Nvidia posts strong Q2 and rises to a more than 150% gain on the year

Nvidia (NASDAQ:NVDA) realizes 24% Y/Y and 9% sequential ($1.43B) revenue growth. Operating expenses increased 6% while operating income, net income and diluted EPS grew 65%, 65% and 56% on a Y/Y basis, respectively. GPU Business revenue increased 25% and Tegra Processor Business grew 30% over the year-ago period. Gaming, Professional Visualization, Datacenter and Automotive platforms revenue increased 18%, 22%, 110% and 68% Y/Y, respectively. OEM and IP revenue declined 6% Y/Y. Introduced first four constituents of Pascal-based gaming GPUs and revealed Quadro P6000 workstation GPU. Projects Q3 revenue of $1.68B (+/- 2%), gross margins of 57.8%-58% (+/- 50 basis points), operating expenses of $465M, tax rate of 21% (+/- 1%) and capital expenditures of $35M-$45M. Share repurchases of $509M in H1 2017, $124M of cash dividends. Next dividend of $0.115 per share payable on…


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