Adjusted earnings per share for the quarter were $6.12, compared with analysts’ average expectations of $5.59 on sales of $26.61 billion, according to research firm LSEG.
During the corresponding quarter last year, the profit was 1.09 dollars per share.
Now the turnover rose to 26.04 billion dollars. In that part, expectations were 24.65 billion dollars and can be compared with 7.19 billion in the corresponding quarter last year.
Bright future
Even in the current quarter, things look bright, according to Nvidia. The company says it expects sales to reach $28 billion, signaling continued AI growth.
This year alone, Nvidia’s stock has surged 90.5 percent. In four quarterly reports in a row, the company has far exceeded the market’s expectations.
– The company, with its dominant position as a manufacturer of the hardware that is central to the generative AI boom, is a temperature gauge for the entire industry. These figures show that it is still red-hot, says SVT’s economic commentator Alexander Norén.
Increased by several hundred percent
During the past year, the share’s rise is roughly 200 percent. Nvidia now accounts for about 5 percent of the value of Wall Street’s broad S&P 500 index of the 500 highest-valued companies — compared with 2.2 percent a year ago, according to Bloomberg.
The market received the report from Nvidia well. The stock rises sharply in after-hours trading on the New York Stock Exchange.
Hear SVT’s economic commentator Alexander Norén about Nvidia’s role on the stock market in the clip above.