Nvidia Smashes Estimates With Record Revenue And Blowout Guidance; Stock Jumps
Heading into NVDA's earnings, we said that all else equal, the bare minimum for the stock - which has underperformed peers rather dramatically in recent months - to outperform, was to (solidly) beat expectations of another 2+2 quarter, i.e., beat the guide by $2BN and beat Street expectations for the April quarter guide by $2BN.
What they got was a blowout 2.2+5: Q4 revenues beating by $2.2BN and guidance beating the midpoint by about $5BN
Here are the details from the just completed Q4:
Adjusted EPS $1.62, beating estimate $1.53
Revenue $68.13 billion, +73% y/y, blowing away estimates of $65.91 billion by $2.2BN
Data center revenue $62.31 billion, +75% y/y, smashing estimate $60.36 billion
Compute revenue $51.33 billion, +58% y/y, missing estimate $51.61 billion
Networking revenue $10.98 billion vs. $3.02 billion y/y, beating estimate $9.02 billion
Gaming revenue $3.73 billion, +49% y/y, missing estimate $4.01 billion
Professional Visualization revenue $1.3 billion vs. $511 million y/y, beating estimate $770.7 million
Automotive revenue $604 million, +6% y/y, missing estimate $643.2 million
OEM & other revenue $161 million, +28% y/y, missing estimate $179.4 million
According to the company, Data Center revenue was driven by ...
Continue Reading »