Nvidia saw fewer shipments of graphics cards for desktop PCs and system-on-chip components for gaming systems.Here's what the company reported: That would represent a roughly 9% annualized decline, and it's below the $2.97 billion consensus estimate among analysts polled by Refinitiv.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.The company's data center segment came in with $655 million in revenue. NVIDIA Corp (NASDAQ:NVDA) Q2 2020 Earnings Call Aug 15, 2019, 5:30 p.m.
Nvidia's data center business hit $1.14 billion U.S., up 80% from a year earlier. That's down 14% on an annualized basis and a bit less than the $668.5 million FactSet consensus. "Essentially our business is normalized," Kress said.Data is a real-time snapshot *Data is delayed at least 15 minutes. "While sales for internal hyperscale use were muted, the engineering focus on AI is growing," Nvidia's chief financial officer, Colette Kress, said on a conference call with analysts on Thursday.Got a confidential news tip? Nvidia cited a decline in revenue from "hyperscale" customers like cloud infrastructure providers. Press Release Nvidia Corp. Shares of Nvidia jump on company's Q2 earnings Closing Bell Nvidia stock rose as much as 7% on Thursday after hours, after the company reported better-than-expected fiscal-second quarter earnings. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. The chipmaker said it expects current quarter revenue of $3.65 billion U.S., plus or minus 2%, while analysts on average were expecting $3.29 billion U.S., according to IBES data from Refinitiv. Nvidia's data center chips power functions such as search suggestions and artificial intelligence work such as speech and image recognition.Reporting first-quarter results, Nvidia said its revenue rose 39% to $3.08 billion U.S. in the period ended April 26, with the data center business recording its first $1 billion U.S. quarter. Beats On Earnings, Forecasts Stronger Q2 Revenue Growth Published: May 22, 2020 at 7:51 a.m. Chipmaker Nvidia saw shares rise as much as 7% and then scale back on Thursday after it reported better-than-expected earnings for the first quarter of fiscal 2020.. Shares of Nvidia rose 0.4% in after-hours trading following the results being announced.COMTEX_366029741/2559/2020-05-22T07:51:06The high revenue forecast is being driven by surging demand for Nvidia's microchips, which are used in the data centers that power the shift to working remotely due to the global coronavirus outbreak. The segment beat analyst estimates of $1.07 billion U.S., according to Refinitiv data.May 22, 2020 (Baystreet.ca via COMTEX) --Nvidia Corp (NASDAQ:NVDA) has forecast second-quarter revenue above analysts' estimates.Nvidia said Thursday after markets closed that it has seen a jump in demand for data center chips as companies invest to strengthen their information technology infrastructure to support employees working remotely.
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Global Business and Financial News, Stock Quotes, and Market Data and Analysis.With respect to guidance, Nvidia says that in the fiscal third quarter it expects $2.90 billion in revenue, plus or minus 2%. Nvidia also said that sales to cloud computing companies drove its data center results in the first quarter. We want to hear from you.Nvidia said it estimates gross margin in the fiscal third quarter to be 62.5%, plus or minus 50 basis points; analysts polled by FactSet had been looking for 60.2%.Nvidia's biggest segment, gaming, produced $1.31 billion in venue, down 27% on an annualized basis and just above the $1.30 billion consensus estimate among analysts surveyed by FactSet. The company said the forecast includes a contribution from its $6.9 billion U.S. purchase of Israeli microchip firm Mellanox Technologies Ltd, which strengthened Nvidia's data center business.Nvidia's net income rose to $917 million U.S., or $1.47 U.S. per share, from $394 million U.S., or 64 cents U.S. per share, a year earlier.
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NVIDIA Q2 2020 earnings