Nvidia will announce its earnings after the close tomorrow in trading today, the premier chipmakers shares are up $6.57 or 4.69% to $146.69. The all-time high closing level is at $148.88.
What are the expectations
Earnings Expectations
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Adjusted quarterly earnings: $0.74 per share versus $0.40 last year (85% YoY increase)
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Revenue: $33.2 billion versus $18.12 billion last year (84% YoY increase)
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Fiscal Q4 sales guidance: $37.7 billion (KeyBanc estimate, down from $40 billion)
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Fiscal Q4 earnings outlook: $0.83 per share (KeyBanc estimate, down from $0.88 per share)
Analyst Sentiment
Drivers
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Strong demand for AI infrastructure and Blackwell AI chips. Jensen Huang called demand for it’s newest Blackwell chip “insane” back on October 3
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Growing demand in robotics and traditional computing sectors
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Emerging demand from AI software developers
Challenges
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Reported overheating issues with Blackwell servers (unconfirmed by Nvidia)
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Supply chain challenges around production ramp
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Increased pressure among China hyperscalers to use domestic AI solutions.
Last quarter earnings came in at $0.68 versus $0.647 estimate. Revenues were at $30.04 billion versus $28.74 billion. Shares fell -6.38% from $125.61 to a closing level to $117.59 the next day. The price fell -18.14% to its low close on September 6 at $102.83 before starting its rebound to the upside which reached a new record level of $149.77 intraday on November 8.
Shares in 2024 are up 195.5%.