NVDA earnings date is now approaching very soon according to analysts and the company’s previous historical dates.
According to Wall Street Horizon, NVDA earnings date should be expected sometime around November 26, 2024.
However, it’s important to note that the official date has still been unconfirmed and this is just a forecast based on data from previous dates.
Nvidia expects adjusted gross margin of 75%, plus or minus 50 basis points, in the third quarter.
Analysts on average forecast gross margin to be 75.5%, according to LSEG data.
It reported a 75.7% gross margin in the second quarter versus an average estimate of 75.8%.
Its gross margin still tops that of rivals, helped by the steep price tags attached to its speedy chips.
AMD recorded an adjusted margin of 53% in its fiscal second quarter.
Nvidia forecast revenue of $32.5 billion, plus or minus 2%, for the third quarter, compared with analysts’ average estimate of $31.77 billion, according to LSEG data.
Second-quarter revenue was $30.04 billion, beating estimates of $28.70 billion. Excluding items, Nvidia earned 68 cents per share in the second quarter, beating estimates of 64 cents.
Sales in Nvidia’s data center segment grew 154% to $26.3 billion in the second quarter ended July 28, above estimates of $25.15 billion.
From the first quarter, it increased 16%.
It also derives revenue from selling chips to gaming and auto companies.
NVDA stock is currently is currently up nearly 180% this year-to-date.
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