Visual computing giant NVIDIA Corporation (NASDAQ:NVDA) late Thursday posted blowout Q3 earnings, lifted its outlook, and boosted its dividend and buyback.
The Santa Clara-based company reported Q3 EPS of $0.94, a full 26 cents better than Wall Street’s $0.68 estimate. Revenue surged 53.6% from last year to $2 billion, also easily topping analysts’ view of just $1.69 billion.
NVIDIA said its gross margin in Q3 was 59.2%, which was well above its own 57.5-58.5% guidance.