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Nvidia Q4 FY23 Earnings Highlights
[Rewards] Nvidia surged as Q4 earnings top expectations. Has the inflection point of AI been reached?
Claim your Earnings Season offer by winning Rewards Points and discovering Investment Opportunities!
KEY Figures:
● Nvidia's Q4 revenue was $6.05 billion (v.s. 6.02 billion as consensus estimate), which decreased 21% year-on-year(YoY), but increased 2% from the previous quarter; Fiscal-year revenue was $27.0 billion, flat from a year ago.
● Non-GAAP earnings per diluted share for Q4 was $0.88 (versus expectations of $0.81), down 33% YoY, but up 52% from the previous quarter.
● Quarterly GAAP net income was $1,414 million, which decreased 53% YoY, but doubled from the previous quarter.
● During Q4 FY 23, NVIDIA returned $1.15 billion to shareholders in share repurchases and cash dividends, bringing the yearly return to $10.44 billion.
● For the Q1 FY24 Outlook, revenue is expected to be $6.50 billion, plus or minus 2%.
● For the Q1 FY24 Outlook, GAAP and non-GAAP gross margins are expected to be 64.1% and 66.5%, respectively, plus or minus 50 bps.
More statistics:
KEY Points:
● Nividia announced NVIDIA A100 Tensor Core GPUs, which showed large throughput and low latency in the latest STAC-ML benchmarks for financial services. Data center revenue, which includes AI chips, was up 11% on an annual basis to $3.62 billion.
● In Gaming sector, Nvidia unveiled the GeForce RTX™️ 40 Series for laptops. Besides, the company signed a 10-year agreement with Microsoft to bring its Xbox PC game lineup. Following the close of Microsoft's Activision acquisition, GeForce NOW will add titles like Call of Duty and Overwatch.
● In Professional Visualization sector, Nvidia announced a collaboration with Lockheed Martin to build a digital twin of global weather conditions. The sector's fiscal-year revenue was down 27% to $1.54 billion.
● For Automotive and Embedded businesses, the company has released a major update to its NVIDIA Isaac Sim™️ robotics simulation tool. This includes AI capabilities and cloud access that enable building and testing virtual robots in realistic environments.
● Backed by ChatGPT's tailwind, investors are optimistic about the potential of generative AI technology. But stocks' valuation can not be overlooked, which could be an important factor for investors' overall returns.
The KEY in your hands:
By February 23, 2022, NVDA shares had risen more than 40% since the beginning of 2023, outpacing the S&P 500 (.SPX), which was up about 4% during the same period (Source: moomoo APP).
How do you see Nvidia currently? What's your opinion or analysis about it? Speak out with mooers and get inspired by sharing!
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2) Participation Reward: We will provide 60 points for everyone who comments here with relevant posts over 15-word. For sure, any comment is welcome!
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Disclaimer
Comments above are made available for informational purposes only. Before investing, please consult a licensed professional. *Source of data: https://www.sec.gov/ix?doc=/Archives/edgar/data/1045810/000104581023000014/nvda-20230222.htm# This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Before investing, please consult a licensed professional. See this link for more information.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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BoyuanZhao :
sungkar2021 : empty it, 235-168
Deep Value BoyuanZhao : Better than expectations
BoyuanZhao Deep Value : For a perfect score of 100, draw a pass line to 40, and take the 50-point test, take the Shida Puben exam
71084251 BoyuanZhao : hit the nail on the head
Vogenator : NVDA will always be a major player in the chip market and with previous growth will provide future opportunities through artificial intelligence. I'm looking forward to what Nvidia and other tech companies can accomplish
151338587 : Sheng Ji will decline, nothing to say
gunners80 : nvda is the top dog and leader in advance chips for AI processing.
GodSpeed289 : NVIDIA stock has staged a strong recovery in 2023.
As a leading chipmaker with exposure to top-end markets in data centres and gaming, NVIDIA is definitely moving in the positive direction, alongside with the company AI ambition.
During recent earning results, the company is very optimistic about its business outlook by issuing Q1 2024 sales figure guidance to USD$6.5 billion +/-2%, originally expected at USD6.3 billion. Such heightened outlook may be the direct result of its active investment in AI.
Nvidia believes AI tech is “at an inflection point” through the investment in the likes of ChatGPT and other AI-driven products. With AI technology now trending so heavily, NVIDIA feels strongly about the groundwork it has already laid in the space with much of its investment and development, good revenues are generally expected.
The fabless chipmaker is also expanding in growth areas, such as data centres, automated electric cars, and cloud gaming. The adoption of metaverses and cryptocurrencies could further increase demand for Nvidia chips.
The only party stopper will be the macroeconomic uncertainties and risk of a global recession.
shy Cheetah_0241 : AI has not even started yet. Musk and tesla are some of the leaders no one talks about. Wait till Nero link is available then watch the direction of ai. Ai now is like the type righter to the computer. We are unable to fathom the advancements we will see in our life’s what will our grand kids see in there’s it is crazy if you think about it. The big players know ai is the next big thing. We have country’s trying to make sure they are the ones in control of the technology. Once AI is as available as a cell phone the world will never be the same.
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