Core Insights - Analysts from Morgan Stanley have a favorable outlook on Nvidia, attributing its revenue growth to the migration of CPU workloads to GPU within existing applications [1] - The transformative AI use cases are still emerging, positioning Nvidia at the center of the next growth wave, with an "Overweight" rating and a $210 price target on NVDA stock [2] - Nvidia's management is not overly concerned about competition from AMD and OpenAI, as they believe no competitor offers the same full-stack approach and flexibility as Nvidia GPUs [3] Company Overview - Nvidia, based in Santa Clara, California, has achieved a market capitalization of $4 trillion, driven by high demand for its AI chips and supercomputers [4] - The company has ramped up production of its Blackwell AI supercomputers, generating billions in sales in Q1 2025 [4] - Nvidia introduced the GeForce RTX 50 Series GPUs, enhancing its AI capabilities, and secured a $100 billion partnership with OpenAI, reinforcing its leadership in the AI landscape [5] Stock Performance - Over the past 52 weeks, NVDA stock has increased by 26%, with a year-to-date rise of 35%, reaching a 52-week high of $195.62 on October 10 [6] - Currently, shares are down 7% from the 52-week high, and there was a 4.9% intraday decline on October 10 [6]

Core Insights - Nvidia is expected to report Q2 2026 earnings at the end of August, with analysts forecasting earnings of $1 per share, up from $0.68 year-over-year, and revenues projected to exceed $45.60 billion, reflecting over 50% year-over-year growth driven by strong demand for GPU chips in generative AI applications [2] - The company has a current market capitalization of $4.4 trillion, with total revenue of $149 billion over the past twelve months, operating profits of $86 billion, and a net income of $77 billion [3] - Historical trends indicate that Nvidia stock has risen 60% of the time following earnings releases, with a median one-day increase of 4.5% and a maximum observed increase of 24% [2][4] Earnings Performance - Over the last five years, Nvidia has recorded 20 earnings data points, with 12 positive and 8 negative one-day returns, resulting in a 60% occurrence of positive returns [4] - The median of positive returns is 4.6%, while the median of negative returns is -6.3% [4] - The percentage of positive returns drops to 58% when considering the last three years [4] Trading Strategies - Event-driven traders may benefit from historical trends by positioning themselves prior to earnings or responding to post-release movements [3] - A strategy involving correlation between short-term and medium-term returns post-earnings can be employed, particularly if 1D and 5D returns show strong correlation [5] - The performance of peer companies can also influence Nvidia's post-earnings stock reactions, as pricing may begin before earnings announcements [6]

Core Viewpoint - Nvidia's recent fiscal Q1 performance shows strong growth, but future growth sustainability is questioned due to market dynamics and valuation concerns [2][5][8] Financial Performance - Nvidia reported adjusted earnings of $0.96 per share on revenues of $44.1 billion for Q1, reflecting a 69% year-over-year increase in sales and a 57% growth in earnings [2] - The company's Q2 sales outlook of $45 billion missed Wall Street's estimates of around $46 billion, primarily due to an expected $8 billion impact from export restrictions on H20 chips to China [2] - Nvidia spent $14.1 billion on share repurchases and paid $244 million in dividends during the quarter [2] Segment Performance - Data center revenue reached $39.1 billion, marking a 73% year-over-year increase, while Gaming & AI PC revenue grew by 42%, Professional Visualization sales increased by 19%, and Automotive & Robotics revenue rose by 72% [3] - The growth was driven by strong demand for Nvidia's GPU chips, particularly in generative AI applications [3] Product Development - Nvidia has ramped up production of its Blackwell AI supercomputers, which have contributed significantly to revenue growth [4] - The Blackwell cloud is now available on major platforms including AWS, Google Cloud, Microsoft Azure, and Oracle Cloud Infrastructure, with Microsoft being a substantial buyer [4] Margin Analysis - Nvidia's gross margins were reported at 61%, down 1,790 basis points from 78.9% in the previous year, but would have been 71.3% excluding one-time charges from H20 sales restrictions [4] Growth Sustainability Concerns - Nvidia's revenue growth has exceeded 80% annually for the last three years, but there are concerns that this growth may decelerate to 60% or even 40% [6][8] - Major customers like Microsoft, Google, Meta, and Amazon may not sustain their spending on Nvidia chips at the same growth rate, given their own revenue growth is around 15% annually [7] Valuation Outlook - Current valuation of Nvidia is estimated at around $100 per share, indicating a potential downside of over 25% from current levels [8] - Future growth may stabilize at a more sustainable pace of 20-30%, which, while lower than previous rates, is still considered respectable [9]

Core Viewpoint - Nvidia's recent quarterly results indicate strong demand and significant growth, despite a negative post-earnings reaction in its stock price [1][14]. Financial Performance - Nvidia reported quarterly sales of $39.3 billion, marking a 78% increase year-over-year and setting a new quarterly record [3]. - Adjusted EPS was $0.89, reflecting a 71% growth year-over-year and exceeding consensus estimates by nearly 6% [3]. - Data Center revenue reached a record $35.6 billion, up over 90% year-over-year and 16% sequentially, beating consensus estimates by $2.0 billion [4]. Product Developments - The Blackwell AI supercomputers have ramped up production successfully, generating billions in sales during their first quarter [6][8]. - Demand for Blackwell is expected to remain strong as companies increasingly invest in AI technologies [11]. Market Position - Despite a 2% decline in stock price over the past three months, Nvidia's shares are considered relatively inexpensive, with a forward earnings multiple of 30.6X, significantly lower than historical highs [11][12]. - The PEG ratio stands at 1.5X, again below historical averages, indicating potential value [11]. Future Outlook - Nvidia anticipates sales of $43.0 billion (plus or minus 2%) for the next reporting period, continuing its growth trajectory [13]. - The overall demand picture remains positive, supported by CEO Jensen Huang's comments on the Blackwell architecture and the increasing need for computational power [14].

Core Insights - Nvidia reported fiscal fourth-quarter earnings that surpassed analysts' expectations, driven by strong demand for artificial intelligence, resulting in record quarterly revenue of $39.33 billion, a 78% increase year-over-year [1] - The adjusted net income reached $22.07 billion, reflecting a 72% year-over-year growth and exceeding market expectations [1] Revenue Breakdown - Sales from Nvidia's data center segment, which constitutes the majority of the company's revenue, nearly doubled to a record $35.6 billion [2] - The company successfully ramped up production of Blackwell AI supercomputers, achieving billions in sales during its first quarter, with CEO Jensen Huang highlighting the "amazing" demand for Blackwell [2] Future Outlook - Nvidia forecasts fiscal first-quarter revenue of $43 billion, with a margin of plus or minus 2%, which is above analysts' expectations of $42.11 billion [2] Stock Performance - Following the earnings release, Nvidia's shares remained relatively unchanged in extended trading, having increased by more than two-thirds in value over the past 12 months [3]

Core Insights - Nvidia reported fourth-quarter revenue of $39.3 billion, a 12% increase quarter-over-quarter and a 78% increase year-over-year, surpassing the consensus estimate of $38.05 billion, marking a company record [1][2] - The company achieved fourth-quarter earnings of 89 cents per share, an 82% year-over-year increase, exceeding the consensus estimate of 84 cents per share [2] - Full fiscal year revenue reached $130.5 billion, a record high, reflecting a 114% year-over-year increase [2] Segment Performance - Data Center revenue was $35.6 billion, showing a 93% year-over-year increase and a 16% quarter-over-quarter increase [4] - Gaming & AI PC revenue was $2.5 billion, down 11% year-over-year and down 22% quarter-over-quarter [4] - Professional Visualization revenue was $511 million, up 10% year-over-year and up 5% quarter-over-quarter [4] - Automotive revenue reached $570 million, a 103% year-over-year increase and a 27% quarter-over-quarter increase [4] Future Guidance - The company projects first-quarter revenue of $43.0 billion, with a variance of +/- 2%, exceeding the street consensus estimate of $41.75 billion [4] - Non-GAAP gross margins are expected to be 71% in the first quarter [5] - The CEO highlighted the successful ramp-up of Blackwell AI supercomputers, indicating significant sales growth in the AI sector [5]

Core Insights - NVIDIA reported a fourth-quarter revenue of $39.3 billion, marking a 12% increase from the previous quarter and a 78% increase year-over-year [1][5] - For fiscal 2025, NVIDIA achieved a record revenue of $130.5 billion, up 114% from the previous year, with GAAP earnings per diluted share rising to $2.94, a 147% increase year-over-year [2][6] - The company highlighted strong demand for its Blackwell AI supercomputers, which contributed significantly to its revenue growth [2][3] Financial Performance - Q4 FY25 GAAP revenue was $39,331 million, with a gross margin of 73.0%, down from 74.6% in Q3 FY25 [4] - Operating income for Q4 FY25 was $24,034 million, up 10% quarter-over-quarter and up 77% year-over-year [4] - Full-year FY25 GAAP net income reached $72,880 million, a 145% increase from FY24 [6] Segment Performance - Data Center revenue for Q4 FY25 was a record $35.6 billion, up 16% from Q3 FY25 and up 93% year-over-year [5] - Gaming revenue for Q4 FY25 was $2.5 billion, down 22% from the previous quarter and down 11% year-over-year, while full-year gaming revenue rose 9% to $11.4 billion [10] Future Outlook - NVIDIA expects Q1 FY26 revenue to be approximately $43.0 billion, with GAAP gross margins projected at 70.6% [9][25] - The company plans to pay a quarterly cash dividend of $0.01 per share on April 2, 2025 [3] Product Developments - NVIDIA launched new GeForce RTX 50 Series graphics cards, which promise up to a 2x performance improvement over the previous generation [10] - The introduction of NVIDIA DLSS 4 technology aims to enhance gaming experiences with improved rendering capabilities [10]

NVIDIA corporate headquarters NVIDIA corporate headquarters in Silicon Valley Record quarterly revenue of $39.3 billion, up 12% from Q3 and up 78% from a year agoRecord quarterly Data Center revenue of $35.6 billion, up 16% from Q3 and up 93% from a year agoRecord full-year revenue of $130.5 billion, up 114% SANTA CLARA, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ: NVDA) today reported revenue for the fourth quarter ended January 26, 2025, of $39.3 billion, up 12% from the previous quarter ...