Nvidia earnings live updates: Wall Street watching consumer demand for Blackwell chips
Nvidia will report third-quarter earnings on Wednesday after the closing bell.
Top of mind for investors will be customer demand for Nvidia’s Blackwell GPU chip. While the chipmaking giant has said production of the chip won’t be fully ramped until early 2025, Wall Street is looking for clues about how many orders it has received for the product.
Nvidia’s stock was up 197% year-to-date through Wednesday’s close, handily outpacing the the S&P 500’s 24% gain.
Nvidia’s consensus third-quarter revenue estimate is $33.25 billion.
3rd quarter
- Revenue estimate: $33.25 billion
- Data center revenue estimate: $29.14 billion
- Gaming revenue estimate: $3.06 billion
- Professional Visualization revenue estimate: $477.7 million
- Automotive revenue estimate: $364.4 million
- Adjusted gross margin estimate: 75%
- R&D expenses estimate: $3.34 billion
- Adjusted operating expenses estimate: $2.99 billion
- Adjusted operating income estimate: $21.9 billion
- Adjusted EPS estimate: 74c
4th quarter
- Revenue estimate: $37.1 billion
- Adjusted gross margin estimate: 73.5%
- Adjusted operating expenses estimate: $3.21 billion
