- Data center revenue of $3.83 billion, up 31% year-over-year
- Quarterly return to shareholders of $3.75 billion
NVIDIA (NASDAQ: NVDA) today reported revenue of $5.93 billion for the third quarter ended October 30, 2022, down 17% year over year and down 12% sequentially.
Diluted GAAP earnings per share for the quarter were $0.27, down 72% sequentially and 4% higher sequentially. Diluted non-GAAP earnings per share were $0.58, down 50% year over year and up 14% quarter over quarter.
"We are quickly adapting to the macro environment, correcting inventories and paving the way for new products," said Jensen Huang, NVIDIA founder and CEO.
“The rise of our new platforms – Ada Lovelace RTX graphics, Hopper AI computing, BlueField and Quantum networks, Orin for autonomous vehicles and robotics, and Omniverse – is off to a great start and is laying the foundation for our next phase of growth.
“NVIDIA's pioneering work in accelerated computing is more important than ever. Constrained by physics, general purpose computing has slowed, just as AI requires more computing power. Accelerated computing enables companies to achieve productivity gains by orders of magnitude while saving money and protecting the environment,” he said.
During the third quarter of fiscal 2023, NVIDIA paid out $3.75 billion to shareholders in the form of share repurchases and cash dividends, driving first-quarter performance to $9.29 billion. As of October 30, 2022, the Company had $8.28 billion under its share repurchase authorization through December 2023.
NVIDIA will pay its next quarterly cash dividend of $0.04 per share on December 22, 2022 to all shareholders of record on December 1, 2022.
Summary of the third quarter of fiscal year 2023
| PCGA | ||||||||||
| ($ in millions, excluding earnings per share) | T3 GJ23 | T2 GJ23 | T3 GJ22 | P/P | AND AND | |||||
| income | 5.931 $ | 6.704 $ | $7.103 | faithful a 12% | 17% below | |||||
| Gross margin | 53,6 | % | 43,5 | % | 65.2 | % | Up to 10.1 points | 11.6 points minus | ||
| operating cost | 2.576 $ | $2.416 | 1.960 $ | up to 7% | Up to 31% | |||||
| operating result | 601 $ | 499 $ | 2.671 $ | up to 20% | Under 77% | |||||
| net income | 680 $ | 656 $ | 2.464 $ | up to 4% | Under 72% | |||||
| Diluted earnings per share | $ 0,27 | $ 0,26 | $ 0,97 | up to 4% | Under 72% | |||||
| Non-GAAP | ||||||||||
| ($ in millions, excluding earnings per share) | T3 GJ23 | T2 GJ23 | T3 GJ22 | P/P | AND AND | |||||
| income | 5.931 $ | 6.704 $ | $7.103 | faithful a 12% | 17% below | |||||
| Gross margin | 56.1 | % | 45,9 | % | 67,0 | % | Up to 10.2 points | 10.9 points minus | ||
| operating cost | 1.793 $ | 1.749 $ | 1.375 $ | up to 3% | up to 30% | |||||
| operating result | 1.536 $ | 1.325 $ | 3.386 $ | up to 16% | below 55% | |||||
| net income | 1.456 $ | 1.292 $ | 2.973 $ | up to 13% | Under 51% | |||||
| Diluted earnings per share | $ 0,58 | $ 0,51 | $ 1,17 | up to 14% | below 50% | |||||
Panorama
NVIDIA's outlook for the fourth quarter of fiscal 2023 is as follows:
- Revenue should be $6.00 billion, up or down 2%.
- GAAP and non-GAAP gross margins are expected to be 63.2% and 66.0%, respectively, plus or minus 50 basis points.
- GAAP and non-GAAP operating expenses are expected to be approximately $2.56 billion and $1.78 billion, respectively.
- Other GAAP and non-GAAP income and expenses are expected to be approximately $40 million, excluding gains and losses on unrelated investments.
- GAAP and non-GAAP tax rates are expected to be 9.0% plus or minus 1%, excluding line items.
reflexes
NVIDIA has made strides in these areas since its previous earnings announcement:
data center
- Third-quarter revenue was $3.83 billion, up 31% year over year and 1% sequentially.
- started sendingNVIDIA® H100 Tensor Core GPU based on the new NVIDIA Hopper™ architecture, with first systems available now.
- He announced this at the supercomputing conference SC22NVIDIA H100 and Quantum 2 systemsare widespread; that NVIDIA Omniverse™ connects to leading scientific visualization software; plasterNVIDIA runs 90% of new systems on the latest TOP500List of the world's fastest supercomputers, including the H100 system implemented at the Flatiron Institute in the US, which topped the Green500 list of most efficient systems.
- announced aseveral years of cooperation with MicrosoftHelping enterprises train, deploy, and scale AI, including next-gen models, via Microsoft Azure, which provides tens of thousands of A100 and H100 GPUs.
- announced amulti-year partnership with OracleBring NVIDIA's entire accelerated computing stack to the Oracle Cloud Infrastructure, which provides tens of thousands of NVIDIA GPUs, including the A100 and H100 accelerators.
- announced aparceria com a Nuance Communicationsto provide AI-based diagnostic tools for clinical radiologists.
- announced thatRescale integrates NVIDIA AI Enterprisesoftware in its HPC-as-a-Service offering.
- Announcedtwo new cloud AI services with large language model—NVIDIA NeMo™ LLMjLLM von NVIDIA BioNeMoTM— Ermöglichen Sie Entwicklern die einfache Anpassung von LLMs und die Bereitstellung benutzerdefinierter KI-Anwendungen für die Generierung von Inhalten, Textzusammenfassungen, Vorhersagen von Proteinstrukturen und biomolekularen Eigenschaften und vieles mehr.
- announced thatNVIDIA H100 Tensor Core GPUs set records in AI inferencejKI-Trainingacross all workloads in their first appearances in the MLPerf AI benchmarks.
- Introducing the second generation of NVIDIA OVX™, based on the Ada Lovelace GPU architecture and enhanced networking technology, enabling the creation of 3D worlds with innovative real-time graphics, artificial intelligence and digital twin simulation capabilities.
- Announceda new data center solution with Zero Trust security optimized for VMware vSphere 8combine Dell PowerEdge servers withDPU NVIDIA BlueField®, GPU NVIDIA eNVIDIA AI enterprise software.
Gamble
- Third-quarter revenue was $1.57 billion, down 51% year over year and down 23% sequentially.
- thrown awayGeForce RTX™ 4090, the first Ada Lovelace architecture GPU for gamers and developers, which sold out quickly in many places. RTX 4080 sales started today.
- insertedNVIDIA DLSS 3,An AI-powered performance multiplier for a new era of neural rendering powered by NVIDIA RTX™. More than 240 DLSS games and apps are now available and 35 have announced DLSS 3 support, includingMarvels Spider-Man Remastered, Cyberpunk 2077jMicrosoft flight simulator.
- It released 37 new RTX games and apps, bringing the total to over 360.
- expands theGeForce NOW™ with over 85 games, bringing the total number of games available to over 1,400.
professional visualization
- Third-quarter revenue was $200 million, down 65% year over year and down 60% sequentially.
- insertedNVIDIA Omniverse™ Cloud, the company's first software and infrastructure-as-a-service offering, providing a comprehensive suite of cloud services for artists, developers and enterprise teams to access Metaverse applications.
automobile and business
- Third-quarter revenue was $251 million, up 86% year over year and 14% year over year.
- insertedNVIDIA DRIVE Thor™, the company's 2,000 TFLOPS centralized computer for safe autonomous vehicles, which will be integrated into electric vehicles by Geely-owned ZEEKR by 2025.
- marked the start ofFully electric Volvo EX90, powered by NVIDIA DRIVE Orin and Xavier™, andNorth Star 3, the brand's first SUV to run on the NVIDIA DRIVE™ platform.
- announced thatHozon Auto Net Mark to build future electric vehicleson the NVIDIA DRIVE Orin™ platform, which enables automated driving and intelligent functions.
- Announcednew partners of the DRIVE IX ecosystembuilt on the company's open AI cockpit software stack to provide interactive capabilities for vehicles.
- thrown awaySystem in Jetson Orin Nano™ modulesthat deliver up to 80x the performance of the previous generation for cutting-edge robotics and entry-level AI.
Chief Financial Officer's Comment
Commentary on the quarter from NVIDIA Executive Vice President and CFO Colette Kress is available athttps://investor.nvidia.com/.
Information on conference calls and webcasts
NVIDIA will host a conference call with analysts and investors today at 2:00 p.m. to discuss its fiscal 2023 third quarter financial results and updated financial outlook. Pacific Time (5:00 p.m. Eastern Time). A live webcast (listening mode) of the conference call will be available on NVIDIA's Investor Relations website.https://investor.nvidia.com. The webcast will be recorded and available to play in advance of NVIDIA's fourth quarter and fiscal 2023 financial results conference call.
Non-GAAP Measures
In order to supplement NVIDIA's condensed consolidated financial statements, which are presented in accordance with GAAP, the company uses non-GAAP measures for certain components of financial performance. These non-GAAP measures include Non-GAAP Gross Income, Non-GAAP Gross Margin, Non-GAAP Operating Expense, Non-GAAP Operating Income, Other Non-GAAP Income (Expense), Non-GAAP Net Income, Non-GAAP -Net income Sales, GAAP net income or earnings per diluted share and free cash flow. To help NVIDIA investors better compare its current results to prior periods, the company has presented a reconciliation of GAAP to non-GAAP financial measures. These reconciliations adjust the related GAAP financial measures to exclude costs to complete the acquisition, stock-based compensation expense, acquisition-related and other costs, contributions, IP-related costs, court settlements, restructuring costs, capital gains and losses, unrelated investments, interest expense im related to debt discount amortization, the tax implications associated with these items, if any, and the domestication tax benefit. Free cash flow is calculated as GAAP net cash from operations less acquisitions of property, plant and equipment and intangible assets and principal payments on property, plant and equipment and intangible assets. NVIDIA believes that the presentation of its non-GAAP financial measures enhances the user's overall understanding of the company's historical financial performance. The presentation of the Company's non-GAAP financial measures should not be viewed in isolation from or as a substitute for the Company's financial results prepared in accordance with GAAP, and the Company's non-GAAP financial measures may differ from the Company's non-GAAP financial measures. GAAP used by other companies.
| NVIDIA Corporation | |||||||||||||||||
| INCOME STATEMENT CONSOLIDATED SUMMARY | |||||||||||||||||
| (In millions, except per share data) | |||||||||||||||||
| (Not checked) | |||||||||||||||||
| three more months | nine months more | ||||||||||||||||
| 30 October | October 31st, | 30 October | October 31st, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||
| income | PS | 5.931 | PS | 7.103 | PS | 20.923 | PS | 19.271 | |||||||||
| revenue costs | 2.754 | 2.472 | 9.400 | 6.795 | |||||||||||||
| gross profit | 3.177 | 4.631 | 11.523 | 12.476 | |||||||||||||
| operating cost | |||||||||||||||||
| investigation and development | 1.945 | 1.403 | 5.387 | 3.802 | |||||||||||||
| Sales, general and administrative | 631 | 557 | 1.815 | 1.603 | |||||||||||||
| acquisition costs | - | - | 1.353 | - | |||||||||||||
| business expenses | 2.576 | 1.960 | 8.555 | 5.405 | |||||||||||||
| operating result | 601 | 2.671 | 2.968 | 7.071 | |||||||||||||
| interest income | 88 | 7 | 152 | 20 | |||||||||||||
| interest expense | (Sixty-five | ) | (62 | ) | (198 | ) | (175 | ) | |||||||||
| other, liquid | (11 | ) | 22 | (29 | ) | 160 | |||||||||||
| Other income (expense), net | 12 | (33 | ) | (75 | ) | 5 | |||||||||||
| profit before income tax | 613 | 2.638 | 2.893 | 7.076 | |||||||||||||
| Income tax expense (benefit) | (67 | ) | 174 | (61 | ) | 327 | |||||||||||
| net income | PS | 680 | PS | 2.464 | PS | 2.954 | PS | 6.749 | |||||||||
| Net earnings per share: | |||||||||||||||||
| Basic | PS | 0,27 | PS | 0,99 | PS | 1.18 | PS | 2.71 | |||||||||
| diluted | PS | 0,27 | PS | 0,97 | PS | 1.17 | PS | 2.67 | |||||||||
| Weighted average number of shares used in the per share calculation: | |||||||||||||||||
| Basic | 2.483 | 2.499 | 2.495 | 2.493 | |||||||||||||
| diluted | 2.499 | 2.538 | 2.517 | 2.532 | |||||||||||||
| NVIDIA Corporation | ||||||||||
| BALANCE DE SITUACION CONSOLIDATED IN SUMMARY | ||||||||||
| (in millions) | ||||||||||
| (Not checked) | ||||||||||
| 30 October | January 30th | |||||||||
| 2022 | 2022 | |||||||||
| ACTIVE | ||||||||||
| current assets: | ||||||||||
| Cash, cash equivalents and marketable securities | PS | 13.143 | PS | 21.208 | ||||||
| receivables, net | 4.908 | 4.650 | ||||||||
| The supplies | 4.454 | 2.605 | ||||||||
| Prepaid expenses and other current assets | 718 | 366 | ||||||||
| total current assets | 23.223 | 28.829 | ||||||||
| fixed assets, net | 3.774 | 2.778 | ||||||||
| Assets under Operating Lease | 927 | 829 | ||||||||
| Good will | 4.372 | 4.349 | ||||||||
| Intangible assets, liquid | 1.850 | 2.339 | ||||||||
| Deferred tax assets | 2.762 | 1.222 | ||||||||
| Other assets | 3.580 | 3.841 | ||||||||
| total assets | PS | 40.488 | PS | 44.187 | ||||||
| LIABILITIES AND EQUITY | ||||||||||
| current liabilities: | ||||||||||
| to pay bills | PS | 1.491 | PS | 1.783 | ||||||
| Accumulated and other current liabilities | 4.115 | 2.552 | ||||||||
| short-term debt | 1.249 | - | ||||||||
| Total current liabilities | 6.855 | 4.335 | ||||||||
| Long-term liabilities | 9.701 | 10.946 | ||||||||
| Long-term operating lease liabilities | 798 | 741 | ||||||||
| Other long-term liabilities | 1.785 | 1.553 | ||||||||
| full responsibility | 19.139 | 17.575 | ||||||||
| shareholders | 21.349 | 26.612 | ||||||||
| Joint Liability and Equity | PS | 40.488 | PS | 44.187 | ||||||
| NVIDIA Corporation | |||||||||||||||||
| CONDENSED CONSOLIDATED CASH FLOW STATEMENT | |||||||||||||||||
| (in millions) | |||||||||||||||||
| (Not checked) | |||||||||||||||||
| three more months | nine months more | ||||||||||||||||
| 30 October | October 31st, | 30 October | October 31st, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||||
| Cash flow from operating activities: | |||||||||||||||||
| net income | PS | 680 | PS | 2.464 | PS | 2.954 | PS | 6.749 | |||||||||
| Adjustments to reconcile net income with net cash | |||||||||||||||||
| provided by operational activities: | |||||||||||||||||
| Share-based Compensation Expense | 745 | 559 | 1.971 | 1.453 | |||||||||||||
| depreciation and amortization | 406 | 298 | 1.118 | 865 | |||||||||||||
| Losses (gains) on investments in unaffiliated companies, net | 11 | (21 | ) | 35 | (152 | ) | |||||||||||
| deferred income tax | (532 | ) | (20 | ) | (1.517 | ) | (182 | ) | |||||||||
| acquisition costs | - | - | 1.353 | - | |||||||||||||
| From others | (45 | ) | 10 | (27 | ) | 25 | |||||||||||
| Changes in operating assets and liabilities, net of acquisitions: | |||||||||||||||||
| accounts obtainable | 410 | (366 | ) | (258 | ) | (1.523 | ) | ||||||||||
| The supplies | (563 | ) | (118 | ) | (1.848 | ) | (400 | ) | |||||||||
| Prepaid expenses and other assets | 247 | (1.575 | ) | (1.307 | ) | (1.557 | ) | ||||||||||
| to pay bills | (917 | ) | 141 | (358 | ) | 385 | |||||||||||
| Accumulated and other current liabilities | (92 | ) | (8 | ) | 1.175 | 159 | |||||||||||
| Other long-term liabilities | 42 | 155 | 102 | 253 | |||||||||||||
| Net cash generated from operating activities | 392 | 1.519 | 3.393 | 6.075 | |||||||||||||
| Cash flows from investing activities: | |||||||||||||||||
| Collections of maturities of tradable securities | 5.809 | 2.545 | 16.792 | 7.780 | |||||||||||||
| Proceeds from the sale of securities | 75 | 211 | 1.806 | 916 | |||||||||||||
| Purchase of tradable securities | (2.188 | ) | (6.752 | ) | (9.764 | ) | (16.020 | ) | |||||||||
| Purchases related to property, plant and equipment and intangible assets | (530 | ) | (221 | ) | (1.324 | ) | (703 | ) | |||||||||
| Acquisitions, net cash acquired | - | (203 | ) | (49 | ) | (203 | ) | ||||||||||
| Participations and other, net | (18 | ) | (18 | ) | (83 | ) | (14 | ) | |||||||||
| Net cash provided (used) by investing activities | 3.148 | (4.438 | ) | 7.378 | (8.244 | ) | |||||||||||
| Cash flows from financing activities: | |||||||||||||||||
| Income related to employee share plans | 143 | 149 | 349 | 277 | |||||||||||||
| Payments related to repurchases of common stock | (3.485 | ) | - | (8.826 | ) | - | |||||||||||
| Payments Related to Restricted Stock Unit Taxes | (294 | ) | (440 | ) | (1.131 | ) | (1.282 | ) | |||||||||
| dividend payments | (100 | ) | (100 | ) | (300 | ) | (298 | ) | |||||||||
| Amortization payments for property, plant and equipment and intangible assets | (18 | ) | (22 | ) | (54 | ) | (62 | ) | |||||||||
| Debt issuance, less issuance costs | - | (8 | ) | - | 4.977 | ||||||||||||
| debt repayment | - | (1.000 | ) | - | (1.000 | ) | |||||||||||
| From others | 1 | - | 1 | (2 | ) | ||||||||||||
| Net cash provided (used) by financing activities | (3.753 | ) | (1.421 | ) | (9.961 | ) | 2.610 | ||||||||||
| Change in cash and cash equivalents | (213 | ) | (4.340 | ) | 810 | 441 | |||||||||||
| Cash and cash equivalents at the beginning of the period | 3.013 | 5.628 | 1.990 | 847 | |||||||||||||
| Cash and cash equivalents at the end of the period | PS | 2.800 | PS | 1.288 | PS | 2.800 | PS | 1.288 | |||||||||
| NVIDIA Corporation | ||||||||||||||||||||||
| RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES | ||||||||||||||||||||||
| (In millions, except per share data) | ||||||||||||||||||||||
| (Not checked) | ||||||||||||||||||||||
| three more months | nine months more | |||||||||||||||||||||
| 30 October | July 31, | October 31st, | 30 October | October 31st, | ||||||||||||||||||
| 2022 | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||
| GAAP gross profit | PS | 3.177 | PS | 2.915 | PS | 4.631 | PS | 11.523 | PS | 12.476 | ||||||||||||
| GAAP Gross Margin | 53,6 | % | 43,5 | % | 65.2 | % | 55.1 | % | 64,7 | % | ||||||||||||
| Acquisition costs and other (A) | 120 | 121 | 86 | 335 | 258 | |||||||||||||||||
| Share-based compensation expense (B) | 32 | 38 | 44 | 108 | 102 | |||||||||||||||||
| IP Related Costs | - | - | - | - | 8 | |||||||||||||||||
| Non-GAAP Gross Income | PS | 3.329 | PS | 3.074 | PS | 4.761 | PS | 11.966 | PS | 12.844 | ||||||||||||
| Non-GAAP-Bruttomarge | 56.1 | % | 45,9 | % | 67,0 | % | 57.2 | % | 66,6 | % | ||||||||||||
| GAAP Operating Expenses | PS | 2.576 | PS | 2.416 | PS | 1.960 | PS | 8.555 | PS | 5.405 | ||||||||||||
| Share-based compensation expense (B) | (713 | ) | (611 | ) | (515 | ) | (1.863 | ) | (1.351 | ) | ||||||||||||
| Acquisition costs and other (A) | (54 | ) | (54 | ) | (70 | ) | (164 | ) | (224 | ) | ||||||||||||
| restructuring costs (C) | (sixteen | ) | - | - | (sixteen | ) | - | |||||||||||||||
| posts | - | (2 | ) | - | (2 | ) | - | |||||||||||||||
| acquisition costs | - | - | - | (1.353 | ) | - | ||||||||||||||||
| Judicial liquidation costs | - | - | - | (7 | ) | - | ||||||||||||||||
| Non-GAAP Operating Expenses | PS | 1.793 | PS | 1.749 | PS | 1.375 | PS | 5.150 | PS | 3.830 | ||||||||||||
| GAAP Operating Income | PS | 601 | PS | 499 | PS | 2.671 | PS | 2.968 | PS | 7.071 | ||||||||||||
| Total impact of non-GAAP adjustments on operating income | 935 | 826 | 715 | 3.848 | 1.943 | |||||||||||||||||
| Non-GAAP income from operations | PS | 1.536 | PS | 1.325 | PS | 3.386 | PS | 6.816 | PS | 9.014 | ||||||||||||
| Other GAAP income (expense), net | PS | 12 | PS | (24 | ) | PS | (33 | ) | PS | (75 | ) | PS | 5 | |||||||||
| Investment losses (gains) of non-affiliates | 11 | 7 | (20 | ) | 36 | (153 | ) | |||||||||||||||
| Interest expense related to the amortization of the debt discount | 1 | 1 | 1 | 3 | 3 | |||||||||||||||||
| Other non-GAAP income (expense), net | PS | 24 | PS | (sixteen | ) | PS | (52 | ) | PS | (36 | ) | PS | (145 | ) | ||||||||
| GAAP Net Income | PS | 680 | PS | 656 | PS | 2.464 | PS | 2.954 | PS | 6.749 | ||||||||||||
| Total pre-tax impact of non-GAAP adjustments | 947 | 833 | 696 | 3.887 | 1.793 | |||||||||||||||||
| Income Tax Effects of Non-GAAP Adjustments (D) | (171 | ) | (197 | ) | (187 | ) | (649 | ) | (381 | ) | ||||||||||||
| Domestication Tax Adjustments | - | - | - | - | (252 | ) | ||||||||||||||||
| Non-GAAP Net Income | PS | 1.456 | PS | 1.292 | PS | 2.973 | PS | 6.192 | PS | 7.909 | ||||||||||||
| Diluted net earnings per share | ||||||||||||||||||||||
| PCGA | PS | 0,27 | PS | 0,26 | PS | 0,97 | PS | 1.17 | PS | 2.67 | ||||||||||||
| Non-GAAP | PS | 0,58 | PS | 0,51 | PS | 1.17 | PS | 2.46 | PS | 3.12 | ||||||||||||
| Weighted average share count used to calculate diluted net earnings per share | 2.499 | 2.516 | 2.538 | 2.517 | 2.532 | |||||||||||||||||
| GAAP net cash provided by continuing operations | PS | 392 | PS | 1.271 | PS | 1.519 | PS | 3.393 | PS | 6.075 | ||||||||||||
| Purchases related to property, plant and equipment and intangible assets | (530 | ) | (432 | ) | (221 | ) | (1.324 | ) | (703 | ) | ||||||||||||
| Capital payments for property, plant and equipment | (18 | ) | (fifteen | ) | (22 | ) | (54 | ) | (62 | ) | ||||||||||||
| Free Cash Flow | PS | (156 | ) | PS | 824 | PS | 1.276 | PS | 2.015 | PS | 5.310 | |||||||||||
| (A) Acquisition and other costs include amortization of intangible assets, transaction costs and certain indemnification costs and are included in the following items: | ||||||||||||||||||||||
| three more months | nine months more | |||||||||||||||||||||
| 30 October | July 31, | October 31st, | 30 October | October 31st, | ||||||||||||||||||
| 2022 | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||
| revenue costs | PS | 120 | PS | 121 | PS | 86 | PS | 335 | PS | 258 | ||||||||||||
| investigation and development | PS | 10 | PS | 10 | PS | 7 | PS | 29 | PS | 10 | ||||||||||||
| Sales, general and administrative | PS | 44 | PS | 44 | PS | 63 | PS | 135 | PS | 214 | ||||||||||||
| (B) The share-based payment consists of the following: | ||||||||||||||||||||||
| three more months | nine months more | |||||||||||||||||||||
| 30 October | July 31, | October 31st, | 30 October | October 31st, | ||||||||||||||||||
| 2022 | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||
| revenue costs | PS | 32 | PS | 38 | PS | 44 | PS | 108 | PS | 102 | ||||||||||||
| investigation and development | PS | 530 | PS | 452 | PS | 363 | PS | 1.365 | PS | 935 | ||||||||||||
| Sales, general and administrative | PS | 183 | PS | 159 | PS | 152 | PS | 498 | PS | 416 | ||||||||||||
| (C) Costs related to the closure of the Russian branch. | ||||||||||||||||||||||
| (D) Income tax effects of non-GAAP adjustments, including over- or under-recovery of tax benefits related to stock-based compensation under GAAP accounting standards (ASU 2016-09). | ||||||||||||||||||||||
| NVIDIA Corporation | ||||
| GAAP RECONCILIATION WITH NON-GAAP PERSPECTIVE | ||||
| Outlook for the fourth quarter of the 2023 financial year | ||||
| ($ in millions) | ||||
| GAAP Gross Margin | 63.2 | % | ||
| Impact of stock-based compensation expense, acquisition-related costs and other costs | 2.8 | % | ||
| Non-GAAP-Bruttomarge | 66,0 | % | ||
| GAAP Operating Expenses | PS | 2.560 | ||
| Stock-based compensation expenses, acquisition-related costs and other costs | (780 | ) | ||
| Non-GAAP Operating Expenses | PS | 1.780 | ||
FAQs
What was NVDA earnings report for 2023? ›
For fiscal 2023, revenue was $26.97 billion, flat from a year ago. GAAP earnings per diluted share were $1.74, down 55% from a year ago. Non-GAAP earnings per diluted share were $3.34, down 25% from a year ago.
What will NVDA earn in Q3 2023? ›During the third quarter of fiscal 2023, NVIDIA returned to shareholders $3.75 billion in share repurchases and cash dividends, bringing the return in the first three quarters to $9.29 billion.
How is Nvidia doing financially? ›NVIDIA (NASDAQ: NVDA) today reported revenue for the fourth quarter ended January 29, 2023, of $6.05 billion, down 21% from a year ago and up 2% from the previous quarter.
Will Nvidia hit earnings? ›Analysts expect Nvidia earnings to rebound 32% in the new fiscal year, on a 9% sales increase. Out of 43 analysts covering NVDA stock, 28 rate it a buy.
What is a good buy price for NVDA? ›NVIDIA Corp (NASDAQ:NVDA)
The 37 analysts offering 12-month price forecasts for NVIDIA Corp have a median target of 260.00, with a high estimate of 350.00 and a low estimate of 110.00. The median estimate represents a +14.51% increase from the last price of 227.06.
| High | $350.00 |
|---|---|
| Median | $262.50 |
| Low | $110.00 |
| Average | $248.20 |
| Current Price | $233.14 |
It is highly likely that Nvidia will at least still be the main player in the AI processor market in 2022 and entering 2023 as the company continues to develop the best performing GPUs.
Is Nvidia stock a long term investment? ›Summary. Nvidia shows robust forward guidance estimates for the next five years, proving it will be worthy of holding over a long period. With weak short-term technical analysis and sell recommendations, one should pause until Nvidia stock proves worth investing in.
How is NVDA overvalued? ›NVDA currently has a 12-month-forward-PE-to-Growth (PEG) ratio of 5.64. The market is currently overvaluing NVDA in relation to its projected growth due to the PEG ratio being above the fair market value of 1.
Is it good to invest in Nvidia? ›Valuation metrics show that NVIDIA Corporation may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of NVDA, demonstrate its potential to underperform the market. It currently has a Growth Score of B.
Does Nvidia have a lot of debt? ›
NVIDIA long term debt for 2023 was $9.703B, a 11.36% decline from 2022. NVIDIA long term debt for 2022 was $10.946B, a 83.53% increase from 2021. NVIDIA long term debt for 2021 was $5.964B, a 199.55% increase from 2020.
Who owns the most Nvidia stock? ›| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 7.90% | 194,248,256 |
| Fidelity Management & Research Co... | 5.18% | 127,303,834 |
| BlackRock Fund Advisors | 4.74% | 116,538,295 |
| SSgA Funds Management, Inc. | 3.97% | 97,703,214 |
Nvidia will be the first $1 trillion dollar semiconductor company, says Needham analyst. Rajvindra Gill, Needham analyst, joins 'Closing Bell' to discuss new products announced at Nvidia investor day.
Is Nvidia a hold or sell? ›NVIDIA has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 26 buy ratings, 8 hold ratings, and 2 sell ratings.
What are the projections for NVDA growth? ›High Growth Earnings: NVDA's earnings are expected to grow significantly over the next 3 years. Revenue vs Market: NVDA's revenue (13.4% per year) is forecast to grow faster than the US market (6.9% per year). High Growth Revenue: NVDA's revenue (13.4% per year) is forecast to grow slower than 20% per year.
What will Nvidia stock price be in 2025? ›The 35 analysts offering 2025 price forecasts for NVIDIA have a median target of $550, with a high estimate of $610 and a low estimate of $485. The average estimate represents a 120% increase from the current price.
What will NVDA stock price be in 2025? ›According to the latest long-term forecast, Nvidia price will hit $300 by the middle of 2023 and then $600 by the end of 2024. Nvidia will rise to $700 within the year of 2025, $800 in 2026, $1,000 in 2027, $1,100 in 2028, $1,200 in 2029, $1,300 in 2031, $1,400 in 2033 and $1,500 in 2034.
How much will Nvidia stock be worth in 5 years? ›The NVIDIA 5-year stock forecast from Coin Price Forecast indicated that the share price could climb to $520 by the end of 2027, up from $370 at the end of 2025, and $160 at the end of 2022.
Is NVDA bullish or bearish? ›[Positioning] Intermediate trend bearish, Unsustainable uptrend, may turn sideways. Indicators for positioning trade entry and exits. up (+6.16, +2.7%) from yesterday's close.
Which stock is better Nvidia or AMD? ›AMD enjoys more diverse exposure to gaming
The company also doesn't have as much invested in the success of the GPU market as Nvidia, despite competing with equivalent models. In Q3 2022, AMD had a 16% market share in the discrete GPU market. Meanwhile, Nvidia had a 72% market share in the same quarter.
What stocks will boom in 2023? ›
- HAL-0.15 (-0.40%)
- CEGUNCH.
- ENPH+0.70 (+0.33%)
- MCKUNCH.
- NOCUNCH.
- NFLX-0.08 (-0.03%)
- SWKUNCH.
- VFC-0.04 (-0.16%)
NVIDIA's competitors and similar companies include Intel, Arista Networks, Qualcomm, AMD, Xilinx, Infor, Broadcom, Hewlett Packard Enterprise and Overview.
Is Nvidia's stock Overvalued or Undervalued? ›Nvidia Valuation Metrics
Unfortunately, many of Nvidia's valuation metrics suggest that it is considerably overvalued. With a P/E ratio of 40.33 and a price-to-sales ratio of 13.67, Nvidia would have to deliver a great deal of growth in the coming few years to justify its current pricing.
Overvalued stocks are ideal for investors looking to short a position. This entails selling shares to capitalize on an anticipated price declines.
Do overvalued stocks fall? ›Overvalued stocks are the ones that trade above their intrinsic value or their actual worth, due to which it has a great chance of experiencing a sudden sharp price fall at some point of time.
Is NVIDIA a risk? ›...
International Peers - NVIDIA Corp.
| Company Name | Intel Corporation |
|---|---|
| Ctry | USA |
| Market Cap. last (mUSD) | 102 762 |
| Beta 1-Year | 0.81 |
The U.S. government is partnering with leading technology companies to harness the power of AI to solve society's toughest challenges. With NVIDIA at the forefront of AI and accelerated computing, government affairs and public policy professionals are turning to our expertise.
Is NVIDIA the biggest company in the world? ›As of March 2023 NVIDIA has a market cap of $580.98 Billion. This makes NVIDIA the world's 8th most valuable company by market cap according to our data.
What country owns Nvidia? ›Nvidia Corporation (/ɛnˈvɪdiə/ en-VID-ee-ə) is an American multinational technology company incorporated in Delaware and based in Santa Clara, California.
Where does Nvidia make the most money? ›Data centers continue to be the most significant revenue segment for Nvidia.
What does Nvidia sell the most of? ›
Nvidia primarily serves the graphics processing units (GPUs) market, which are high performance processors that generate realistic and interactive graphics on PCs, and notebooks.
Can NVDA reach $1000? ›As reported, Nvidia (NVDA) share value is expected to reach up to $1000 by 2030 through a steady and gradual rise with forecasts for each year until then; $390 for 2023, $420 for 2024, $570 for 2025 and so on.
What 3 companies are worth a trillion dollars? ›| Rank | Company | Country |
|---|---|---|
| 1 | Apple | United States |
| 1 | Microsoft | United States |
| 1 | Saudi Aramco | Saudi Arabia |
| 1 | Amazon | United States |
These catalysts explain why analysts expect Nvidia to return to growth in the next fiscal year following a flat top-line performance in the current one. The company's earnings are also expected to jump an impressive 32% in fiscal 2024 (which begins in February 2023) following a sharp decline in the current one.
Is NVDA planning to split? ›What did NVIDIA announce? We announced a four-for-one stock split in the form of a stock dividend, making NVIDIA stock ownership more accessible to all. Did the stockholders approve the increase in authorized shares? Yes, stockholders approved the increase in authorized shares during the June 3, 2021, annual meeting.
What is the ex dividend date for NVDA? ›Nvidia's previous ex-dividend date was on Nov 29, 2022. Nvidia shareholders who own NVDA stock before this date received Nvidia's last dividend payment of $0.04 per share on Dec 21, 2022. NVDA's next ex-dividend date has not been announced yet.
When did Nvidia report earnings last? ›NVDA's next earnings date is CONFIRMED for Wednesday 05/24/2023 After Market. Investors increasingly rely upon earnings announcement dates and changes to those dates to capitalize on trading opportunities or mitigate risk.
Why is NVDA sinking? ›Sept 1 (Reuters) - U.S. chip stocks tumbled on Thursday, with the main semiconductor index down more than 3% after Nvidia (NVDA. O) and Advanced Micro Devices (AMD.
Is NVIDIA a buy sell or hold? ›Nvidia has a conensus rating of Moderate Buy which is based on 25 buy ratings, 6 hold ratings and 2 sell ratings. The average price target for Nvidia is $256.39.
Should I buy before or after a stock split? ›Any decision you make — buy, hold or sell — is not likely to have a much different outcome if you make it just before or just after the split. Since a stock split is announced prior to being executed, any post-split bump that the market expects is baked into the price by the time the split actually occurs.
Do more people buy after a stock split? ›
While a split doesn't actually make your investment any more valuable in and of itself, a lower share price and the resulting increase in trading liquidity can certainly attract additional investors.
Is it good to buy stock after ex-dividend date? ›The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
Is it good to buy on ex-dividend date? ›Because the price of a security drops by about the same value of the dividend, buying it right before the ex-dividend date shouldn't result in any gains. Similarly, investors buying on or after the ex-dividend date get a "discount" on the security price to make up for the dividend they won't be receiving.
Do shares go up after ex-dividend date? ›After a stock goes ex-dividend, the share price typically drops by the amount of the dividend paid to reflect the fact that new shareholders are not entitled to that payment. Dividends paid out as stock instead of cash can dilute earnings, which can also have a negative impact on share prices in the short term.
Is Nvidia going to grow? ›With Nvidia being by far the most dominant player in the fast-growing industry, the company is well-positioned to benefit from this growth. The broad AI industry is expected to grow at a 20% CAGR between 2022 and 2029 to reach a market size of $1.4 trillion.
What are Nvidia q3 earnings forecast? ›Revenue is expected to be $6.00 billion, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be 63.2% and 66.0%, respectively, plus or minus 50 basis points. GAAP and non-GAAP operating expenses are expected to be approximately $2.56 billion and $1.78 billion, respectively.
Which fund holds the most of NVDA? ›NVIDIA Corporation is a company in the U.S. stock market and it is a holding in 386 U.S.-traded ETFs. NVDA has around 223.5M shares in the U.S. ETF market. The largest ETF holder of NVDA is the Invesco QQQ Trust (QQQ), with approximately 32.10M shares.
Is NVDA a long term stock? ›Nvidia shows robust forward guidance estimates for the next five years, proving it will be worthy of holding over a long period. With weak short-term technical analysis and sell recommendations, one should pause until Nvidia stock proves worth investing in.
Does NVDA have debt? ›31, 2022.
Is Nvidia losing market share? ›Nvidia remains the undisputed leader
In the third quarter of 2022, Nvidia increased its share of the discrete graphics card market to 88%. That's up from 80% in the previous quarter, according to Jon Peddie Research. Meanwhile, AMD (AMD -0.37%) saw its market share fall from 15% to 8%.