Nvidia beats revenue expectations with $30.05 billion, announces $50 billion buyback program

From Nasdaq: 2024-08-28 19:48:00

Nvidia exceeded Wall Street expectations with a revenue of $30.05 billion and adjusted EPS of $0.68. Despite a delay in the Blackwell chip, the company’s outlook remains positive. Nvidia announced a $50 billion buyback program. However, net profit margins shrunk to 55%, the first decline in two years, raising concerns about future profitability and competition. Investors should monitor profit margins in upcoming quarters to gauge long-term performance.



Read more at Nasdaq: Nvidia Q2 EPS Review: Blackwell Update, Buyback, Margins