- Nvidia reported a third-quarter revenue of $35.08 billion, surpassing the estimate of $33.25 billion and showing a 94% increase year-over-year.
- Data center revenue reached $30.8 billion, significantly higher than last year’s $14.51 billion, and exceeded the estimate of $29.14 billion.
- Gaming revenue increased by 15% year-over-year to $3.3 billion, beating the estimate of $3.06 billion.
- Professional Visualization revenue rose by 17% year-over-year to $486 million, slightly above the projected $477.7 million.
- Automotive revenue surged by 72% year-over-year to $449 million, surpassing the estimate of $364.5 million.
- The adjusted gross margin stands at 75%, consistent with the previous year and in line with estimates.
- Adjusted operating expenses increased by 50% year-over-year to $3.05 billion, slightly surpassing the estimate of $2.99 billion.
- Adjusted operating income more than doubled to $23.28 billion from $11.56 billion year-over-year, exceeding the estimate of $21.9 billion.
- Adjusted earnings per share (EPS) were 81 cents, higher than the expected 74 cents.
- Market analysts have issued 68 buy ratings, 6 hold ratings, and 2 sell ratings for Nvidia.
NVIDIA Corp on Smartkarma
Analysts on Smartkarma have been closely monitoring NVIDIA Corp, the AI and computing giant, assessing various aspects of its business.
Baptista Research has published several reports on NVIDIA, highlighting concerns about the company’s Blackwell architecture chips facing overheating issues, as well as examining the potential risks posed by escalating tensions between the U.S., Taiwan, and China. On a more positive note, the research also delves into NVIDIA’s impressive financial performance and its potential to redefine AI computing with the latest Blackwell GPU. Additionally, analyst Joe Jasper has expressed a bullish outlook on large- and mid-cap stocks, emphasizing constructive market dynamics and the recent bullish breakout of the S&P 500. The insights from these analysts offer a comprehensive view of the opportunities and challenges facing NVIDIA in the ever-evolving tech landscape.
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
In assessing the long-term outlook for NVIDIA Corp using Smartkarma Smart Scores, it appears that the company is positioned favorably for growth and momentum based on a high growth score of 5 and momentum score of 5. This suggests that NVIDIA is expected to continue expanding and gaining market traction in the coming years, potentially driving shareholder value. Additionally, the company demonstrates a solid level of resilience with a score of 4, indicating a capacity to withstand challenges and maintain stability. However, NVIDIA’s value and dividend scores are rated lower at 2 each, signaling that investors may not find the stock particularly undervalued or attractive for income-seeking purposes.
Overall, NVIDIA Corporation, known for designing, developing, and marketing 3D graphics processors and software, appears well-positioned for growth and momentum in the long term according to the Smartkarma Smart Scores. With a strong emphasis on innovation and technological advancement in the mainstream personal computer market, NVIDIA’s high scores in growth and momentum underscore its potential to continue expanding its market presence and driving future success.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
