Nvidia CEO Jensen Huang arrives at the launch of the Gefion supercomputer at Vilhelm Lauritzen Terminal on October 23, 2024 in Kastrup, Denmark.
Ritzau Scanpix | Mads Claus Rasmussen | By Reuters
Nvidia It reports fiscal third-quarter earnings on Wednesday after the market closes.
According to LSEG consensus estimates, what Wall Street is looking for:
- Income: $33.16 billion
- Earnings per share: 75 cents, adjusted
How Nvidia views the current quarter shaping up is even more important than the results. Investors want to see if the chipmaker can continue to grow at a strong rate even as the artificial intelligence boom enters its third year. Wall Street expects Nvidia to post 82 cents a share on sales of $37.08 billion.
Much of that growth in the future will have to come from Blackwell, with its next-generation AI chip for data centers currently shipping to customers. Microsoft, Google And Oracle.
Analysts will be listening closely to CEO Jensen Huang’s comments to see what he has to say about Blackwell’s demand. The company may also address reports that some systems based on Blackwell chips are experiencing issues. Overheating problems.
In August, Nvidia said it expected “several billion” in Blackwell sales during the January quarter.
Nvidia stock has nearly tripled since the start of 2024.
The company reported 122% growth in sales in the most recent quarter, but that was a slowdown from the 262% year-over-year growth reported in the April quarter and the 265% growth in the January quarter.
