NVIDIA (NASDAQ:NVDA) once again exceeded market expectations and raised guidance for the current quarter. While Data Center growth has slowed slightly, it continues to grow at an impressive rate, up 93% year-over-year. This growth is largely driven by the new Blackwell solutions, which generated $11 billion in the quarter and is still in the ramp-up phase. The Automotive & Robotics segment also saw impressive growth, up 103% year-over-year, and continues to secure new deals.
The primary negatives were the contraction in gross margins, which fell to the low 70s, and weaker-than-expected Gaming revenue despite the launch of new products. The softness in Gaming is concerning, as it has been NVIDIA’s core business and the only other segment generating over $1 billion in revenue per quarter. For more details, key highlights, and commentary, check out the high-level earnings summary.
