Nvidia Posts 85% Revenue Surge to $81.6B, Forecasts $91B Next Quarter
Nvidia reported net income of $58.32bn or $2.39 per share for the February–April quarter, up from $18.78bn or $0.76 per share a year earlier, and an 85% revenue jump to $81.62bn. It authorized an $80bn buyback, raised its dividend to $0.25, and forecast $91bn in next-quarter sales.
1. Quarterly Earnings Surge
Nvidia recorded net income of $58.32bn, up from $18.78bn a year earlier, translating to $2.39 per share versus $0.76 per share.
2. Revenue Growth and Guidance
Revenue jumped 85% to $81.62bn in the quarter, and management forecast $91bn in sales for the next quarter.
3. Capital Returns and Expenses
Operating expenses climbed 49% to $7.75bn, as Nvidia authorized an $80bn share buyback and raised its quarterly dividend to $0.25 per share from $0.01.
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Sources
IIF