M.O. Stevens
The firm also revealed an $80 billion repurchase plan and raised its dividend, yet its stock declined slightly in after-hours trading on Wednesday.
For the quarter that ended on April 26, Nvidia reported a net profit of $58.32 billion, translating to $2.39 per share, in contrast to $18.78 billion, or $0.76 per share, from the previous year.
The firm's quarterly earnings rose to $81.62 billion, up from $44.06 billion the previous year.
FactSet-surveyed analysts predict a net income of $42.9 billion with revenues totaling $78.9 billion.
The data center sector almost increased its revenue to $75.2 billion. Edge Computing earnings rose 29% to reach $6.4 billion.
"Demand has increased dramatically," stated the company’s CEO Jensen Huang. "The explanation is evident: the age of AI agents has begun."
The firm projects earnings of around $91 billion for the ongoing quarter.
source: bloomberg.com
For the quarter that ended on April 26, Nvidia reported a net profit of $58.32 billion, translating to $2.39 per share, in contrast to $18.78 billion, or $0.76 per share, from the previous year.
The firm's quarterly earnings rose to $81.62 billion, up from $44.06 billion the previous year.
FactSet-surveyed analysts predict a net income of $42.9 billion with revenues totaling $78.9 billion.
The data center sector almost increased its revenue to $75.2 billion. Edge Computing earnings rose 29% to reach $6.4 billion.
"Demand has increased dramatically," stated the company’s CEO Jensen Huang. "The explanation is evident: the age of AI agents has begun."
The firm projects earnings of around $91 billion for the ongoing quarter.
source: bloomberg.com
