Nvidia's stock price fell after the earnings report: Q2 revenue exceeded expectations, but Q3 gross profit is expected to be below market expectations

ChainCatcher news, NVIDIA's revenue for the second quarter reached $30 billion, a year-on-year increase of 122%, exceeding analysts' expectations of $28.86 billion. The data center revenue for the second quarter was $26.3 billion, a year-on-year increase of 154%, while analysts had expected $25.08 billion; the expected revenue for the third quarter is $32.5 billion, with a fluctuation of 2%, compared to analysts' expectations of $31.9 billion; the gaming revenue for the second quarter was $2.9 billion, a year-on-year increase of 16%, exceeding analysts' expectations of $2.79 billion; the adjusted gross profit margin for the second quarter was 75.7%, compared to 71.2% in the same period last year, while analysts expected 75.5%; the adjusted earnings per share for the second quarter was $0.68, compared to $0.27 in the same period last year, with analysts expecting $0.64; the net profit for the second quarter was $16.599 billion, a year-on-year increase of 168%, exceeding analysts' expectations of $14.64 billion; the quarterly dividend per share remains unchanged at $0.01; an additional $50 billion stock buyback plan has been approved.

NVIDIA also predicts that the gross margin for the third quarter may be lower than market expectations, and the revenue is generally in line with expectations. The company's stock price fell 3% in after-hours trading, but has risen over 150% so far this year.