Nvidia's second quarter financial report summary and summary evaluation!
I just didn't sleep, #英伟达 #NVDA's financial report has been released, I took a quick look at the situation,
The second quarter revenue reached 300, exceeding the market's original expectation of 29 billion.
This is a 15% increase from the first quarter and a 122% increase from the same period last year.
Data center revenue reached $26.3 billion, a record high, up 16% from the first quarter and 154% from the same period last year.
The gross profit margin was 75.1%, down 3.3% from the first quarter and up 5% from the same period last year.
Research and development expenses were RMB 3.09 billion, up 13.6% from the first quarter and 51.5% from the same period last year.
Adjusted operating income was RMB 19.937 billion, up 10.4% from the first quarter and 156.3% from the same period last year
Adjusted earnings per share were $0.68, up 11.5% from the first quarter and 151.9% from the same period last year
At the same time, Nvidia raised its third-quarter forecast.
The third quarter revenue forecast is about 32.5 billion, an increase of 8.2%
Gross profit margin expectations have declined, down 0.93% this quarter. This may be due to seasonal factors that caused the gross profit margin to be too high.
Operating expenses increased by 9.4%
Overall, Nvidia remains optimistic about the second half of the year, but looking at the third quarter outlook, although expectations have been raised, they have weakened.
At the same time, regarding the delay in Blackwell technology replacement that we were worried about before, Huang said that new samples have been shipped to customers and partners. At the same time, the H200 series is developing more rapidly, which should be able to temporarily make up for the decline in sales caused by the delay in Blackwell technology.
Summarize:
Nvidia's second-quarter financial report is very good overall. Although Nvidia has faced a substantial increase in market value from last year to now, it is clear that its potential and development are still strong.
However, can this strong development be recognized by the market? It should be known that the expectations of enterprises in the investment market are often "excessive" and higher expectations.
Simply looking at the second quarter earnings, although it exceeded the original analyst expectations of 29 billion, it was the quarter with the lowest revenue expectations in the past six quarters, and was about 4.1% lower than the average growth level of analysts' tasks. In other words, in terms of revenue, Nvidia has not encountered a bottleneck at present as its market value and stock price increase, but it is not far from the bottleneck.
Judging from the current stock price, after the U.S. stock market closed, Nvidia has fallen by about 6%, leading to a collective decline in the entire technology sector.
Overall, NVIDIA is still an excellent company. After experiencing explosive growth, it still has good potential. However, after experiencing explosive growth, the company has to face the path of returning to normal growth, so the expectations for current and future financial reports have begun to gradually decline. This is not unfavorable for the company's development, but a process of the company returning to normal growth.
Of course, for risk market investors, this situation will not be acceptable. Nvidia’s stock price is expected to experience a correction to allow the stock price to "return to value", but Nvidia’s future potential is still good.
