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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 26B | 17.8% |
| Gross Profit | 20.4B | 21.5% |
| Cost of Revenue | 5.64B | 6.1% |
| Operating expense | 3.5B | 10.1% |
| Net Income | 14.9B | 21.1% |
| EBITDA | 17.5B | 22.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 77.1B | 17.3% |
| Total Liabilities | 27.9B | 22.8% |
| Total Equity | 49.1B | 14.3% |
| Shares Outstanding | 2.46B | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 15.3B | 33.4% |
| Cash from investing | -5.69B | 6.8% |
| Cash from financing | -9.35B | 157.5% |
EPS
Financial Highlights for NVIDIA in Q2 '24
NVIDIA reported a revenue of 26B, which is a 17.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 20.4B, marking a 21.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 5.64B, a 6.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 3.5B, showing a 10.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 14.9B, showing a 21.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 17.5B, showing a 22.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for NVIDIA with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.