Nvidia reports S$47.07B revenue and S$1.09 earnings per share in Q3, beating forecasts Singapore News -

📆 21/11/2024 19.19.00
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Nvidia reported better-than-expected third-quarter results for both revenue and earnings. The company posted adjusted earnings per share of US$0.81 , higher than analysts’ estimate of US$0.75 .

Revenue for the quarter reached US$35.08 billion , beating the forecast of US$33.16 billion , as reported by CNBC.

Nvidia’s growth continues to be powered by demand for its artificial intelligence chips. Its data centre business, which includes AI processors and related components, brought in US$30.8 billion in revenue, a 112% increase compared to last year.This figure also exceeded analysts’ expectations of US$28.82 billion . According to Nvidia, not all data centre sales came from chips, with about US$3.1 billion generated from networking parts.

Ms Kress noted that both Hopper and Blackwell systems face supply constraints, and demand for Blackwell is expected to exceed supply for several quarters in fiscal 2026.Nvidia’s gaming business also exceeded analysts’ expectations. The company reported US$3.28 billion in revenue, surpassing analysts’ expectations of US$3.03 billion .

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