Data sources: NVIDIA and Yahoo!
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On last quarter's earnings call, CFO Colette Kress outlined the three main reasons for gaming's poor showing: First, post-crypto [post-cryptocurrency bust] inventory of GPUs in the channel caused us to reduce shipments in order to allow access channel inventory to sell through. Market data powered by FactSet and Web Financial Group. The primary culprit was the gaming platform's big revenue decline, though data center's weak growth was a contributing factor.
Finance.
Earnings estimates for NVDA from thousands of professional and amateur analysts who contribute to a open, crowdsourced estimate data set. Our data set and alpha producing models are growing stronger every quarter. So, you should know that Wall Street is projecting Q2 revenue of $2.55 billion and adjusted EPS of $1.12, representing declines of about 19% and 42%, respectively, year over year.
Moreover, another headwind is potentially on the horizon due to the United States' escalating trade war with China. You can sign up for additional subscriptions at any time. This list may be updated from time to time.
This is troublesome as China is NVIDIA's second-largest market behind the U.S. Stock Advisor launched in February of 2002. Let's conquer your financial goals together...faster. This list may be updated from time to time. Copyright © 2020 Estimize. The discounting of RTX cards, in particular, is worrisome, as cards in this line only began rolling out last fall. Download, follow and add "NVIDIA Corporation" earnings calls to your podcast at EarningsCast. Nonetheless, as of Friday's close, the stock price is still nearly 42% lower than its all-time closing high of $289.36, set on Oct. 1, 2018.
After submitting your information, you will receive an email. NVIDIA Earnings: What to Watch on ... NVIDIA (NASDAQ:NVDA) ... with revenue falling 24%, earnings per share plummeting 48%, and EPS adjusted for one-time items plunging 53% year over year. Accordingly, investors should monitor these accounts and the blog, in addition to following our press releases, SEC filings and public conference calls and webcasts. All information provided "as is" for informational purposes only and is not intended for trading purposes or as advice. Gaming is NVIDIA's largest platform -- it accounted for about 43% of total revenue last quarter -- so its results have a huge effect on the company's overall results. In the first three quarters of last fiscal year, the platform's revenue grew 71% (Q1), 83% (Q2), and 58% (Q3) year over year. Factset, Investors and others should note that we announce material financial information to our investors using our investor relations website, press releases, SEC filings and public conference calls and webcasts.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Up some 110% year to date, Nvidia shares have surged 70% in … earnings report dates provided by ... 70% of the time This graph shows the percentage of time that Estimize has been more accurate than Wall Street since we began collecting data in 2012.
All Rights Reserved. The information we post through these social media channels may be deemed material. These products deliver a revolutionary leap in performance and innovation with real-time ray tracing and AI [artificial intelligence] [capabilities], but some customers may have delayed their purchase while waiting for lower price points or further demonstration of the RTX technology in actual games. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. This list may be updated from time to time. DATA SOURCE: NVIDIA. Moreover, another headwind is potentially on the horizon due to the United States' escalating trade war with China. *OEM AND IP = ORIGINAL EQUIPMENT MANUFACTURER AND INTELLECTUAL PROPERTY. That said, keep in mind that estimates are just that: estimates. Last quarter's results were a train wreck, with revenue falling 24%, earnings per share plummeting 48%, and EPS adjusted for one-time items plunging 53% year over year. That was up from 3,329 funds in March. The "good" news is that these anticipated declines aren't as steep as what the Street is expecting for the first quarter. Unless CEO Jensen Huang has some superhuman powers that we don't know about, there's nothing NVIDIA can do about macroeconomic factors.
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Neither Estimize nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for actions taken in reliance on information contained herein. NVIDIA is running several discounts on its RTX graphics cards and some other gaming products in May and June, and Amazon and a few other retailers are also running concurrent sales on NVIDIA GeForce GTX and RTX graphics cards, Polygon reported last week. The Estimize Consensus is consistently more accurate and robust than traditional data sources of Wall Street consensus like Thomson Reuters I/B/E/S. NVDA stock has skyrocketed to all-time highs on anticipated better-than-expected Q2 chip demand. Factset, This graph shows the percentage of time that Estimize has been more accurate than Wall Street since we began collecting data in 2012. We expect channel inventories to normalize in Q1... Second, deteriorating macroeconomic conditions, particularly in China, impacted consumer demand for our GPUs. NVDA stock is a well-traded stock backed by institutions: 3,633 funds owned Nvidia as of June. Here Are 3 Stocks to Consider Buying in October, Copyright, Trademark and Patent Information. YOY = YEAR OVER YEAR. The transaction is expected to close by the end of the year.
Investors who are used to NVIDIA's go-go-growth need to significantly lower their expectations, at least for fiscal 2020. The graphics processing unit (GPU) specialist is going into its earnings report surrounded by much investor uncertainty. Nvidia (NVDA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Barchart Solutions Accordingly, investors should monitor these accounts and the blog, in addition to following our press releases, SEC filings and public conference calls and webcasts.
See you at the top! Last quarter, NVIDIA's data center platform's year-over-year growth significantly decelerated to 12%. So, investors' main focus should be on progress the company had made with respect to the first and third issues Kress outlined. We intend to use our @NVIDIA Twitter account, NVIDIA Facebook page, NVIDIA LinkedIn page and company blog as a means of disclosing information about our company, our services and other matters and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor these accounts and the blog, in addition to following our press releases, SEC filings and public conference calls and webcasts. The information we post through these social media channels may be deemed material.
In March, NVIDIA announced a $6.9 billion, all-cash deal to acquire the Israel- and Silicon Valley-based supplier of smart interconnect solutions and services for servers and storage. And third, sales of certain high-end GPUs using our new Turing architecture ... were lower than we expected for the launch of a new architecture. In 2019, shares of NVIDIA have returned 26.6%, versus the S&P 500's 15.8% return. QOQ = QUARTER OVER QUARTER. (to see all exchange delays and terms of use please see disclaimer) with fundamental company data provided by Morningstar and Zacks Investment Research. In Q1, the best we can hope for is that the damage isn't too bad in gaming, there's at least a little improvement in data center, and that auto and professional visualization play platform heroes like they did last quarter. economic indicators (actuals and report dates) provided by Here are the year-ago period's results and Wall Street's estimates to use as benchmarks. Fundamental company data (actuals, guidance) provided by By accessing the Estimize site you agree not to redistribute the information found therein. Indications are that gaming's woes are going to continue.
Last quarter, gaming's revenue plunged 45% year over year. YOY = year over year. Discounting so early on points to demand that is likely still relatively soft. Factset, This caution was widespread across verticals. And while 70% of companies beat their Wall Street consensus, only about half will beat Estimize in a given quarter. NVIDIA (NASDAQ:NVDA) is slated to report its first-quarter results for fiscal 2020 after the market close on Thursday, May 16. Effective May 10, the Trump administration increased tariffs on $, Cumulative Growth of a $10,000 Investment in Stock Advisor, NVIDIA Earnings: What to Watch on Thursday @themotleyfool #stocks $NVDA, How NVIDIA Will Try to Maintain Arm Neutrality, NVIDIA Stock Is "Going Into Overdrive," Says Analyst, The Crucial Market That Could Help NVIDIA Rule Computing, NVIDIA Will Use ARM Acquisition to Accelerate Next-Generation Data Centers, Got $5,000? To receive notifications via email, enter your email address and select at least one subscription below. For context, here's how the platforms performed last quarter: OEM and IP* (Not a target market platform).
Get full, premium, access to the Estimize platform and data analytics now! Get prepared with the key expectations. You must click the link in the email to activate your subscription. The information we post through these social media channels may be deemed material. Returns as of 10/10/2020. NVIDIA said a "number of deals in the company's forecast did not close in the last month of the quarter as customers shifted to a more cautious approach" due to concerns about a slowing economy. Wall Street's estimates don't include any contribution from Mellanox, as this acquisition hasn't closed yet. Wall Street estimates provided by
Effective May 10, the Trump administration increased tariffs on $200 billion in Chinese goods from 10% to 25%, with China saying it's prepared to retaliate.
The stock market is a forward-looking machine, so it's likely to reward or punish NVIDIA stock based more on the company's Q2 guidance than on Q1 results, relative to expectations. market data is at least 10-minutes delayed and hosted by
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