::: add a comment