NVDA

Nvidia's latest earnings were better than expected, but the company provided a soft outlook citing impacts from Covid-19 and Russia.

Nvidia shares are trading lower in late trading Wednesday, after the chip maker provided a softer-than-expected outlook for its July quarter. In March, Nvidia had announced the halt of all product sales in Russia. Meanwhile, the issues involving Covid-related manufacturing shutdowns in China are consistent with recent reports from other companies, including both Cisco Systems (CSCO) and Apple (AAPL). The company cited the impact of both reduced business in Russia and Covid-related manufacturing shutdowns in China.

Contents: Prepared Remarks; Questions and Answers; Call Participants. Prepared Remarks: Operator. Good afternoon. My name is David, and I'll be your conference ...

The full impact and duration of the war in Ukraine and COVID lockdowns in China is difficult to predict. And the reason for that is because there are so many different models and there are so many different use cases and so many quality of service requirements, and you want to run these inference models in a small of a footprint as you can. And additionally, on our purchase obligations, many of them are for long lead time items that are a must for us to procure to make sure that we have the products coming to market. One of my favorites is using Transformers to understand the language of chemistry or using transformers and using AI models to understand the language of proteins, amino acids, which is genomics. We do believe that they will come out of COVID and the demand for our products will come back. To apply AI to understand -- to recognize the patterns, to understand the sequence and essentially understand the language of chemistry and biology is a really, really important breakthrough. And there are several techniques now that have been created to make it possible for most companies to apply their data to extract insight and to automate a lot of the predictive things that they have to do and do it quickly. So Colette, I know you said the $500 million was a $400 million hit to Gaming and a $100 million hit to data. So I think the net of it all is that our ability to support every single workload because we have a universal accelerator, running every single workload from data processing to data analytics to high-performance computing to training to inference that we can support Arm and x86 that we support PCI Express to Multisystem NVlink to multi-chip NVLink to multi-die NVLink, that capability for us is -- makes it possible for us to really be able to serve all of these different segments. Do you envision the business continuing to be sort of card-driven attached to third-party servers, or do you think revenue shifts dramatically, or in a small way, over time, to be more sort of vertically integrated all of the chips together on NVLink? And how is the industry sort of responding to that potential move? In this upcoming cycle with H-100, there's some I/O upgrades that are happening in servers that I think are going to be a fairly strong driver for you in addition to what's going on with Hopper and the huge performance leaps that are there. As we expect some ongoing impact as we prepare for a new architectural transition later in the year, we are projecting Gaming revenue to decline sequentially in Q2. Channel inventory has nearly normalized and we expect it to remain around these levels in Q2. The extent in which cryptocurrency mining contributed to Gaming demand is difficult for us to quantify with any reasonable degree of precision.

NVIDIA Corporation (NASDAQ:NASDAQ:NVDA) Q1 2023 Earnings Conference Call May 25, 2022 05:00 PM ET Company Participants Simona Jankowski - Vice President, ...

Nvidia's (NVDA) fiscal Q1 earnings surpassed analyst expectations. Data center revenue also beat estimates.

Data center revenue of $3.8 billion eclipsed gaming revenue of $3.6 billion. Demand for remote computing power increased substantially during the pandemic as more people began working from home and businesses were forced to shift certain operations online.4 That development has helped to boost demand for Nvidia's chips used by data centers. Both data center and gaming revenue hit record levels in the quarter.1 Adjusted earnings per share (EPS) came in above analyst forecasts, rising 49.5% year over year (YOY). Nvidia's revenue also beat consensus estimates, up 46.4% compared to the year-ago quarter to a new quarterly record of $8.3 billion. The company's shares fell more than 9% in extended trading. Matthew Johnston has more than 5 years writing content for Investopedia. He is an expert on company news, market news, political news, trading news, investing, and the economy.

Record quarterly revenue of $8.29 billion, up 46% from a year agoRecord quarterly revenue for Data Center and Gaming SANTA CLARA, Calif., May 25, ...

The presentation of the company’s non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company’s financial results prepared in accordance with GAAP, and the company’s non-GAAP measures may be different from non-GAAP measures used by other companies. For NVIDIA’s investors to be better able to compare its current results with those of previous periods, the company has shown a reconciliation of GAAP to non-GAAP financial measures. NVIDIA believes the presentation of its non-GAAP financial measures enhances the user’s overall understanding of the company’s historical financial performance. Non-GAAP earnings per diluted share were $1.36, up 49% from a year ago and up 3% from the previous quarter. To supplement NVIDIA’s condensed consolidated financial statements presented in accordance with GAAP, the company uses non-GAAP measures of certain components of financial performance. 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. Data Center has become our largest platform, even as Gaming achieved a record quarter. - First-quarter Automotive revenue was $138 million, down 10% from a year ago and up 10% from the previous quarter. - First-quarter revenue was a record $3.62 billion, up 31% from a year ago and up 6% from the previous quarter. - First-quarter revenue was a record $3.75 billion, up 83% from a year ago and up 15% from the previous quarter. - First-quarter revenue was $622 million, up 67% from a year ago and down 3% from the previous quarter. NVIDIA (NASDAQ: NVDA) today reported record revenue for the first quarter ended May 1, 2022, of $8.29 billion, up 46% from a year ago and up 8% from the previous quarter, with record revenue in Data Center and Gaming.

Record quarterly revenue of $8.29 billion, up 46% from a year agoRecord quarterly revenue for Data Center and Gaming SANTA CLARA, Calif., May 25, 2022 ...

NVIDIA, the NVIDIA logo, GeForce, GeForce NOW, GeForce RTX, NVIDIA Clara, NVIDIA CUDA-X, NVIDIA DGX, NVIDIA DRIVE, NVIDIA DRIVE Orin, NVIDIA Grace, NVIDIA Hopper, NVIDIA Isaac, NVIDIA Jetson, NVIDIA Omniverse, NVIDIA OVX, NVIDIA Spectrum and NVLink are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. Other company and product names may be trademarks of the respective companies with which they are associated. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others. About NVIDIA NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The presentation of the company’s non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company’s financial results prepared in accordance with GAAP, and the company’s non-GAAP measures may be different from non-GAAP measures used by other companies. Non-GAAP earnings per diluted share were $1.36, up 49% from a year ago and up 3% from the previous quarter. For NVIDIA’s investors to be better able to compare its current results with those of previous periods, the company has shown a reconciliation of GAAP to non-GAAP financial measures. NVIDIA believes the presentation of its non-GAAP financial measures enhances the user’s overall understanding of the company’s historical financial performance. To supplement NVIDIA’s condensed consolidated financial statements presented in accordance with GAAP, the company uses non-GAAP measures of certain components of financial performance. 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. Data Center has become our largest platform, even as Gaming achieved a record quarter.

Nvidia Corp., the largest U.S. chipmaker by market value, slid in premarket trading after China's Covid-19 lockdowns and the war in Ukraine weighed on its ...

Revenue in the current quarter will be roughly $8.1 billion, the company said in a statement Wednesday. That compares with an $8.44 billion average analyst estimate, according to data compiled by Bloomberg.

According to the Nvidia Q1 report, the company recorded a revenue of $8.29B, up 46% compared to last year and 8% from the prior quarter.

Notably, the company has stated that the ongoing Russian invasion of Ukraine’s territory and the China lockdowns are major setbacks. 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,” Huang added. And the gaming segment recorded $3.62 billion in revenue, up 31% from a year ago. Data Center has become our largest platform, even as Gaming achieved a record quarter,” added he. Nvidia beat analyst estimates of $8.10 billion during the quarter that ended on May 1, 2022. According to market data provided by MarketWatch, NVDA stock is exchanging hands at around $158.17, down 6.82 percent from Wednesday’s closing price.

NVIDIA Corporation(NASDAQ:NVDA): Despite posting impressive third-quarter earnings results, semiconductor chipmaker NVIDIA's (NVDA) shares plunged nearly 5% ...

In college she majored in finance and is currently pursuing the CFA program and is a Level II candidate. In addition, the company’s higher-than-industry valuation is consistent with the Value grade. Rank in Industry And NVDA’s 10.83x forward Price/Book is 188.3% higher than the 3.76x industry average. The Street expects NVDA’s revenues and EPS to rise 29.1% and 26.4%, respectively, year-over-year to $34.74 billion and $5.61 in fiscal 2022. NVDA has a D grade for Stability and Value. Its 1.59 stock beta is in sync with its Stability grade. In addition, NVDA’s EPS is expected to rise at a 24.6% CAGR over the next five years. So, given the company’s premium valuation compared to its peers, we believe investors should wait before scooping up its shares. Also, its 11.92x forward EV/Sales is 327.7% higher than the 2.79x industry average. Among the 27 Wall Street analysts that rated NVDA, 22 rated it Buy, and five rated it Hold. The 12-month median price target of $305.08 indicates a 79.7% potential upside. The company blamed diminished revenue in Russia and COVID-19-related production shutdowns in China. Its non-GAAP operating income increased 55% from the prior-year quarter to $3.96 million.

Nvidia posted another consecutive blockbuster quarter as expected with a strong sales and earnings beat. Read more on the NVDA stock and its Q1 earnings ...

This is consistent with both the recent slump in the price performance of crypto assets, as well as the upcoming transition from proof-of-work to proof-of-stake on the Ethereum blockchain following the Merge. Continued improvements to semiconductor hardware and AI software offered by Nvidia, as well as developments to emerging technologies will remain mutually reinforcing forces, enabling scalability and cost declines to drive greater value and growth for the stock over the longer term. And again, semiconductor technology - like those offered by Nvidia - will continue to play a critical role in realizing this solution, underscoring its growth prospects alongside the continued development of blockchain technology over the coming years. And over time, with a larger transaction trail on the blockchain, the amount of computing power needed to solve the unique problems that come with each additional transaction increases, meaning higher energy consumption and higher impact on the environment. Recent developments like the Jetson AGX Orin also bode well for " NVIDIA Isaac", the company's robotics platform that provides related end-to-end solutions from "development to simulation to deployment". On the development front, Nvidia has recently introduced " Isaac NOVA Orin", which will be made available later in the year. Total revenues are expected to grow 25% to $33.7 billion by the end of fiscal 2023, with further expansion at a 13% CAGR through fiscal 2027. Nvidia reported first quarter revenues of $8.3 billion (+46% y/y; +8% q/q), beating consensus estimate of $8.09 billion (+43% y/y; +6% q/q) and its previous guidance of $8.1 billion (+43% y/y; +6% q/q). Gaming segment represented 44% of consolidated sales, with growth of 31% from the same period in the prior year (+6% q/q) to a record-setting $3.6 billion. The latest launch of " NVIDIA Jetson AGX Orin" curated for AI use-cases in autonomous machines is expected to further accelerate the implementation of robotics across production lines, driving increased operational and cost efficiencies while enabling new growth opportunities ahead for Nvidia. These include increasing demand for performance across "partners in data centers, HPC, in digital twins, and cloud-based gaming", which management alludes to as a " half-trillion market opportunity". As mentioned in the earlier section, Nvidia's GPUs have made significant contributions to improving both the performance and energy efficiencies of data center operations in recent years. The DGX system offers a family of hardware that leverages Nvidia's existing expertise in GPUs used in training, storing, and managing complex AI and HPC workloads with high, scalable performance. The newest development will address issues like climate change from its source, in addition to enabling next-generation AI technologies and high-performance computing ("HPC") deployed in solving similar complex problems.

The stock price of Nvidia (NASDAQ: NVDA) increased by over 5% during intraday trading today. This is why.

And revenue is expected to be $8.10 billion, plus or minus 2%. This includes an estimated reduction of about $500 million relating to Russia and the COVID lockdowns in China. In terms of guidance, Nvidia expects Q2 2023 revenue of $8.1 billion, compared to the consensus of $8.45 billion. Nvidia had reported a Q1 EPS of $1.36, which was $0.07 higher than analyst estimates of $1.29. And the revenue for the quarter was $8.29 billion compared to the consensus estimate of $8.12 billion.