NVIDIA Corporation (NVDA) released its second quarter results on Sunday, August 22, 2021. The company reported net earnings of $0.94 per share for the second quarter ending July 31, 2021. Earnings for this past quarter were up 278 percent compared to the same period a year ago.
NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California. NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking.
NVIDIA's revenue increased 68 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 70.49% for the second quarter compared to the same period in the previous year, and operating margins increased to 39.99% over the same period. Net earnings for past trailing twelve months were $7079.0 million, up 109% from the prior year.
Moving on to the balance sheet, NVIDIA's cash levels dropped 94% for the second quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 4.76% this past year. The current ratio for NVIDIA now stands at 5.8. The company increased shares outstanding by 1.3%.
Shares of NVDA are currently trading around $208.16. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 74.24 and price to book ratio of 24.92.