Nvidia earnings put AI demand, memory costs and cash flow in focus

Analysts expect $2.10 in fiscal second-quarter earnings per share and $92.17 billion in revenue as Nvidia prepares to report after the bell.

Nvidia is preparing to report fiscal second-quarter results as investors assess continued AI demand, rising memory costs and the financial strain facing its largest customers, CNBC reported.

Analysts compiled by LSEG expect Nvidia to post earnings of $2.10 per share on revenue of $92.17 billion. Revenue is projected to nearly double from $46.7 billion a year earlier.

Nvidia remains central to the AI market because its chips power the development and operation of advanced models. The company is also providing financial support for new AI data centers through backstops and other arrangements.

Investors are watching competition from Advanced Micro Devices, Google and other chipmakers, as well as the impact of a global memory shortage. Nvidia’s Vera Rubin systems have begun shipping to customers including Microsoft and OpenAI.

The company’s customers are also spending heavily on AI infrastructure. Amazon and Alphabet reported negative free cash flow in the second quarter, while Meta’s cash generation declined by about 90%.

Nvidia’s conference call with investors was scheduled for 5 p.m. ET, with CEO Jensen Huang due to discuss the results and the company’s outlook.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.