Overview
- Revenue hit $12.7 billion versus a $10.42 billion estimate and adjusted EPS reached $0.69 versus $0.49 expected, with shares rising in after‑hours and premarket trading.
- Management guided for at least $12.3 billion in Q3 revenue and at least $0.60 in adjusted EPS, and lifted full‑year sales guidance to a minimum of $40 billion.
- GPU‑based AI systems generated the vast majority of sales, with management highlighting Data Center Building Block Solutions as a growth focus alongside four new factories ramping.
- Gross margin fell to about 6.3%–6.4%, which the company linked to costly logistics for Nvidia Blackwell components and low‑margin design awards, with some easing anticipated.
- One customer accounted for roughly 63% of quarterly revenue, the company reported $4.1 billion in cash against $4.9 billion in debt, and analyst views remain split with volatile options pricing into the report.