NVIDIA Third Quarter 2024 Earnings: Beats Expectations

NVIDIA (NASDAQ:NVDA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$18.1b (up 206% from 3Q 2023).
• Net income: US$9.24b (up by US$8.56b from 3Q 2023).
• Profit margin: 51% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$3.75 (up from US$0.27 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

NVIDIA Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with NVIDIA.

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