He contends that data center trends should “remain solid” in 2022, with artificial intelligence and machine learning still in the early innings. “And we would expect guidance will also be robust, with a strong likelihood that Nvidia does not forecast a seasonal dip in sales as anticipated by Street numbers.”Ĭiti analyst Atif Malik wrote in a research note ahead of the quarterly results that investor focus would likely be on data center growth, the state of supply constraints, and gaming demand outlook for 2020. “We expect another quarter of data center upside, with the magnitude of growth likely continuing to be dictated by supply challenges rather than any shortage of end demand,” Bryson wrote. Wedbush analyst Matt Bryson wrote in a research note previewing the quarter that Nvidia was likely to post “another strong quarter and guide.” But he maintained a Neutral rating on the shares, citing concerns about valuation. Analysts, on average, are guiding for slightly higher earnings of 1.11 per share up 52.1 year-over-year. In the past nine quarters, the company has beaten estimates nine times. Adjusted earnings per share came in at 0.51, which beat analysts’ consensus estimate of 0.50 per NVDA share. Revenue from the professional visualization segment was $643 million, up 109%, while the automotive and robotics segment was $125 million, down 14% from a year ago. Bryson is anticipating earnings per share (EPS) of 1.10 and revenues of 6.8 billion. Shares of Nvidia ( NVDA) were down in the after-hours session after the company reported earnings for its second quarter of Fiscal Year 2023. Nvidia said gaming revenue in the January quarter was $3.42 billion, up 37% from a year ago, while data center revenue was $3.26 billion up 71%. Nvda stock earnings software#“Nvidia is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics-some of today’s most impactful fields.” He added that the company is entering the new fiscal year “with strong momentum across our businesses and excellent traction with our new software business models.” “We are seeing exceptional demand for Nvidia computing platforms,” Huang said in a statement.
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