Stock Analysis
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- NasdaqGS:NVDA
NVIDIA Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags
NVIDIA (NASDAQ:NVDA) Third Quarter 2023 Results
Key Financial Results
- Revenue: US$5.93b (down 17% from 3Q 2022).
- Net income: US$680.0m (down 72% from 3Q 2022).
- Profit margin: 12% (down from 35% in 3Q 2022). The decrease in margin was primarily driven by lower revenue.
- EPS: US$0.27 (down from US$0.99 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NVIDIA Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with NVIDIA.
What are the risks and opportunities for NVIDIA?
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally.
Rewards
Earnings are forecast to grow 27.57% per year
Risks
Significant insider selling over the past 3 months
Profit margins (20.9%) are lower than last year (33.8%)
Large one-off items impacting financial results
Further research on
NVIDIA
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About NasdaqGS:NVDA
NVIDIA
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally.
The Snowflake is a visual investment summary with the score of each axis being calculated by 6 checks in 5 areas.
| Analysis Area | Score (0-6) |
|---|---|
| Valuation | 0 |
| Future Growth | 5 |
| Past Performance | 2 |
| Financial Health | 5 |
| Dividends | 0 |
Read more about these checks in the individual report sections or in our analysis model.
High growth potential with excellent balance sheet.
