Stock Analysis

NVIDIA Third Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

  •  Updated
NasdaqGS:NVDA
Source: Shutterstock

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).
earnings-and-revenue-growth
NasdaqGS:NVDA Earnings and Revenue Growth November 18th 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.

View Full Analysis

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

View all Risks and Rewards

Share Price

Market Cap

1Y Return

View Company Report

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 AreaScore (0-6)
Valuation0
Future Growth5
Past Performance2
Financial Health5
Dividends0

Read more about these checks in the individual report sections or in our analysis model.

High growth potential with excellent balance sheet.