Meanwhile, a disappointing earnings report could lead to a break of support in the $165 area and open the door for more downside toward $150 or even the May 2021 lows in the $165 zone if risk appetite continues to ebb. If earnings come out better than anticipated, the stock is likely to break out of its bearish channel and move back toward its monthly high near $200. More recently, the stock has been falling within a descending channel since the start of April, though bulls are trying to protect the 78.6% Fibonacci retracement of the 2019-2021 rally near $165 as we go to press. Comparing to itself, NVDA is roughly at its average historical valuation, suggesting that it may be a good time for long-term investors to pick up shares of a great, cutting-edge company at a reasonable valuation if earnings and guidance are able to meet/exceed expectations.Īs the chart below shows, NVDA’s stock has had a rough six months, with the tech giant losing roughly 50% of its value from its November 22nd intraday peak near $350. Looking at forward P/E ratios, NVDA still trades at a 30 multiple, dwarfing rivals like AMD (forward P/E of 22), Texas Instruments (19), Intel (12), Qualcomm (10) and Micron Technology (6). Meanwhile, on the valuation front, NVDA continues to command a “best in breed” premium over its smaller rivals. Traders will be on the lookout for any signals that the supply-demand balance for chips is shifting in this quarter’s earnings report. While that would certainly bode well for sales volumes moving forward, it could cut into average selling prices (ASP) and may hurt the company’s impressive profit margins. Last month, Nvidia noted that its graphics processing units (GPUs) are ‘restocked and reloaded’, hinting that the worst of the chip shortage may be behind the company. Not surprisingly, the chipmaker has seen its sales grow 6X in the last nine years, from $4.3B in 2013 to nearly $22B in 2022.Įxpectations remain elevated for this quarter, with traders expecting both revenue and earnings to rise by more than 40% year-over-year, but the proverbial “elephant in the room” will be the global semiconductor shortage. If you tried to invent a business to capitalize on exciting secular technology trends like gaming, artificial intelligence, data centers, autonomous car development, cryptoasset mining, and 5G communication technology, you would create Nvidia. What are analysts expecting for NVDA earnings?Ĭonsensus analyst expectations are for the company to report $1.20 in EPS on $8.1B in revenue. ET.Nvidia is scheduled to release earnings after the markets close on Wednesday May 25. You can watch the call live on the Shacknews Twitch channel and on-demand later today on the Shacknews YouTube channel today at 2:00 p.m. We'll have more on NVIDIA, as the company prepares to hold its Q1 2023 earnings call. NVIDIA has also noted the advancements to GeForce NOW, which now features RTX 3080-class streaming, a larger library, and even the ability to access Fortnite on mobile devices, which now offers one of the only ways to play the battle royale on iOS. The company also hailed its revenue from its gaming division, noting that it has overcome many of the challenges created by the ongoing supply chain crisis to record a substantial $3.62 billion revenue, which is up from 31 percent at this time one year ago. The company will aim to push forward on AI, graphics, robotics, and self-driving cars. NVIDIA expects to ramp up several of its divisions in the second half of 2022, including new GPU, CPU, DPU, and robotics processors. EPS came in at $1.36 per share, which passed the Wall Street consensus estimates of $1.20 per share. Revenue came in at $8.29 billion, which is more than the initial projected $8.12 billion that was expected. Non-GAAP earnings per diluted share were $1.36, up 49% from a year ago and up 3% from the previous quarter. GAAP earnings per diluted share for the quarter were $0.64, down 16% from a year ago and down 46% from the previous quarter, and include an after-tax impact of $0.52 related to the $1.35 billion Arm acquisition termination charge. NVIDIA (NASDAQ: NVDA) today reported record revenue for the first quarter ended May 1, 2022, of $8.29 billion, up 46% from a year ago and up 8% from the previous quarter, with record revenue in Data Center and Gaming. Here is the statement from the NVIDIA investor relations website: The news appears to be mostly good, as the company has surpassed its revenue and EPS expectations. NVIDIA ($NVDA) has reported in with its earnings for Q1 2023.