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

📊 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.