Nvidia CEO Jensen Huang remains optimistic about the revenue outlook for its upcoming Blackwell chips despite product launch hiccups.
The tech company officially posted another successful quarter with Wednesday’s earnings report, which beat estimates on revenue, earnings per share and third-quarter guidance.
Despite Nvidia’s win, Wednesday’s earnings report and subsequent call left some analysts wanting more, particularly regarding the company’s Blackwell chip design, which has run into production issues in recent months.
The company acknowledged this week that the Blackwell issues required rework and were partly responsible for Nvidia’s decline in gross margins.
Immediately after the initial call, Citi estimated Nvidia’s revenue would fall short of the $2 billion estimates it has achieved in the past four quarters due to potential Blackwell delays, Business Insider previously reported.
But in a post-earnings interview with Bloomberg TV, Huang defended Blackwell’s launch, saying the company made “mass changes to improve results” and insisting the platform’s functionality was “excellent.”
“We are taking Blackwell samples all over the world today,” Huang told the outlet. “I am giving people a tour of the Blackwell system that we have operating.”
The CEO reiterated that Nvidia has started mass production on Blackwell and said it will begin shipping in the company’s fiscal fourth quarter, which would generate “billions of dollars” in Blackwell revenue and further growth from there.
Interest in next-generation chips remains high, but Blackwell’s capacity ramp-up is still weeks or months away.
As a result, Huang said on the earnings call that demand for Hopper, the company’s current graphics processing unit, remains “very strong.”
However, Huang told Bloomberg that spending on AI is still increasing.
“We’re going to have a great year next year, too,” he said.