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.

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