Instant Reaction: Nvidia Delivers Solid Earnings
Bloomberg Technology
Bloomberg
4.5 • 49 Ratings
🗓️ 26 February 2025
⏱️ 39 minutes
🧾️ Download transcript
Summary
Nvidia, the chipmaker at the center of an AI spending boom, gave solid quarterly results and a bullish revenue forecast for the current period, even if the numbers didn’t reach the blowout level that some investors were banking on.
The outlook comes at a shaky time for the AI industry. Nvidia shares have dipped this year on concerns that data center operators will slow spending. Chinese startup DeepSeek also sparked fears that chatbots can be developed on the cheap, potentially reducing the need for Nvidia’s powerful chips for AI.
For instant reaction, Bloomberg Businessweek hosts Carol Massar and Tim Stenovec speak with analysts and experts from across the Bloomberg newsroom, including:
- Bloomberg News earnings reporter Redd Brown
- Bloomberg Technology co-host Caroline Hyde
- Bloomberg Intelligence senior tech industry analyst Mandeep Singh
- Bloomberg News senior editor for technology and strategic industries Michael Shepard
See omnystudio.com/listener for privacy information.
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| 0:22.7 | Fourth quarter revenue has beat estimates. |
| 0:25.0 | Fourth quarter data center revenue coming in at $35.6 billion, $34.09 billion. |
| 0:31.3 | Fourth quarter revenue, that top line, $39.3 billion, exceeding estimates of $38.25 billion. |
| 0:38.7 | Now coming to that revenue estimate for the first quarter, |
| 0:42.6 | NVIDIA C's first quarter revenue plus or minus 2%. |
| 0:46.3 | The estimate was for $42.26 billion. |
| 0:50.6 | Fourth quarter data center revenue coming in at 35.6 percent the company saying that it |
| 0:56.0 | ramped up massive scale production of blackwell AI in the after hour shares higher right now by about |
| 1:00.9 | 3.4 percent yeah actually uh invidia saying demand for blackwell is amazing so that's what we talked |
| 1:07.0 | about in terms of that transition um but again the the key metrics, as Tim said, stock is up |
| 1:12.1 | almost 4% here in the aftermarket. The first quarter revenue. So looking ahead, outlook, |
| 1:17.8 | $43 billion plus or minus 2%. The estimate was for $42.3 billion. And again, fourth quarter data |
| 1:25.2 | center. So looking at the quarter that they just |
| 1:27.8 | wrapped up, data center revenue, that's the bulk of their business. That's those hyperscalers and more. |
| 1:32.7 | 35.6 billion. That is a beat. 34.09 billion was what the street was expecting. First quarter |
| 1:39.6 | adjusted gross margin. Again, looking forward, 70.5% to 71.5%. Street was looking for a little bit more. |
| 1:47.3 | This is a measure of profitability. And the estimate on the street was 72.1%. Again, the stock now |
| 1:52.6 | not up as much. In fact, it's down just a hair. Yeah, shares climbed as much as 4% after this |
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