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#SALES FINANCES PLUS#

GAAP and non-GAAP gross margins are expected to be 71.5% and 72.5%, respectively, plus or minus 50 basis points.Revenue is expected to be $16.00 billion, plus or minus 2%.

NVIDIA’s outlook for the third quarter of fiscal 2024 is as follows: NVIDIA will pay its next quarterly cash dividend of $0.04 per share on September 28, 2023, to all shareholders of record on September 7, 2023. NVIDIA plans to continue share repurchases this fiscal year. On August 21, 2023, the Board of Directors approved an additional $25.00 billion in share repurchases, without expiration. As of the end of the second quarter, the company had $3.95 billion remaining under its share repurchase authorization.

The race is on to adopt generative AI,” he said.ĭuring the second quarter of fiscal 2024, NVIDIA returned $3.38 billion to shareholders in the form of 7.5 million shares repurchased for $3.28 billion, and cash dividends.

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Leading enterprise IT system and software providers announced partnerships to bring NVIDIA AI to every industry. “During the quarter, major cloud service providers announced massive NVIDIA H100 AI infrastructures. “NVIDIA GPUs connected by our Mellanox networking and switch technologies and running our CUDA AI software stack make up the computing infrastructure of generative AI. Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA. Non-GAAP earnings per diluted share were $2.70, up 429% from a year ago and up 148% from the previous quarter. GAAP earnings per diluted share for the quarter were $2.48, up 854% from a year ago and up 202% from the previous quarter. NVIDIA (NASDAQ: NVDA) today reported revenue for the second quarter ended July 30, 2023, of $13.51 billion, up 101% from a year ago and up 88% from the previous quarter.

Record Data Center revenue of $10.32 billion, up 141% from Q1, up 171% from year ago.

Record revenue of $13.51 billion, up 88% from Q1, up 101% from year ago.

Sales finances