Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025.
Gonzalo Fuentes | Reuters
Nvidia stock briefly turned positive on Thursday during premarket trading after the chipmaker reported better-than-expected earnings and revenue for the fiscal second quarter.
Shares of the artificial intelligence chip giant initially slipped following the report.
Sales surged 56% in the quarter to $46.74 billion, topping Wall Street’s projected $46.06 billion, according to LSEG. The company reported adjusted earnings per share of $1.05, which was higher than the $1.01 per share estimated by analysts.
Data center revenue of $41.1 billion came up short of estimates for the second straight period, but still grew 56% over the year prior.
Nvidia said it expects revenue this quarter to be $54 billion, plus or minus 2%, though that number doesn’t include any H20 shipments to China. Analysts were expecting revenue of $53.1 billion, according to LSEG.
Benchmark analysts said in a Thursday note that the guidance was “only modest upside to an elevated Street consensus.”
Nvidia 1-day stock chart.
