Nvidia CEO Jensen Huang speaks throughout Computex 2024 in Taipei on June 4, 2024.
I-hwa Cheng | AFP | Getty Pictures
Nvidia studies second fiscal-quarter earnings Wednesday after the bell.
Here’s what Wall Avenue expects from the chipmaker within the quarter ending in July, in line with LSEG estimates:
- Earnings per share: 64 cents adjusted
- Income: $28.7 billion
Nvidia is the first beneficiary of the continuing synthetic intelligence increase. Its market worth has expanded greater than 9 occasions because the finish of 2022.
Traders can be searching for indications that AI demand stays excessive. Whereas analysts anticipate Nvidia to put up a fourth straight quarter of triple-digit income development on Wednesday, year-over-year comparisons begin to get a lot harder, and total development is anticipated to gradual for the subsequent seven quarters.
Nvidia’s October-quarter forecast can be vital for justifying the corporate’s inventory value. Analysts are searching for 71 cents in earnings per share on $31.8 billion in gross sales, which might be about 77% annual income development.
Nvidia Chief Monetary Officer Colette Kress will possible present some information factors to traders on a name with analysts that describe the returns on funding its prospects are getting on their Nvidia orders.
Traders may also wish to hear when Nvidia’s next-generation Blackwell AI chips will launch. Earlier this yr, Nvidia CEO Jensen Huang stated the corporate will see “lots” of income from the brand new chips this yr, however analysts and media studies recommend that the brand new chips could also be delayed.
Even with a possible Blackwell delay, that income may very well be pushed right into a future quarter whereas boosting current-generation Hopper gross sales, particularly the newer H200 chip.
