
NVIDIA 2Q F2018 earnings were released after closing bell tonight, and the chip maker reported GAAP earnings of 92 cents per share on $2.23 billion in sales. Consensus had been looking for GAAP earnings of 70 cents per share on $1.96 billion in revenue. NVIDIA’s outlook was for sales of $1.91 billion to $1.99 billion in sales.
In the second quarter of its fiscal 2017, the chip maker reported $1.43 billion in revenue, GAAP earnings of 41 cents per share, and non-GAAP earnings of 53 cents per share.
NVIDIA 2Q F2018 earnings
On a non-GAAP basis, NVIDIA 2Q F2018 earnings rose to $1.01 per share from 53 cents per share a year ago. The chip maker’s non-GAAP gross margin expanded 50 basis points year over year to 58.6% from 58.1% last year, while its GAAP gross margin also expanded 50 basis points, rising to 58.4% from57.9% last year. NVIDIA management cites automotive, gaming as strengths.
Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More