NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2022

The company was intended to focus on chips for the budding gaming and entertainment industry that was spawned by the rise of the personal computer and the Internet. At the time of its founding, there were less than 30 graphics-focused thinkmarkets review independent operators and that figure would more than double over the next few years. Out of the last 92 earnings reporting periods, NVIDIA Corporation beat analysts’ expectations 71 times and fell short of expectations 13 time(s).

The timing of earnings releases can vary depending on a company’s fiscal year, industry norms, and internal reporting practices. This update does not present all necessary information for an understanding of NVIDIA’s financial condition as of the date of this release, or its results of operations for the second quarter. As NVIDIA completes its quarter-end financial close process and finalizes its financial statements for the quarter, it will be required to make significant judgments in a number of areas. It is possible that NVIDIA may identify items that require it to make adjustments to the preliminary financial information set forth above and those changes could be material.

  • The current global environment is characterized by high inflation, slowing economic growth, and supply chain bottlenecks stemming mainly from the pandemic.
  • We are significantly increasing our supply to meet surging demand for them,” he said.
  • Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.
  • NVIDIA will pay its next quarterly cash dividend of $0.04 per share on June 30, 2023, to all shareholders of record on June 8, 2023.
  • NVIDIA will pay its next quarterly cash dividend of $0.04 per share on September 28, 2023, to all shareholders of record on September 7, 2023.

NVIDIA believes the presentation of its non-GAAP financial measures enhances the user’s overall understanding of the company’s financial performance. 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. “Our gaming product sell-through projections declined significantly as the quarter progressed,” said Jensen Huang, founder and CEO of NVIDIA. “As we expect the macroeconomic conditions affecting sell-through to continue, we took actions with our Gaming partners to adjust channel prices and inventory.

When does NVIDIA Corporation (NVDA) report earnings?

Dividend Sensei (Adam Galas) is an Army veteran and stock analyst with 20+ years of market experience. I can’t tell you with 100% certainty that any company will miss earnings and crash. NVDA is priced for perfection and selling out all of its $10,000 A100 chips. Oppenheimer thinks NVDA will grow 10% long-term, the lowest forecast. If we default for three months, there simply won’t be enough tax revenues (which will be falling rapidly) to avoid defaulting on U.S. bonds. In total, 80 million Americans, including retired Federal workers and disabled veterans, get monthly money from the US Treasury.

  • GAAP earnings per diluted share for the quarter were a record $3.03, up 106 percent from a year ago and up 31 percent from the previous quarter.
  • NVIDIA’s most recent quarterly dividend payment of $0.04 per share was made to shareholders on Thursday, September 28, 2023.
  • That Nvidia might overcome the law of large numbers for another decade or even two.

The portfolio’s past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500’s return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021. “The computer industry is going through two simultaneous transitions — accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA. SE is not a financial adviser and does not provide any individualized investment advice.

Nvidia (NVDA) Earnings Date

The most recent change in the company’s dividend was an increase of $0.0025 on Friday, February 15, 2019. NVIDIA’s most recent quarterly dividend payment of $0.04 per share was made to shareholders questrade fx on Thursday, September 28, 2023. Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news.

Nvidia (NVDA) Beats Q1 Earnings and Revenue Estimates

NVIDIA has not confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, November 15th, 2023 based off last year’s report dates. In bear markets, stocks return to their rightful owners” – JPMorgan. And it’s suffered far worse in the past, including bear markets that took 8.5 years for investors to break even. What is The Coca-Cola Company’s (KO) brand, moat, management quality, dividend-friendly corporate culture and 60-year dividend growth streak, and 103-year overall dividend track record worth?

What were the latest earnings per share (EPS) for NVIDIA (NASDAQ:NVDA)?

Later, in 199, the company will invet the GPU and change the world of computing forever. The GPU will not only enhance the graphics capabilities of the fusion markets forex broker PC but lead to accelerated-computing and AI as well. NVIDIA was founded in 1993 by three friends and is headquartered in Santa Clara, California.

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. That marked at least the eighth consecutive quarter that the company has topped analysts’ earnings projection. This software developer is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of +325%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

NVIDIA will pay its next quarterly cash dividend of $0.04 per share on June 30, 2023, to all shareholders of record on June 8, 2023. Keep in mind that a stock tends to be extra sensitive to market news if it rallies by more than 10% after the previous earnings call. Also worth noting is that a 10% decline after the previous earnings call is a strong indicator that the stock has a lot of bearish potential. In this case, the stock will be extra sensitive to good news which means that it will have some potential upside if good news is released. NVIDIA will pay its next quarterly cash dividend of $0.04 per share on July 1, 2022, to all shareholders of record on June 9, 2022.

This helps explain why each stock was selected and why we believe it’s a good pick for the long-term. Revenue in the second quarter doubled from $6.7 billion a year earlier and increased 88% from the prior period. 783 employees have rated NVIDIA Chief Executive Officer Jen-Hsun Huang on Glassdoor.com. Jen-Hsun Huang has an approval rating of 99% among the company’s employees. This puts Jen-Hsun Huang in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

For instance, if an analyst raised their earnings outlook last month, they’ll probably do so again this month, and other analysts will follow. “We delivered record results in Data Center and Gaming against the backdrop of a challenging macro environment,” said Jensen Huang, founder and CEO of NVIDIA. “The effectiveness of deep learning to automate intelligence is driving companies across industries to adopt NVIDIA for AI computing. Data Center has become our largest platform, even as Gaming achieved a record quarter. “We are gearing up for the largest wave of new products in our history with new GPU, CPU, DPU and robotics processors ramping in the second half. 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.

The Actual Revenue was $13.5B, which beat the estimate of $11.2B. Momentum traders chasing Nvidia into earnings, you’ve been warned. You’re picking up pennies in front of a steamroller that’s accelerating. The economic music is faltering, and Nvidia’s glorious symphony could be about to end in spectacular fashion on earnings night. And just in case you don’t realize how hyper-volatile this stock is, even when not in a bubble, here’s a 3rd reminder. But I can tell you that all of the data right now says that Nvidia is at EXTREME risk of missing expectations and issuing disappointing guidance.

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