NVIDIA Corp

NASDAQ:NVDA   3:59:59 PM EDT
131.29
-0.80 (-0.61%)
5:29:27 PM EDT: $127.36 -3.93 (-2.99%)
Negative Earnings Pre-Announcement

Nvidia Announces Financial Results For Second Quarter Fiscal 2023

Published: 08/24/2022 21:23 GMT
NVIDIA Corp (NVDA) - Nvidia Announces Financial Results for Second Quarter Fiscal 2023.
Quarterly Revenue of $6.70 Billion, Up 3% From a Year Ago.
Qtrly Data Center Revenue of $3.81 Billion, Up 61% From a Year Ago.
Sees Q3 Revenue is Expected to Be $5.90 Billion, Plus Or Minus 2%.
Qtrly Earnings per Share $0.26.
Sees Q3 GAAP and Non-GAAP Gross Margins Are Expected to Be 62.4% and 65.0%, Respectively, Plus Or Minus 50 Basis Points.
Qtrly Adjusted Earnings per Share $0.51.
Qtrly GAAP Gross Margin 43.5%.
Qtrly Non-GAAP Gross Margin 45.9%.
Second-quarter Automotive Revenue Was $220 Million, Up 45% From a Year Ago and Up 59% From Previous Quarter.
Second-quarter Gaming Revenue Was $2.04 Billion, Down 33% From a Year Ago and Down 44% From Previous Quarter.
Qtrly Revenue Was Lower Than Our Outlook Issued in May Primarily Due to Weaker Gaming Revenue.
Qtrly Data Center Revenue Was Somewhat Short of Our Expectations, As It Was Impacted by Supply Chain Disruptions.
GAAP and Non-GAAP Gross Margin Decreases in Quarter Were Primarily Due to a $1.34 Billion Charge.
Nvidia - Qtrly GAAP Operating Expense Includes a $1.35 Billion Acquisition Termination Charge Related to the Arm Transaction in the Prior Quarter.
$1.34 Billion Charge in Quarter Comprised of $1.22 Billion for Inventory and Related Reserves and $122 Million for Warranty Reserves.
Q2 Earnings per Share View $1.26, Revenue View $8.10 Billion -- Refinitiv Ibes Data (analyst estimates).
Q3 Revenue View $6.95 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $5.96 Billion
Adjusted EPS is expected to be $0.73

Next Quarter Revenue Guidance is expected to be $6.27 Billion
Next Quarter EPS Guidance is expected to be $0.80

More details on our Analysts Page.