Group 1: Financial Performance - NVIDIA's Q3 revenue reached $35.1 billion, a year-on-year increase of 93.6% and a quarter-on-quarter increase of 16.8%[1] - Non-GAAP gross margin for Q3 was 75.0%, a slight decrease of 0.6 percentage points from the previous quarter, aligning with company guidance and Bloomberg consensus[1] - Non-GAAP earnings per share for Q3 were $0.81, up 101.0% year-on-year and 18.4% quarter-on-quarter, exceeding Bloomberg consensus by 8.9%[1] Group 2: Business Segments - Data center revenue hit a record high of $30.8 billion, accounting for 88% of total sales, with a year-on-year growth of 112.0% and a quarter-on-quarter growth of 17.1%[2] - 90% of data center revenue, approximately $27.6 billion, came from computing, which saw a quarter-on-quarter increase of 22.3%[2] - Gaming, professional visualization, and automotive segments experienced quarter-on-quarter revenue growth of 13.9%, 7.0%, and 29.8%, respectively[2] Group 3: Demand Outlook - Strong demand for the Hopper series, with H200 sales reaching several billion dollars in Q3, is expected to continue into the second half of the year and next year[3] - NVIDIA delivered 13,000 GPU samples in Q3, with Q4 deliveries expected to exceed previous forecasts[3] - Approximately 50% of Q3 data center revenue was contributed by cloud vendors, totaling around $15 billion, with major players like Alphabet, Microsoft, and Amazon accounting for about 30% of their capital expenditures directed towards NVIDIA[3] Group 4: Margin Expectations - Initial gross margins for the Blackwell series are projected to be between 71.0% and 72.5%, with expectations of improvement to around 70% as production stabilizes and scales up[4]
招财日报2024.11.22 半导体行业/派拓网络、百度、贝壳、拼多多点评
Zhao Yin Guo Ji·2024-11-22 08:03