The company said it will pay the next quarterly cash dividend of $0.16 per share on September 20, 2019, to all shareholders of record on August 29, 2019. Adjusted operating expense is forecast to be approximately $765 million. Adjusted gross margin is expected to be 62.5%, plus or minus 50 basis points. Looking ahead to the third quarter, the management expects revenues of $2.90 billion, plus or minus 2%.
Adoption has reached a tipping point, with NVIDIA RTX leading the way.”Īlso see: NVIDIA stock surges on Q1 earnings beat Real-time ray tracing is the most important graphics innovation in a decade. Jensen Huang, CEO of Nvidia, said, “We achieved sequential growth across our platforms. The weakness in the top-line reflects the ongoing slump in the GPU and data-center businesses. Dragging down the bottom-line, revenues dropped 17% year-over-year to $2.58 billion during the quarter, which however exceeded the market’s projection.
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