Nvidia Once Again Beat Earnings, but the Stock is Relatively Calm

What we’re showing

This graphic highlights key takeaways from Nvidia’s most recent Q3 2024 earnings report.

Overall earnings beat

Revenue and EPS beat analyst expectations, once again thanks to its rapidly growing data center business.

The company’s next-gen AI chip, Blackwell, is already sold out for the foreseeable future as top customers (e.g. Microsoft) eagerly await their deliveries.

“Every customer is racing to be the first to market. Blackwell is now in the hands of all of our major partners, and they are working to bring up their data centers”

Growth is slowing

Despite posting better than expected results, Nvidia shares slipped in after hours trading due to slowing revenue growth. 

Over the past four quarters, revenue has grown at +265%, +262%, +122%, and now +94%.