Nvidia Third-Quarter Earnings Stay Weblog
Following its newest run-up, Nvidia’s inventory is up greater than 125% in 2021, positive factors that depart the GPU big sporting a $740 billion market cap.
Buyers are clearly anticipating Nvidia to as soon as extra submit sturdy numbers when it studies after the bell on Wednesday.
Amongst analysts polled by FactSet, the consensus for Nvidia to report October quarter (fiscal third quarter) income of $6.82 billion (up 44% yearly) and non-GAAP EPS of $1.11 (up 52%).
Nvidia sometimes supplies quarterly gross sales steerage in its studies. For the January quarter, Nvidia’s income consensus stands at $6.89 billion (up 38% yearly).
Eric Jhonsa, Actual Cash’s tech columnist, can be live-blogging Nvidia’s report, which can be posted at 4:20 p.m. Japanese Time, together with an earnings name scheduled for five p.m.
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4:44 PM ET: Concerning gaming GPU gross sales, Nvidia says almost all of its Ampere-architecture GeForce desktop GPU shipments now encompass GPUs with restricted mining hash charges, because it tries to direct GeForce provide to players.
4:40 PM ET: Nvidia’s non-GAAP gross margin was 67% — up 30 bps Q/Q and 150 bps Y/Y, and in-line with steerage. The corporate’s FQ4 GM steerage can be at 67% (+/- 50 bps).
4:38 PM ET: Shares are principally holding onto their AH positive factors: They’re at the moment up 2.5%.
4:36 PM ET: In opposition to a backdrop of very tight wafer provide, Nvidia continues making huge chip buy commitments with foundry companions TSMC and Samsung: Its excellent stock buy and long-term provide obligations totaled $6.9B at quarter’s finish, up from $4.79B three months earlier and simply $2.57B twelve months earlier.
Nvidia provides that it made $1.64B value of advance funds within the quarter associated to new provide agreements, and can make future funds of $1.79B associated to them.
4:33 PM ET: Nvidia on the Arm deal: “Though regulators and a few Arm licensees have expressed considerations or objected to the transaction, we proceed to consider within the deserves and advantages of the acquisition to Arm, its licensees, and the trade.”
4:32 PM ET: This is a hyperlink to Nvidia’s FQ3 report. And this is a hyperlink to their CFO commentary.
4:31 PM ET: OEM & IP income, which amongst different issues covers low-end PC GPUs and cryptocurrency mining GPUs, got here in at $234M — down 43% Q/Q, up 21% Y/Y and above a $198M consensus.
4:27 PM ET: Skilled Visualization income (contains workstation GPU gross sales) rose 11% Q/Q and 144% Y/Y to $577M, beating a $537M consensus.
Automotive income (it covers infotainment processor gross sales and Nvidia’s Drive autonomous/ADAS platform) totaled $135M, down 11% Q/Q and up 8% Y/Y. That is beneath a $162M consensus.
4:23 PM ET: Gaming income (it covers gaming GPUs and sport console SoCs) rose 5% Q/Q and 42% Y/Y to $3.22B, topping a $3.13B consensus.
Knowledge Heart income (it contains server GPUs, DGX servers and Mellanox’s networking merchandise) rose 24% Q/Q and 55% Y/Y to $2.94B, beating a $2.74B consensus.
4:21 PM ET: Shares are up 3.2% after hours to $302.00.
4:21 PM ET: Nvidia guides for FQ4 income of $7.4B, +/- 2%. That is above a $6.89B consensus.
4:20 PM ET: Outcomes are out. FQ3 income of $7.10B beats a $6.82 consensus. Non-GAAP EPS of $1.17 beats a $1.11 consensus.
4:16 PM ET: Consensus income estimates for Nvidia’s enterprise segments:
Gaming – $3.13B
Knowledge Heart – $2.74B
Professional Visualization – $537M
Automotive – $162M
OEM & IP – $198M
4:09 PM ET: Additionally more likely to be carefully watched: Any updates Nvidia shares about its deal to purchase CPU IP big Arm. Yesterday, the U.Okay. introduced it’s going to conduct a “Part 2” probe of the deal’s antitrust and nationwide safety implications. And in August, Nvidia stated the deal is unlikely to shut by its authentic March 2022 ETA.
4:05 PM ET: From all indications, Nvidia nonetheless has all of the demand it may well deal with proper now: Gaming GPUs stay out of inventory and promoting for giant aftermarket premiums, and Web/cloud giants (the proverbial hyperscalers) proceed making big AI-related investments.
Because of this, any feedback Nvidia shares concerning the GPU provide scenario (whether or not for the remainder of this yr or 2022) can be carefully watched. Another main fabless chip builders, equivalent to Qualcomm and AMD, have indicated they’ve seen some enchancment in wafer provide.
3:58 PM ET: Nvidia is heading into the shut down 3.1% on the day. However shares are nonetheless up 122% YTD and greater than 30% simply within the final month. These positive factors depart Jensen Huang’s firm sporting a $733B market cap.
3:55 PM ET: Amongst analysts polled by FactSet, the consensus is for Nvidia to submit FQ3 income of $6.82B, GAAP EPS of $0.90 and non-GAAP EPS of $1.11, and to information for FQ4 income of $6.89B. Casual expectations are doubtless larger.
3:51 PM ET: Hello, that is Eric Jhonsa. I will be live-blogging Nvidia’s FQ3 report (due at 4:20 PM ET) and name (set for 5PM).
