According to foreign media reports, on August 28th local time, Nvidia released its financial data for the second quarter of fiscal year 2025 as of July 28th, 2024, along with its third quarter performance guidance. Due to guidance failing to meet Wall Street's most optimistic expectations and reports of problems with its heavily promoted Blackwell chip production, the company's stock price plummeted by over 8% after hours. According to the financial report, Nvidia's revenue for the second quarter was $30 billion, a year-on-year increase of 122%, and analysts expected it to be $28.86 billion; Net profit was $16.599 billion, a year-on-year increase of 168%, and analysts expected it to be $14.64 billion; Adjusted earnings per share were $0.68, compared to $0.27 in the same period last year, and analysts expected $0.64. Nvidia expects its third quarter revenue to reach approximately $32.5 billion. Although analysts have an average expectation of $31.9 billion, the high-end range is expected to reach $37.9 billion. Nvidia also stated that its highly anticipated new Blackwell chip encountered difficulties in the production process, causing the company's stock to fall after hours. Nvidia's quarterly report met or exceeded analysts' expectations on almost all metrics, but Nvidia's investors have become accustomed to explosive quarterly performance, and the latest data has not satisfied the market. WestPark Capital analyst Calvin Galligan said that for investors with high expectations, it is not enough for Nvidia's third quarter revenue outlook to be slightly higher than the market average. In order to appease the market, Nvidia announced its latest stock repurchase plan. On August 26th, the board of directors approved an additional $50 billion stock repurchase authorization with no expiration date. Analysis indicates that the company has been performing well, but due to high market expectations, it is becoming increasingly difficult to impress investors. Prior to the announcement, there were concerns about issues with Nvidia's new Blackwell chip design. Nvidia acknowledges that there are issues in production and is undergoing reforms to improve production yield, which refers to the proportion of qualified products. Meanwhile, Nvidia expects the product to generate "billions of dollars" in revenue in the fourth quarter. Nvidia's Chief Financial Officer (CFO), Claire Cross, said that samples of the Blackwell architecture were delivered to customers in the second quarter. Blackwell's production ramp up plan will begin in the fourth quarter and continue until the 2026 fiscal year. The demand for Hopper chips is strong, and it is expected that the shipment volume will increase in the second half of the 2025 fiscal year. Nvidia is one of the best performing stocks in the S&P 500 index this year. Since 2024, Nvidia's stock price has soared by 159%, surpassing all other semiconductor stocks. Nvidia's market value exceeds $3 trillion, almost equivalent to the total market value of the top 10 chip manufacturers ranked behind it. However, there are doubts in the market about how much room for the stock to rise, and the impressive revenue and net profit in the second quarter do not seem to dispel market concerns. (New Society)
Edit：Xiong Dafei Responsible editor：Li Xiang
Source：JJCK
Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email：lwxsd@liaowanghn.com
Sci-Tech
Recommended Reading Change it 
Home
