- Second-quarter revenue soared to $30.04 billion, compared to $13.51 billion the same quarter last year, beating the estimate of $28.86 billion.
- Data center revenue surged to $26.3 billion from $10.32 billion year-over-year, surpassing the estimate of $25.08 billion.
- Professional Visualization revenue climbed 20% year-over-year to $454 million, slightly above the estimate of $451.1 million.
- Automotive revenue increased by 37% year-over-year, reaching $346 million, just below the estimate of $347.9 million.
- Adjusted gross margin improved to 75.7%, compared to 71.2% last year, and beat the estimate of 75.5%.
- R&D expenses jumped by 51% year-over-year to $3.09 billion, close to the estimate of $3.08 billion.
- Adjusted operating expenses rose by 52% year-over-year to $2.79 billion, slightly below the estimate of $2.81 billion.
- Adjusted operating income reached $19.94 billion, up from $7.78 billion last year, exceeding the estimate of $18.85 billion.
- Adjusted EPS stood at 68 cents.
- Free cash flow more than doubled to $13.48 billion, compared to $6.05 billion last year.
- Full-year gross margins are expected to be in the mid-70% range.
- Full-year operating expenses are projected to increase in the mid- to upper-40% range.
- Analyst recommendations include 66 buys, 8 holds, and 0 sells.
NVIDIA Corp on Smartkarma
Analyst coverage of NVIDIA Corp on Smartkarma is diverse, with varying sentiments from top independent analysts. For instance, Jesus Rodriguez Aguilar, in the report titled “All Eyes on Nvidia,” expresses a bullish outlook on NVIDIA’s upcoming second-quarter figures. Aguilar highlights the stock’s impressive 155% year-to-date return and emphasizes the importance of the upcoming earnings release in determining the stock’s future trajectory.
On the other hand, Joe Jasper adopts a more cautious stance in their analysis. In the report “Upgrading Utilities to Overweight; Expecting $SPX to Roll Over; NVDA and SMH Topping?,” Jasper raises concerns about a potential market topping pattern and recommends reducing risk exposure. Despite this cautious sentiment, Uttkarsh Kohli remains optimistic in the report “[Q2 Earnings Preview] NVIDIA To Maintain AI GPU Leadership As Revenues Surge,” projecting a significant revenue increase for NVIDIA driven by AI GPU leadership and data center growth. The conflicting analyst sentiments provide investors with a range of perspectives to consider when evaluating their positions on NVIDIA Corp.
A look at NVIDIA Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
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NVIDIA Corporation, a company known for its innovative three dimensional (3D) graphics processors and software, seems to have a promising long-term outlook based on its Smartkarma Smart Scores. With a top score of 5 in Growth and Momentum, NVIDIA is positioned well for future expansion and market performance. This suggests that the company is focused on increasing its market share and maintaining an upward growth trajectory, which could attract investors seeking long-term returns.
Although NVIDIA received lower scores of 2 in both Value and Dividend, its impressive scores of 4 in Resilience and 5 in Momentum indicate that the company is resilient to market fluctuations and possesses strong upward momentum. This combination of factors suggests that NVIDIA is well-positioned to capitalize on future opportunities and potentially deliver strong performance over the long term.
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Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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