Artificial intelligence stalwart Nvidia Corp. (NASDAQ:NVDA) reported Wednesday after the market close forecast-bearing results and also issued above-consensus guidance. A slight sequential decline in margin was the only sore spot. Notwithstanding the outperformance, the chipmaker could not satiate the Street.
What Happened: Nvidia reported fiscal year 2025 second-quarter non-GAAP earnings of 68 cents per share and revenue of $30.04 billion, outperforming the Street estimate of 64 cents and $28.68 billion. Non-GAAP gross margin slipped 3.2 points sequentially to 75.7%, with the company attributing the softness to inventory provisions for low-yielding Blackwell material and a higher mix of new products within the data center business.
The company guided to third-quarter revenue of $32.5 billion-plus or minus 2%, compared to the consensus of $31.69 billion, and maintained full-year non-GAAP gross ...
