Nvidia November Earnings Report

Nvidia ($NVDA) Earnings Are Out!

Here's a breakdown of everything you need to know following their Q3 report. 

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📰 Headline Numbers

Nvidia released its earnings press release at 4 p.m. EST, sending the stock down by about 2% just five minutes later.

  • EPS of $0.58, missing expectations of $0.70

  • Revenue of $5.93 billion, beating expectations of $5.8 billion

  • ADJ Gross Margin of 56.1%, missing expectations of 64.9%

🔮 Forward Guide

Q4 Revenue of $6B +/- 2%, in line with expectations of $6.09 billion

We are quickly adapting to the macro environment, correcting inventory levels and paving the way for new products.”

- Nvidia Founder and CEO Jensen Huang

📊 Nvidia by the Numbers

  • Data center revenue of $3.83 billion, beating expectations of $3.79 billion

  • Gaming Revenue of $1.57 billion, beating expectations of $1.32 billion

☎️ Earnings Call

Nvidia's earnings call starts at 5PM ET, you can watch for yourself here!

Check back later, I will add some headlines from the call 🫡

🚨 Updates

  • 4:45 p.m. EST: Nvidia is up about 2% in after-hours heading into the earnings call

  • 5: 12 p.m. EST: Nvidia says gaming demand is solid in the North American region and weaker in the Asia-Pacific region.

  • 5: 29 p.m. EST: Nvidia says it believes channel inventories are on track to approach normal levels exiting Q4.

  • 6:26 p.m. EST: Nvidia says don't expect to see blockchain being an important part of their business down the road.

💰 Dividend

Nvidia maintained its quarterly dividend of $0.04 per share.

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