- The company's stock was up more than 190 percent on the year ahead of the earnings report.
- It raised the dividend 7 percent to 15 cents a share and intends to return $1.25 billion to shareholders during the next fiscal year.
- Datacenter revenue, which includes sales of GPUs to public cloud providers like Amazon Web Services, beat analyst estimates.
reported earnings Thursday that beat Wall Street expectations.
Here's how the company did:
- EPS: $1.33 vs. 94 cents expected according to Thomson Reuters
- Revenue: $2.64 billion vs. $2.36 billion expected according to Thomson Reuters
Shares initially fell as much as 2 percent in after-hours trading Thursday but later ticked up more than a percent.
Revenue came in 32 percent higher than the year-ago quarter, and earnings jumped 41 percent year over year, according to the company release.
The company raised its dividend 7 percent to 15 cents a share and intends to return $1.25 billion to shareholders during the next fiscal year.
The company reported $501 million in datacenter revenue, which includes sales of GPUs to cloud providers like Amazon Web Services, beating analyst estimates of $461 million and marking a 20 percent increase from last quarter.
"We've been steadfast with the excitement of accelerated computing for datacenters and I think this is just the beginning of it all," CEO Jensen Huang said on its earnings call.
Analysts forecast double-digit growth in revenue and earnings year over year for the third quarter, representing a slowing in the chipmaker's record-setting run.
The company staked a claim in the competitive chip market with impressive graphics and gaming capabilities, but has recently broadened its reach with hardware specifically designed for autonomous driving and mining cryptocurrency.
Shares were up more than 190 percent on the year ahead of the earnings report, making it the best performing stock in the S&P 500 for much of the year.
The company issued fourth-quarter revenue guidance of $2.65 billion, above analyst estimates of $2.44 billion, according to Thomson Reuters.