MAAT INDEX

CLAIM #46930 · NVIDIA Corporation (NVDA) · 2025Q2 earnings call · Aug 28, 2024 · due Jan 31, 2025

We have many new products for Hopper, our existing products for Hopper that we believe will start continuing to ramp, in the next quarters, including our Q3 and those new products moving to Q4.

Colette Kress · CFO

PENDING
graded after results covering Jan 31, 2025 are reported

In context

ected Hopper demand to strengthen in the second half. Does that mean Hopper strengthens Q3 to Q4 as well on top of Blackwell adding several billion dollars? And the second question on gross margins, if I have mid-70s for the year, explaining where I want to draw that. If I have 75% for the year, I'd be something like 71% to 72% for Q4 somewhere in that range. Is that the kind of exit rate for gross margins that you're expecting? And how should we think about the drivers of gross margin evolution into next year as Blackwell ramps? And I mean, hopefully, I guess the yields and the inventory reserves and everything come up. Colette Kress: Yes. So Stacy, let's first take your question that you had about Hopper and Blackwell. So we believe our Hopper will continue to grow into the second half. We have many new products for Hopper, our existing products for Hopper that we believe will start continuing to ramp, in the next quarters, including our Q3 and those new products moving to Q4. So let's say Hopper there for versus H1 is a growth opportunity for that. Additionally, we have the Blackwell on top of that, and the Blackwell starting of -- ramping in Q4. So hope that helps you on those two pieces. Your second piece is in terms of on our gross margin. We provided gross margin for our Q3. We provided our gross margin on a non-GAAP at about 75%. We'll work with all the different transitions that we're going through, but we do believe we can do that 75% in Q3. We provided that we're still on track for the full-year also in the mid-70s or approximately the 75%. So we're going to see some slight difference possibly in Q4. Again, with our transitions and the different cost structures that we have on our new product introductions. However, I'm not in the same number that you

Verify independently

SEC filings for NVDA · Claim quote is verbatim from the 2025Q2 earnings call.