As per the calendar, the NVDA Earnings Date 2024 was finalised to be August 28, 2024, and guess what? It’s already here!
Let’s get into the details of the Nvidia Earnings Report real quick!
Guide To NVIDIA Earnings Report
NVIDIA (NASDAQ: NVDA) has announced impressive financial results for the second quarter of fiscal year 2025. The company reported record-breaking revenue of $30.0 billion for the quarter ending July 28, 2024. This represents a 15% increase in NVDA earnings from the previous quarter and a breaking 122% rise compared to the same period last year.
Record Data Center Revenue
Not only Nvda stock earnings but also NVIDIA’s data center segment also set new records, with revenue reaching $26.3 billion. This figure marks a 16% increase from Q1 and a remarkable 154% growth from the previous year. The surge in data center revenue highlights the increasing demand for NVIDIA’s advanced computing and AI technologies.
Earnings and Financial Metrics
For the second quarter, Nvidia earnings report presented the following key financial figures:
| Metrics | Q2 FY25 | Q1 FY25 | Q2 FY24 | Quarter-over-Quarter Change | Year-over-Year Change |
| Revenue | $30.0 billion | $26.0 billion | $13.5 billion | Up 15% | Up 122% |
| GAAP Earnings per Share (EPS) | $0.67 | $0.60 | $0.25 | Up 12% | Up 168% |
| Non-GAAP Earnings per Share (EPS) | $0.68 | $0.61 | $0.27 | Up 11% | Up 152% |
| Gross Margin (GAAP) | 75.10% | 78.40% | 70.10% | Down 3.3 percentage points | Up 5.0 percentage points |
| Operating Income (GAAP) | $18.6 billion | $16.9 billion | $6.8 billion | Up 10% | Up 174% |
Gaming and Other Sectors
In gaming, the NVDA earnings reached $2.9 billion, up 16% from last year. New technologies, such as NVIDIA ACE and Project G-Assist, highlight the company’s innovation in AI-driven gaming experiences. NVIDIA has also expanded its GeForce NOW service and introduced several new games and apps.
Suggested Read: Crypto Games: Exploring the Future of Gaming!
Non-GAAP Measures
NVIDIA also provides non-GAAP financial metrics to offer additional insight into its performance. These measures adjust for items like nvda stock earnings, stock-based compensation, and other costs to give a clearer picture of the company’s operational efficiency.
What’s In For The Future?
Looking ahead to the third quarter of fiscal 2025 regarding the Nvidia earnings report, NVIDIA expects revenue to reach $32.5 billion, with a margin of plus or minus 2%. The company anticipates GAAP and non-GAAP gross margins to be approximately 74.4% and 75.0%, respectively.
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