For June quarter, the gross margins were 45.9% compared to 67.1% in last quarter and 66.7% in the year-ago period. The margins have been severely impacted and have come down significantly in this quarter. Operating income for Q2 was $1.3 billion, down 57% year on year and down 66% on-quarter. The operating expense stood at $2.4 billion, up 38% year on year and 9% on-quarter. The reason cited for lower earnings was company action in navigating its supply chain transitions in challenging macro environments. The Earning Per Share (EPS) for the quarter came at 26 cents on net income of $656 million, down 72% from a year-ago period and 59% lower than the previous quarter. The revenue from the Data Center segment was $3.81 billion, up 61% from the year-ago period. The revenue is in line with analysts' expectations. The revenue for the second quarter ended July stood at $6.70 billion, up 3% from the same period last fiscal but declined sharply by 19% compared to the previous quarter. Let us look at Nvidia's quarterly numbers in detail: Nvidia Q2 2022 Revenue Operating income: $1.3 billion, down on-year and on-quarter.Revenue: $6.7 billion, up 3% year on year.
Like other technology stocks, Nvidia's share price has plunged more than 42% since Jan 2022.
Nvidia, a multinational technology company, reported its Q2 numbers below analysts' expectations.
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