Management's guidance, relative to Wall Street's expectations, will likely be the biggest factor in the market's reaction to Nvidia's upcoming report. It's a sure thing that the top management team will discuss the Omniverse, Nvidia's platform for enabling companies to build their metaverses. Nvidia's quarterly earnings calls (and its earnings releases, for that matter) put those of most other companies to shame, so I highly recommend that investors listen to these calls. And on last quarter's earnings call, CFO Colette Kress said, "We also expect our CMP product to decline quarter-on-quarter to very negligible levels in Q4." But pay attention to the discussion about the metaverse Putting some numbers next to the prior statement, last quarter, sales of the CMP added $105 million to Nvidia's coffers, down from $266 million in the prior quarter. Reiterating what I wrote in last quarter's earnings preview, investors shouldn't pay much attention to results in OEM and other because this category's sales can be expected to fluctuate considerably due to the extreme volatility in the cryptocurrency market. In recent quarters, a contributor to Nvidia's OEM category has been sales of its cryptocurrency mining processor (CMP), which launched in early calendar year 2021. Don't sweat the results of the OEM and other category
In the first, second, and third quarters of fiscal 2022, these two platforms together accounted for 85%, 83%, and 87%, respectively, of the company's total revenue. Nvidia's overall results are driven by results in its gaming and data center businesses. QOQ = quarter over quarter.Īs always, investors should focus on the two largest platforms. OEM = original equipment manufacturer not a target market platform. Wall Street had been looking for fiscal Q3 revenue and adjusted EPS of $6.82 billion and $1.11, respectively, so Nvidia surpassed both expectations.ĭata source: Nvidia.
EPS on the basis of generally accepted accounting principles ( GAAP) soared 83% year over year to $0.97, and adjusted EPS surged 60% to $1.17.
WHEN IS NVDA EARNING REPORT PROFESSIONAL
Growth was driven by record revenue in the gaming, data center, and professional visualization platforms. **Calculated by the author based on the metrics for which management provides guidance.įor context, in fiscal Q3, Nvidia's revenue jumped 50% year over year (and 9% sequentially) to a record $7.10 billion. *Adjusted to reflect 4-for-1 stock split in July 2021, which increased share count by a factor of four. Fiscal Q4 2022 essentially corresponds with the November 2021 through January 2022 period. Wall Street's Fiscal Q4 2022 Consensus Estimateĭata sources: Nvidia and Yahoo! Finance. Here's what to watch in the company's upcoming report. 26, easily outpacing the S&P 500's return of 14.5% over this period. Nvidia stock has returned 69.6% over the one-year period through Jan. Nvidia doesn't need Arm for the company and its stock to continue to be long-term winners, as I've been writing for a couple of quarters. 25, news reports began rolling out saying that Nvidia is poised to give up pursuing this proposed deal, which has run into brisk regulatory headwinds. Investors shouldn't be concerned if management shares that the company is abandoning its attempt to acquire leading mobile-chip designer Arm, owned by Japan's SoftBank. In addition, investors will be eager to hear what management has to say on the earnings call about the Omniverse, which is Nvidia's platform for enabling companies to build out their metaverses. The company has beaten Wall Street's consensus earnings estimate in at least the past six consecutive quarters.
Investors in the graphics chip specialist will probably be approaching the report with optimism. An analyst conference call is scheduled for the same day at 5:30 p.m. Nvidia ( NVDA -2.44%) is slated to report its fourth-quarter and full-year results for fiscal 2022 (essentially the November 2021 through January 2022 period) after the market close on Wednesday, Feb.
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