Nvidia Reports Record Q2 Revenue, EPS $0.68, $50B Buyback as Shares Fall 6%

Aug 28, 2024, 08:24 PM

Nvidia has reported its second-quarter financial results for fiscal year 2025, showcasing significant growth across various metrics. The company announced a record quarterly revenue of $30.04 billion, which marks a 122% increase year-over-year and exceeds the estimated $28.86 billion. Nvidia's adjusted earnings per share (EPS) came in at $0.68, surpassing the expected $0.64. The data center revenue reached $26.3 billion, up 154% from the previous year. Additionally, Nvidia has approved a substantial $50 billion share buyback program. Despite these impressive figures, Nvidia's shares fell by approximately 6% in after-hours trading. The company has also provided guidance for the third quarter, expecting revenue around $32.5 billion, slightly above the consensus estimate of $31.9 billion. Nvidia's adjusted gross margin was reported at 75.7%, slightly above the estimated 75.5%.