Nvidia NVDA Earnings Date

nvda stock earnings date

But until then, investors shouldn’t assume there is any reason to bet against the year’s breakout stock. Last week, Colette Kress, Nvidia’s executive vice president and CFO, spoke at Citi’s 2023 Global Technology Conference. She praised Coreweave’s speed of adoption, noting that Nvidia has a “very small, minority passive investment” in the company. Kress added, though, that Coreweave has worked with many other big tech firms. “They did have some allocation, but again, it’s very small,” she stated. Another stock in the Computer and Technology sector, Camtek (CAMT Quick QuoteCAMT – Free Report) , has outperformed the sector so far this year.

nvda stock earnings date

It would be less than ideal to have NVDA in your portfolio and then the morning after the company’s call, a bearish NVDA performance wipes out a significant chunk of your portfolio value. Performance predictions allow traders to execute a hedging strategy to protect their portfolio from unfavorable earnings which could lead to a major price drop. The fact that Nvidia has sizable investments in various primarily privately held tech companies — vela martillo some of them likely to eventually go public — increases the attractiveness of investing in its stock. When investors buy Nvidia stock, they’re also getting a stake in a mini tech mutual fund of sorts. Nvidia ended fiscal 2023 with $299 million in investments in non-affiliated entities. Of this total, $288 million and $11 million, respectively, were the values of its investments in privately held equity securities and publicly held stocks.

The tech giant’s phenomenal revenue and earnings growth was driven by powerful demand for its offerings that enable artificial intelligence (AI) capabilities, particularly generative AI. Investors will probably be approaching the technology giant’s report with cautious optimism. On the positive side, last quarter, investors drove the stock up 5.2% after the company beat Wall Street’s consensus estimates for both revenue and earnings.

NVIDIA (NVDA) Earnings Dates & Reports

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For context, last quarter, Nvidia’s revenue jumped 46% year over year (and 8% sequentially) to a record $8.29 billion. Growth was driven by record revenue in the gaming and data center platforms. EPS on the basis of generally accepted accounting principles (GAAP) declined 16% year over year to $0.64, which includes an after-tax charge of $0.52 related to the termination of the Arm acquisition deal.

  • NVIDIA paid quarterly cash dividends of $99 million in the first quarter.
  • NVIDIA today reported record revenue for the fourth quarter ended January 30, 2022, of $7.64 billion, up 53 percent from a year ago and up 8 percent from the previous quarter.
  • For fiscal 2022, revenue was a record $26.91 billion, up 61 percent from $16.68 billion a year ago.
  • Camtek, however, belongs to the Electronics – Measuring Instruments industry.

“NVIDIA is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics – some of today’s most impactful fields. NVDA’s next earnings release is expected to come out on Nov 21, 2023. Analysts expect NVDA to achieve an EPS of $ 2.32 during the next earnings period, which would be a decrease of -14.07% compared to the latest earnings report.

NVIDIA Corporation beat analysts’ expectations during the last earnings period by 29.19%. NVIDIA Corporation reported earnings of $ 2.70 per share on Aug 23, 2023, while the forecasted EPS was $ 2.09. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company’s prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors. Conference Call and Webcast Information

NVIDIA will host a conference call on Wednesday, Aug. 24, at 2 p.m. PT (5 p.m. ET), to discuss its financial results for the second quarter of fiscal year 2023.

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We have slowed operating expense growth, balancing investments for long-term growth while managing near-term profitability. We plan to continue stock buybacks as we foresee strong cash generation and future growth,” she said. Nvidia will be closely watched by investors this week as the company gets ready to release its second-quarter earnings report after the market close on Wednesday. Investors should continue to focus on the two largest platforms since they drive overall company performance. Last quarter, data center and gaming combined accounted for nearly 89% of the company’s total revenue.

nvda stock earnings date

Throw in a likely boost to results from non-AI chip demand (chips for gaming and PCs) normalizing, and it remains difficult to see the good times soon ending for Nvidia. Along with providing additional revenue streams, this also suggests the market leader has dug a deep competitive moat for itself, which may help to keep the AMDs of the world at bay. After a big rebound in earnings during this fiscal year (ending January 2024), earnings could rise by another 56.4% in the next fiscal year. In addition, geopolitical tensions could affect AI chip demand from Chinese end-users. Atop this, competing chip makers, after falling behind, could begin making inroads in this market.

When is NVIDIA (NASDAQ:NVDA) reporting earnings?

The forecasts call for double-digit growth in the fiscal year after that as well. While forecasts are far from certain, a lot still points to the company meeting/beating these estimates. Here’s what the Wall Street analysts are saying about Nvidia’s upcoming earnings report. Nvidia (NVDA -0.68%) is slated to report its second-quarter results for fiscal 2023 (the May to July 2022 period) after the market closes on Wednesday, Aug. 24. Second quarter revenue is expected to be approximately $6.70 billion, down 19% sequentially and up 3% from the prior year, primarily reflecting weaker than forecasted Gaming revenue.

However, I’d venture to say that most investors didn’t realize at that time just how humongous the demand for its tech to enable generative AI would be. This data seems a decent reflection of each company’s current involvement in AI. Nvidia has great reasons to have numerous mentions of AI — it’s already a massive player in this space. Its GPU-based approach to deep learning, a form of AI, dominates the AI training market and is a leader in the AI inferencing market. AMD and Intel have chips used for AI processing — with AMD planning to ramp production of its new powerful MI300 AI chip in the fourth quarter — but neither is as big a player in this market as Nvidia.

NVIDIA Announces Financial Results for First Quarter Fiscal 2023

1 Announced in May 2022 in connection with the company’s press release announcing its financial results for first quarter fiscal 2023. Second quarter results are expected to include approximately $1.32 billion of charges, primarily for inventory and related reserves, based on revised expectations of future demand. During the first quarter of fiscal 2023, NVIDIA returned to shareholders $2.10 billion in share repurchases and cash dividends. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It’s packed with all of the company’s key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

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.

To see all exchange delays and terms of use please see Barchart’s disclaimer. But more and more evidence is suggesting that Coreweave is not as closely linked https://bigbostrade.com/ to Nvidia as the conspiracy theorists supporting it seem to believe. If any evidence is found to support these claims, regulators will likely step in.

Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. On the earnings call, management will surely discuss progress with the Omniverse, Nvidia’s platform for enabling companies to build their metaverses. Long-term investors should focus on how well Nvidia seems to be setting itself up for long-term growth.