Nvidia Tops Estimates for Sales, Profit on Game-Chip Rebound
- Chipmaker says all markets grew sequentially in quarter
- Stock rallies on optimism for end to inventory slump
Photographer: Justin Sullivan/Getty Images
This article is for subscribers only.
Nvidia Corp.’s second-quarter sales and profit topped analysts’ estimates, suggesting that a slump in orders may be easing amid a revival in demand for graphics chips and parts used in data centers. The stock rallied in late trading.
Revenue in the quarter that ended July 28 was $2.58 billion and profit excluding certain costs was $1.24 a share, the Santa Clara, California-based company said in a statement on Thursday. Analysts, on average, had estimated adjusted earnings of $1.14 a share on sales of $2.54 billion.