NVIDIA Q2 FY 2020 Earnings Report: Continuing Crypto Disruption
Today NVIDIA announced their earnings for the second quarter of their 2020 fiscal year, which ended on July 28. NVIDIA made tremendous gains during the cryptocurrency boom, and as we saw in Q1, the company has had to deal with the loss of the crypto sales which contributed a lot of revenue to their bottom line in the last year or two. Revenue for Q2 2020 came in at $2.579 billion, which is down 17% from a year ago, and while gross margin was also down 350 bps, it was still a healthy 59.8%. Operating income for the quarter was down 51% to $571 million, and net income was down 50% to $552 million. This resulted in earnings-per-share coming in at $0.90, down 49% from a year ago.
|NVIDIA Q2 2020 Financial Results (GAAP)|
NVIDIA Q2 FY 2020 Earnings Report: Continuing Crypto Disruption6 months ago - 5:25 PM EST - Thu, Aug 15, 2019
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