Nvidia's Q2 Earnings: Revenue Doubling May Not Be Enough

fool.com

Nvidia reports Q2 earnings on Aug. 26, with Wall Street expecting $92.2 billion in revenue, nearly double last year's $46.7 billion, yet the stock may still fall if it merely meets targets. The company beat Q1 estimates by $2.8 billion but saw its stock drop 5% afterward, as investors have grown accustomed to outperformance. Nvidia's guidance is $91 billion, below the consensus. The key metric to watch is gross margin, currently at 75%, with potential downside from rising memory prices affecting outsourced components.


With a significance score of 1.5, this news ranks in the top 35% of today's 33118 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: