Second-quarter revenue rose 106% to $96.2bn ($92.2bn expected). Growth was driven by the Data Centre platform rising 117% to $89.0bn, with Edge Computing up 27% to $7.2bn.
Underlying operating profit rose 124% to $64.0bn ($60.9bn expected).
Free cash flow rose 59% to $21.3bn, while net cash, including leases, stood at $61.0bn at the end of the period.
The group returned $26.0bn to shareholders in share buybacks and dividends, with $99.0bn remaining in the current share repurchase programme.
Third-quarter revenue guidance is around $108.0bn ($105.1bn expected), with gross margins expected to be around 74%.
The shares were up 4.7% in after-hours trading.
Our view
HL view to follow.
Nvidia key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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