NVDA Earnings Report Insights

The NVDA Earnings Report is set for August 28, 2024. We will guide you through the key facts and figures. Stay tuned for insights.

Key Takeaways

• NVDA had strong sales and profits in recent earnings. Revenue reached $26,044 million, a big increase from before.
• The company introduced new products like NVIDIA RTX™ 500 and expects more growth with future revenue projected at about $28 billion for the next quarter.
• After their earnings were released, NVDA’s stock price went up. Experts think NVDA will keep growing because of its good results and new tech like AI.

Overview of NVDA’s Latest Quarterly Results

NVDA’s recent report shows strong sales and profit. They did better than last time, showing growth.

Revenue and profit figures

Analyzing the recent financial outcomes for NVDA shows significant growth. Here’s a closer look at the numbers:

Revenue leaped to $26,044 million, up from $7,192 million year-over-year (YoY). Costs also rose, reaching $5,638 million compared to $2,544 million. This increase in costs didn’t hinder profit growth. Gross profit soared to $20,406 million, a significant jump from $4,648 million previously. Net income experienced a remarkable rise, hitting $14,881 million, up from $2,043 million YoY. Operating income showed a robust growth to $16,909 million, marking a 24% rise from the previous quarter and a 690% increase YoY.

These figures reveal a company in strong financial health, with substantial growth in both revenue and profits. The data is clear: NVDA’s recent financial period marks a significant milestone in its financial journey.

Comparison with previous quarters

Let’s compare NVDA’s recent figures with past performance. We’ll look at key metrics from the latest earnings and see how they stack up against previous quarters.

This table shows a strong growth across all main metrics. Gross margins have increased significantly, both on a GAAP and Non-GAAP basis. Operating expenses rose due to expansion and investment in new areas. Most notably, net income per share saw a substantial rise, indicating robust profitability. This comparison illustrates NVDA’s upward trajectory in financial health and market position.

Key Highlights from the Earnings Call

During the earnings call, NVDA announced new products that show its strength in chips and artificial brain tech. They also shared views on future money growth, making investors listen closely.

New product announcements

NVIDIA has launched some exciting products recently. They introduced the NVIDIA RTX™ 500 and 1000 professional Ada generation laptop graphics cards. Also, they showed off new desktop workstation graphics cards based on the NVIDIA Ampere architecture.

The company unveiled NVIDIA Omniverse™ Cloud APIs too. For humanoid robots, they brought out Project GR00T foundation model. At GDC, they revealed new AI gaming technologies for NVIDIA ACE and Neural Graphics.

Lastly, they improved how well NVIDIA GeForce RTX AI PCs run.

These launches show our push into advanced computer graphics and artificial intelligence.

Future outlook and guidance

NVDA expects its revenue for Q2 FY25 to hit around $28.0 billion, give or take 2%. This number shows NVDA’s strong future in the tech world. The company also predicts a GAAP gross margin of 74.8% and a Non-GAAP gross margin of 75.5%, with a possible change of plus or minus 50 basis points.

These margins highlight NVDA’s ability to keep costs under control while making good money.

For the same period, NVDA plans on GAAP operating expenses near $4.0 billion and Non-GAAP expenses close to $2.8 billion. They also see about $300 million in net income from other sources and expect their tax rates to be around 17%, with a chance of changing by plus or minus 1%.

These figures suggest NVDA is managing its budget well and preparing for stable growth ahead, even as it invests heavily in new areas like AI and gaming technology.

Analysis of NVDA’s Stock Performance Post-Earnings

After the earnings report, NVDA’s stock saw changes. Investors and experts looked at numbers and trends to guess the future.

Market reaction

The stock price of Nvidia (NVDA) on Nasdaq: NVDA saw a jump right after the earnings report came out. Investors liked what they saw. The strong numbers, including a big leap in earnings per share (EPS) and free cash flow, pushed the stock up.

Before this report, some people weren’t sure how Nvidia would do.

Analysts also gave their thumbs up. They looked at Nvidia’s growth, especially in areas like generative AI and GPU markets. Many changed their forecasts to show more confidence in Nvidia’s future sales and profits.

Nvidia’s impressive quarter has clearly won over investors and analysts alike.

Now let’s look at what experts think will happen with Nvidia next.

Analysts’ opinions

After reviewing NVDA’s stock reactions, investors turn their focus to analysts’ views. These opinions shape future investment decisions. Here’s what experts say about NVDA:

1. Most agree NVDA’s earnings beat expectations for the fourth time in a row, signaling strong business health.
2. They note the EPS forecast for next quarter stands at $0.59, showing confidence in continued growth.
3. Experts highlight NVDA’s “high” Earnings Quality Ranking (EQR) for 26 weeks as a sign of reliability.
4. Many see the latest product announcements boosting NVIDIA’s market position against competitors.
5. Some predict the guidance offered will push the stock higher as NVDA enters new markets with products like NVIDIA Spectrum and NVIDIA Drive.
6. A few caution about market volatility but still view NVDA favorably due to its innovation and solid financials.
7. Analysts mention NVIDIA’s clear forward-looking statements in press releases, suggesting good governance and transparency to investors.
8. Lastly, they consider the valuation fair, given strong past performance and future projections.

Experts use these facts to suggest that NVDA remains a promising choice for investors looking for growth stocks in technology sectors.

Conclusion and Future Projections

NVDA’s earnings show strong growth. The company expects more sales, around $28 billion next quarter. They made big money in gaming and data centers. Their stock split makes shares easier to buy.

Investors see NVDA as a good choice for the future.

FAQs

1. What is the NVDA earnings report?

The NVDA earnings report is a document released by Nvidia Corporation, detailing its financial performance. It includes critical information like EPS (earnings per share), cash dividends, and other data found in SEC filings such as Form 10-K.

2. When can we expect the next earnings date for NVDA?

The exact dates are mentioned on the company’s earnings calendar and also filed with The Securities and Exchange Commission under Regulation FD.

3. How does the NVDA earning report affect stock pricing?

A bearish or bullish trend may emerge based on the insights from an earnings report. Investors use tools like stock screeners to analyze this impact.

4. Can I find information about NVDA’s workstations in their earnings reports?

Yes, you will often find details about different business segments, including workstations, within their reports – offering insight into how each area contributes to overall company performance.

5. Where else can I get updates on Nvidia Corporation’s financials apart from SEC filings?

Apart from official documents filed with The Securities and Exchange Commission, updated information might be available on platforms such as Facebook pages dedicated to discussing companies like Nvidia Corporation.