NVDA -2%: Decent results with DC/Total revs in-line with bogeys and approves $50B; Q3 guide slightly below bogey
Saying they expect billions in blackwell rev in Q4 and production set to begin in Q4, but that changes needed to improve blackwell production and had to change blackwell mask production step (stock reversed a bit lower bc of this).
Key now is what Jensen says on the call, as always:
Q2 DC revs $26.3B vs $26B+ bogeys $25B street
Total Revs $30B vs $28.8 street and $30B+ bogeys
Q3 Revs guided to $32.5B vs street at $31.9B and bogeys of $33B
“Blackwell samples are shipping to our partners and customers. Spectrum-X Ethernet for AI and NVIDIA AI Enterprise software are two new product categories achieving significant scale, demonstrating that NVIDIA is a full-stack and data center-scale platform. Across the entire stack and ecosystem, we are helping frontier model makers to consumer internet services, and now enterprises. Generative AI will revolutionize every industry.”
NVDA RESULTS…
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