For fiscal 2022, revenue was a record $26.91 billion, up 61 percent from $16.68 billion a year ago. GAAP earnings per diluted share were a record $3.85, up 123 percent from $1.73 a year ago. Non-GAAP earnings per diluted share were $4.44, up 78 percent from $2.50 a year ago. GAAP earnings per diluted share for the quarter were a record $1.18, up 103 percent from a year ago and up 22 percent from the previous quarter. Non-GAAP earnings per diluted share were $1.32, up 69 percent from a year ago and up 13 percent from the previous quarter.
That marked at least the eighth consecutive quarter that the company has topped analysts’ earnings projection. NVIDIA Corporation released its most recent earnings reports in August 2023, May 2023, November 2022, August 2022 respectively. Generally, most companies have a consistent schedule for their earnings releases. However, companies do not necessarily release their earnings reports at the same time each year. The timing of earnings releases can vary depending on a company’s fiscal year, industry norms, and internal reporting practices. “Mellanox, one year in, has exceeded our expectations and transformed NVIDIA into a data-center-scale computing company.
The last reported earnings were for reported on August 23, 2023 for Q2. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
The fair value of the privately held equities are the company’s estimates. This date shows investors what a big head start Nvidia has on competitors and potential competitors, such as AMD and Intel, that are eager to take away some of its AI tech market share. Actually, it’s head start is even longer, with 2006 probably being a better marker. That’s the year Nvidia developed CUDA and without CUDA, Nvidia’s GPUs would not possess the parallel processing capabilities needed to accelerate general computing or AI training and inferencing. On May 21, 2021, the company’s board of directors declared a four-for-one split of NVIDIA’s common stock payable in the form of a stock dividend, with the additional shares expected to be distributed on July 19, 2021. “We are seeing exceptional demand for NVIDIA computing platforms,” said Jensen Huang, founder and CEO of NVIDIA.
It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Keep in mind that a stock tends to be extra sensitive to market news if it rallies by more than 10% after the previous earnings call. Also worth noting is that a 10% decline after the previous earnings call is a strong indicator that the stock has a lot of bearish potential.
Gaming revenue was $2.04 billion, down 44% sequentially and down 33% from the prior year. Data Center revenue was $3.81 billion, up 1% sequentially and up 61% from the prior year. On May 23, 2022, the board of directors https://bigbostrade.com/ increased and extended the company’s share repurchase program to repurchase additional common stock up to a total of $15 billion through December 2023. NVIDIA (NVDA) is scheduled to report earnings on November 21, 2023.
For all the talk of the “AI gold rush” ending, few signs suggest that this is happening. Given the enormous opportunity in the new tech frontier, the giants of Silicon Valley continue to pump billions into AI. A recent article in Barron’s discussed potential challenges ahead, for Nvidia’s AI-related growth. Previously, Nvidia skeptics leaned heavily on Nvidia’s premium valuation, to argue their case that the stock was in the midst of a bubble, and set to collapse when said bubble burst. On September 12 at 7 pm ET, Luke Lango will reveal a major AI breakthrough called Prometheus.
The Latest Bearish Case Against NVDA Stock
We will announce many new products, applications and partners for NVIDIA computing,” he said. Data Center revenue, though a record, was somewhat short of the company’s expectations, as it was impacted by supply chain disruptions. NVIDIA will pay its next quarterly cash dividend of $0.04 per share on July 1, 2022, to all shareholders of record on June 9, 2022. NVIDIA will pay its next quarterly cash dividend of $0.04 per share on September 28, 2023, to all shareholders of record on September 7, 2023.
- Actually, it’s head start is even longer, with 2006 probably being a better marker.
- There’s usually valuable information that’s shared on a company’s quarterly earnings calls and even more useful data contained in its annual reports.
- “We delivered record results in Data Center and Gaming against the backdrop of a challenging macro environment,” said Jensen Huang, founder and CEO of NVIDIA.
- As of the end of the second quarter, the company had $3.95 billion remaining under its share repurchase authorization.
As NVIDIA completes its quarter-end financial close process and finalizes its financial statements for the quarter, it will be required to make significant judgments in a number of areas. It is possible that NVIDIA may identify items that require it to make adjustments to the preliminary financial information set forth above and those changes could be material. NVIDIA does not intend to update such financial information prior to release of its final second quarter financial statement information, which is currently scheduled for Aug. 24, 2022.
Samuel O’Brient has been covering financial markets and analyzing economic policy for three-plus years. His areas of expertise involve forex scalping signals electric vehicle (EV) stocks, green energy and NFTs. O’Brient loves helping everyone understand the complexities of economics.
As of the end of the second quarter, the company had $3.95 billion remaining under its share repurchase authorization. On August 21, 2023, the Board of Directors approved an additional $25.00 billion in share repurchases, without expiration. Looking more specifically, Nvidia belongs to the Semiconductor – General industry, which includes 8 individual stocks and currently sits at #81 in the Zacks Industry Rank. On average, this group has gained an average of 127.5% so far this year, meaning that NVDA is performing better in terms of year-to-date returns.
NVIDIA Corporation (NVDA) Earnings Date, History & Report
The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Providing investment advice to tens of thousands of investors for more than three decades, he has earned a reputation as a savvy stock picker and unrivaled portfolio manager. The bears are free to make their case against NVDA stock, but the same can still be said about the bull case. Again, even as the stock trades at a rich multiple (45.6 times forward earnings), this valuation is more-than-reasonable, when compared to future growth forecasts. These will probably enable the company to continue wowing the market with strong results, enabling shares to soar to even higher prices. None of the case studies, examples, testimonials, or investment return or income claims on this site or through this service is a guarantee of any income or investment results for you.
NVIDIA’s earnings are expected to grow from $9.24 per share to $14.03 per share in the next year, which is a 51.84% increase. Enter your email address below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. Camtek, however, belongs to the Electronics – Measuring Instruments industry. If you’ve yet to enter a NVDA stock position, consider now a fine time to do so.
The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
Let’s take a closer look at the stock’s year-to-date performance to find out. However, with booming demand for AI chips pointing to continued high earnings growth in the coming years, this valuation-based argument against NVDA stock no longer passes muster. The goal for individual traders and hedge fund managers it to ensure that they continue making profits while avoiding potential losses.
Trading in securities involves risks, including the risk of losing some or all of your investment. SE is not a financial adviser and does not provide any individualized investment advice. You should perform your own independent research on potential investments and consult with your financial adviser to determine whether an investment is appropriate given your financial needs, objectives, and risk appetite. Readers are advised that this publication is issued solely for informational purposes and should not be construed as an offer to sell or the solicitation of an offer to buy any security. The above represents a good strategy which allows traders to benefit from highly volatile price movements during an NVDA earnings call.
Investors and others should note that we announce material financial information to our investors using our investor relations website, press releases, SEC filings and public conference calls and webcasts. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these accounts and the blog, in addition to following our press releases, SEC filings and public conference calls and webcasts. During the second quarter of fiscal 2024, NVIDIA returned $3.38 billion to shareholders in the form of 7.5 million shares repurchased for $3.28 billion, and cash dividends.
On February 8, 2022, NVIDIA and SoftBank Group Corp. (SoftBank) announced the termination of the Share Purchase Agreement whereby NVIDIA would have acquired Arm Limited from SoftBank. The parties agreed to terminate because of significant regulatory challenges preventing the consummation of the transaction. NVIDIA intends to record in operating expenses a $1.36 billion charge (the Arm Write-off) in the first quarter of fiscal 2023 reflecting the write-off of the prepayment provided at signing in September 2020.
- “As we expect the macroeconomic conditions affecting sell-through to continue, we took actions with our Gaming partners to adjust channel prices and inventory.
- During the second quarter of fiscal 2024, NVIDIA returned $3.38 billion to shareholders in the form of 7.5 million shares repurchased for $3.28 billion, and cash dividends.
- Non-GAAP earnings per diluted share were $4.44, up 78 percent from $2.50 a year ago.
For instance, demand and margins for Nvidia’s AI chips could come down, as high competition reduces the price of subscription-based generative AI applications, and as end-users exit the market/purchase fewer chips. The chipmaker blew away analyst expectations in May when it issued second-quarter revenue guidance of $11 billion, which exceeded Wall Street estimates by a massive $4 billion. Chipmaker Intel’s 2022 annual report has 87 mentions of “AI” or “artificial intelligence” and not a single mention of “generative AI.”
Data Center has become our largest platform, even as Gaming achieved a record quarter. “We are gearing up for the largest wave of new products in our history with new GPU, CPU, DPU and robotics processors ramping in the second half. Our new chips and systems will greatly advance AI, graphics, Omniverse, self-driving cars and robotics, as well as the many industries these technologies impact,” he said. These quarterly earnings reports give investors a glimpse into financial results from a company for a 3 month period. And had they decided at that time to buy Nvidia stock for the first time or add to their existing holdings, they would have made themselves a tidy sum of money, as Nvidia stock has more than tripled in 2023. Late last month, Nvidia (NVDA -0.68%) turned in a report for its second quarter of fiscal 2024 (which ended July 30) that was amazing.
NVIDIA Announces Financial Results for First Quarter Fiscal 2023
As we navigate these challenges, we remain focused on the once-in-a-generation opportunity to reinvent computing for the era of AI,” he said. Nvidia’s annual report mentions “AI” or “artificial intelligence” 1,187 times! Generative AI is the technology behind ChatGPT, the hugely popular chatbot that launched late last year. “Our Data Center business continues to expand, as the world’s industries take up NVIDIA AI to process computer vision, conversational AI, natural language understanding and recommender systems. NVIDIA RTX has reinvented computer graphics and is driving upgrades across the gaming and design markets. Our partners are launching the largest-ever wave of NVIDIA-powered laptops.
NVIDIA Corporation reported earnings of $ 2.70 per NVDA share on Aug 23, 2023. Meanwhile, the company posted an EPS of $ 1.895 last year, which is a 132.04% higher compared to the same period last year. The shortfall relative to the May revenue outlook of $8.10 billion was primarily attributable to lower sell-in of Gaming products reflecting a reduction in channel partner sales likely due to macroeconomic headwinds. In addition to reducing sell-in, the company implemented pricing programs with channel partners to reflect challenging market conditions that are expected to persist into the third quarter. The detailed multi-page Analyst report does an even deeper dive on the company’s vital statistics.
Explore NVDA earnings date, NVIDIA Corporation stock earnings history, and earnings-related price changes
Investors can expect this topic to be discussed on the upcoming second-quarter earnings call. NVIDIA believes the presentation of its non-GAAP financial measures enhances the user’s overall understanding of the company’s financial performance. The webcast will be recorded and available for replay until the company’s conference call to discuss financial results for its third quarter of fiscal year 2023. “Our gaming product sell-through projections declined significantly as the quarter progressed,” said Jensen Huang, founder and CEO of NVIDIA. “As we expect the macroeconomic conditions affecting sell-through to continue, we took actions with our Gaming partners to adjust channel prices and inventory. “NVIDIA has excellent products and position driving large and growing markets.