Analysts generally agree, with the average Wall Street prediction sitting squarely at $3.65 billion. That would be an 18.5% rise from last quarter. Nvidia said they’re shooting for $3.65 billion in revenue for the second quarter. Data centre revenue grew 80%, smashing through $1 billion for the first time ever. Nvidia’s gaming revenue was up 25% year-on-year. We started to see this play out in the company’s first quarter earnings report. As a major chip supplier, Nvidia is in a perfect position to ride these trends. The work from home trend kicked in, fuelling massive demand for data centres and cloud computing. Gaming activity went through the roof with the entire developed world in lockdown. Supply chains dried up and the stock fell 30% along with the rest of the market in March.
Covid-19: good or bad for Nvidia?Īt first, it looked like Nvidia would take a hit from the coronavirus crisis. But their chips are also used in data centres, self-driving cars, and cryptocurrency mining rigs. Nvidia is best known for creating graphic processing units (GPU) chips for the gaming world. And 17 of the last 19 quarters! No wonder the stock is up 1,950% in the last five years. The company has beaten revenue expectations in the last five earnings reports. Covid-19 crisis is expected to benefit Nvidia with an increase in gaming and data centre demand.Analysts expect earnings-per-share of $1.97 on revenue of $3.65 billion.Nvidia has beaten revenue expectations in all five of its last quarterly reports.
It’s up 81% since the start of the year but can the chipmaker deliver the cold, hard numbers? Nvidia reports second-quarter earnings on August 19th. Nvidia stock has gone up like a rocket in 2020. Nvidia earnings on August 19: what to expect? News
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