Nvidia Surpasses Q2 2024 Data Center Revenue Estimates with $26.27 Billion, Raises Growth Concerns

Sep 10, 2024, 05:15 PM

Nvidia's data center revenue for Q2 2024 reached $26.27 billion, surpassing estimates by $1.17 billion. This marks the fifth consecutive quarter where Nvidia has exceeded data center revenue estimates by over $1 billion. Despite this achievement, concerns have been raised about slowing growth and a dip in margins, with total Q2 2024 revenue amounting to $13.5 billion. Citi reported that Nvidia's GPU revenue share was up 68bps (94.2%) in gaming and down 110bps (96.1%) in data.