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.
The company's share price is broadly unchanged from a week ago.
You should learn about the 2 warning signs we've spotted with NVIDIA.
What are the risks and opportunities for NVIDIA?
Earnings are forecast to grow 27.57% per year
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
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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)|
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High growth potential with excellent balance sheet.