NVIDIA said revenue for the quarter ended July 28, 2024 was $30.0 billion, up 15% from the previous quarter and up 122% from a year earlier. Data Center revenue was $26.3 billion.

1. 01

   NVIDIA said revenue for the quarter ended July 28, 2024 was $30.0 billion, up 15% from the previous quarter and up 122% from a year earlier. Data Center revenue was $26.3 billion.

2. 02

   The company reported GAAP net income of $16,599 million for the quarter, GAAP diluted earnings per share of $0.67, and a GAAP gross margin of 75.1%. Non-GAAP diluted earnings per share was $0.68.

3. 03

   The company said it returned $15.4 billion to shareholders through share repurchases and cash dividends in the first half of the fiscal year. As of Q2, it had $7.5 billion remaining under its existing repurchase authorization, and on August 26, 2024, its Board of Directors approved an additional $50.0 billion in repurchase authorization.

4. 04

   NVIDIA said it expects revenue for the next quarter (fiscal Q3) to be $32.5 billion, plus or minus 2%. It gave GAAP and non-GAAP gross margins of 74.4% and 75.0%, respectively, plus or minus 50 basis points.

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Original filing

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