Construction Partners, Inc. (NASDAQ:ROAD) Q4 2024 Earnings Conference Call November 21, 2024 10:00 AM ET Company Participants Rick Black - IR Jule Smith - CEO Greg Hoffman - CFO Ned Fleming - Executive Chairman Conference Call Participants Kathryn Thompson - Thompson Research Adam Thalhimer - Thompson Davis Jean Ramirez - D.A. Davidson Operator Greetings, and welcome to the Construction Partners' Fourth Quarter and Year End Fiscal 2024 Conference Call. At this time, all participants are in a listen-only mod ...

Corporación América Airports S.A. (NYSE:CAAP) Q3 2024 Earnings Call Transcript November 21, 2024 10:00 AM ET Company Participants Patricio Inaki Esnaola - Head of IR Martin Eurnekian - CEO Jorge Arruda - CFO Conference Call Participants Alejandro Demichelis - Jefferies Fernanda Recchia - BTG Jay Singh - Citi Marina Mertens - Latin Securities Operator Good morning, and welcome to the Corporacion America Airports Third Quarter 2024 Conference Call. A slide presentation accompanies today's webcast and is avail ...

Ituran Location and Control Ltd. (NASDAQ:ITRN) Q3 2024 Earnings Conference Call November 21, 2024 10:00 AM ET Company Participants Kenny Green - Investor Relations, EK Global Investor Relations Eyal Sheratzky - Chief Executive Officer Eli Kamer - Chief Financial Officer Conference Call Participants Sergey Glinyanov - Freedom Capital Allen Klee - Maxim Group Josh Strauss - Pekin Hardy Operator Ladies and gentlemen, thank you for standing by. Welcome to the Ituran Third Quarter of 2024 Results Conference Call ...

Maximus, Inc. (NYSE:MMS) Q4 2024 Earnings Call Transcript November 21, 2024 9:00 AM ET Company Participants Jessica Batt - VP of IR and ESG Bruce Caswell - President and CEO David Mutryn - CFO Conference Call Participants Charlie Strauzer - CJS Securities Operator Greetings, and welcome to the Maximus Fiscal 2024 Fourth Quarter and Year End Earnings Conference Call. At this time, all participants are on a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator In ...

Nano-X Imaging Ltd. (NASDAQ:NNOX) Q3 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Mike Cavanaugh - IR Erez Meltzer - CEO Ran Daniel - CFO Conference Call Participants Ross Osborn - Cantor Fitzgerald Jeffrey Cohen - Ladenburg Scott Henry - Alliance Global Operator Ladies and gentlemen, thank you for standing by. Welcome to the Nano-X Third Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a qu ...

Intchains Group Limited (NASDAQ:ICG) Q3 2024 Results Conference Call November 20, 2024 8:00 PM ET Company Participants Chaowei Yan - Chief Financial Officer Minty Wang - Investor Relations Director Operator Good day, ladies and gentlemen. Thank you for standing by, and welcome to Intchains Third Quarter 2024 Earnings Conference Call. This conference call is being recorded. If you have any objections, you may disconnect at this time. Joining us today is Mr. Chaowei Yan, Chief Financial Officer of Intchains; ...

ClearSign Technologies Corporation (NASDAQ:CLIR) Q3 2024 Earnings Conference Call November 20, 2024 5:00 PM ET Company Participants Matthew Selinger - IR, Firm IR Group Brent Hinds - CFO Jim Deller - CEO Conference Call Participants Operator Good afternoon and welcome to the ClearSign Technologies Third Quarter 2024 Conference Call. [Operator Instructions] Please note, that this event is being recorded. I would now like to turn the conference over to Matthew Selinger of Firm IR Group. Please go ahead. Matth ...

Financial Data and Key Metrics - Revenue for Q3 2025 was $35.1 billion, up 17% sequentially and 94% year-on-year, significantly exceeding the outlook of $32.5 billion [9] - GAAP gross margin was 74.6%, and non-GAAP gross margin was 75%, down sequentially due to a mix-shift to more complex and higher-cost systems within Data Center [32] - The company returned $11.2 billion to shareholders through share repurchases and cash dividends in Q3 [33] - Q4 revenue is expected to be $37.5 billion, plus or minus 2%, with GAAP and non-GAAP gross margins expected to be 73% and 73.5%, respectively [34] Business Line Performance Data Center - Data Center revenue reached a record $30.8 billion, up 17% sequentially and 112% year-on-year, driven by strong demand for NVIDIA Hopper and H200 GPUs [11] - Cloud service providers accounted for approximately half of Data Center sales, with revenue increasing more than 2 times year-on-year [11] - NVIDIA H200 sales increased significantly, reaching double-digit billions, marking the fastest product ramp in the company's history [11] - NVIDIA GPU regional cloud revenue doubled year-on-year, with growth in North America, EMEA, and Asia Pacific regions [12] Gaming and AI PCs - Gaming revenue was $3.3 billion, up 14% sequentially and 15% year-on-year, driven by strong back-to-school sales and demand for GeForce RTX GPUs [28] - The company began shipping new GeForce RTX AI PCs with up to 321 AI TOPS, with Microsoft's Copilot+ capabilities anticipated in Q4 [29] Professional Visualization (ProViz) - ProViz revenue was $486 million, up 7% sequentially and 17% year-on-year, with NVIDIA RTX workstations remaining the preferred choice for professional graphics and AI-related workloads [30] Automotive - Automotive revenue reached a record $449 million, up 30% sequentially and 72% year-on-year, driven by the ramp of NVIDIA Orin and strong demand for self-driving solutions [31] Market Performance - Data Center revenue in China grew sequentially due to shipments of export-compliant products, though it remains below pre-export control levels [24] - Sovereign AI initiatives are gaining momentum, with countries like India and Japan building AI factories and supercomputers powered by NVIDIA GPUs [25] - Networking revenue increased 20% year-on-year, with strong demand for InfiniBand and Ethernet switches, SmartNICs, and BlueField DPUs [26] Company Strategy and Industry Competition - NVIDIA is focusing on ramping Blackwell production, with demand greatly exceeding supply. The company expects to exceed previous Blackwell revenue estimates [34] - Blackwell is a customizable AI infrastructure with multiple configurations, and the company is working to increase system availability and optimize configurations for customers [34] - The company is investing in data center infrastructure for hardware and software development, supporting new product introductions [35] - NVIDIA is positioning itself as a leader in the AI revolution, with a focus on generative AI, enterprise AI, and industrial AI [19][22] Management Commentary on Business Environment and Future Outlook - Management highlighted the strong demand for Hopper and Blackwell architectures, driven by the adoption of AI and accelerated computing [9][11] - The company expects continued growth in Data Center revenue, with Blackwell demand being "staggering" and supply constraints being a key focus [16][34] - Management emphasized the importance of inference scaling, with NVIDIA being the largest inference platform in the world [13][43] - The company is optimistic about the future of AI, with generative AI and industrial AI expected to drive significant growth in the coming years [19][22] Other Important Information - NVIDIA's software, service, and support revenue is annualizing at $1.5 billion, with expectations to exit the year at over $2 billion [22] - The company is integrating Blackwell systems into diverse Data Center configurations, with major partners like Oracle, Microsoft, and Google racing to deploy Blackwell at scale [16][17] - NVIDIA's upcoming release of NVIDIA NIM is expected to boost Hopper inference performance by an additional 2.4 times [14] Q&A Session Summary Question 1: Scaling for Large Language Models - Jensen Huang discussed the continued scaling of foundation models, post-training scaling, and inference time scaling, with demand for NVIDIA infrastructure remaining strong [41][42][43] Question 2: Blackwell Production and Supply Constraints - Jensen Huang confirmed that Blackwell production is on track, with demand exceeding supply. The company is working with multiple partners to ramp production [48][49][50] - Supply constraints are driven by the complexity of Blackwell systems, which involve multiple custom chips and configurations [51] Question 3: Blackwell Ramp and Gross Margins - Colette Kress explained that gross margins are expected to moderate to the low-70s during the Blackwell ramp, with a return to mid-70s margins as production scales [58] - Jensen Huang highlighted the importance of Blackwell's performance per watt, which drives customer revenues [54] Question 4: Inference Market Growth - Jensen Huang expressed optimism about the growth of the inference market, with NVIDIA positioned as the largest inference platform due to its large installed base [43][76] Question 5: Networking Business and Spectrum-X - Colette Kress noted that networking revenue was down sequentially but expects growth in Q4, driven by demand for InfiniBand and Spectrum-X Ethernet for AI [84] Question 6: Sovereign AI and Gaming Supply Constraints - Colette Kress confirmed that sovereign AI demand remains strong, with growth opportunities in Europe and Asia-Pacific [86] - Gaming supply constraints are due to strong demand and the company's focus on ramping Data Center products [87] Question 7: Sequential Growth and China Business - Jensen Huang emphasized that the company guides one quarter at a time and will comply with any new regulations under the new US administration [92][94] Question 8: Compute Allocation in AI Ecosystem - Jensen Huang discussed the current focus on pre-training foundation models, with post-training and inference scaling also growing in importance [97][98]

Financial Data and Key Metrics - Total revenue for Q1 2025 was $2.14 billion, growing 14% YoY, exceeding guidance [47] - Product revenue grew 4%, while services revenue grew 16%, with subscription revenue up 21% and support revenue up 8% [47] - NGS ARR grew 40% YoY to $4.52 billion, driven by platformization and the QRadar SaaS acquisition [9][48] - Operating margin expanded by 60 basis points YoY, leading to 13% EPS growth and strong cash generation [9] - RPO grew 20% YoY to $12.6 billion, with current RPO up 18% to $5.9 billion [48] Business Line Performance - Next-Gen Security (NGS) ARR reached $4.5 billion, up 40% YoY, with Cortex and NetSec showing strong growth [9] - Cloud security crossed $700 million in ARR, while Cortex surpassed $1 billion in ARR [18] - Network security saw steady demand, with 70% of virtual firewall ARR coming from public cloud deployments [23] - SASE customers grew 20%, with 40% being net-new to Palo Alto Networks [24] - Cortex XSIAM now has over 150 active customers, with 40 having more than $1 million in ARR [33] Market Performance - Double-digit revenue growth across all regions: Americas up 12%, EMEA up 21%, and JAPAC up 13% [48] - The company signed 305 transactions over $1 million, up 13%, and 60 transactions over $5 million, up 30% [22] - The IBM QRadar acquisition added 550 SaaS customers and over $80 million in TCV, with a pipeline worth over $1 billion [34][35] Strategy and Industry Competition - The company is focused on platformization, aiming to consolidate point products into integrated platforms [10][14] - Gartner predicts 45% of organizations will use fewer than 15 cybersecurity tools by 2028, up from 13% in 2023 [11] - The company is leveraging AI and automation to enhance its platform strategy, with early success in XSIAM and Cloud platforms [12][13] - The company aims to achieve 2,500 to 3,500 platformization deals by fiscal year 2030 [16] Management Commentary on Market and Future Outlook - The cybersecurity market is growing faster than the overall technology market, driven by AI and automation [7] - The company is confident in its platformization strategy, which is driving sustainable profitable growth [40][41] - The company raised its FY 2025 guidance for NGS ARR, revenue, and EPS, reflecting strong performance and confidence in its strategy [44] Other Important Information - The company announced a two-for-one stock split to make shares more accessible to employees and investors [44][58] - The company is focusing on RPO and NGS ARR as key metrics, driving long-term value creation [52][53] Q&A Summary Question: Margin implications of platformization - Platformization reduces cost of sales, improves cloud COGS margins, and enhances customer support efficiency through automation [63] Question: Impact of competitors' hardware refresh cycles - The company sees opportunities to displace competitors during their refresh cycles, with steady growth in hardware demand [66][68] Question: Macro outlook and federal government spending - AI is driving increased cybersecurity spend, while platformization helps customers consolidate and reduce costs [72] Question: Integration between Cortex and Cloud - The company is integrating Cortex and Cloud to provide real-time cloud security, with early success in combining Prisma Cloud and Cortex capabilities [75][76] Question: NGS ARR growth and QRadar impact - NGS ARR growth includes a one-time benefit from QRadar, with half expected to migrate to XSIAM by year-end [94][95] Question: Prisma SASE growth and customer acquisition - SASE growth is driven by both new customers and displacement of competitors, with 40% of SASE customers being net-new [99] Question: Strategy for QRadar on-premise customers - The company is actively working to migrate on-premise QRadar customers to XSIAM, with a $1 billion pipeline and strong IBM partnership [103][104] Question: Contract duration and platformization - Contract durations remain steady at three years, with some customers opting for shorter terms due to expected future innovations [107]

Snowflake Inc. (NYSE:SNOW) Q3 2025 Earnings Conference Call November 20, 2024 5:00 PM ET Company Participants Jimmy Sexton - Head of IR Sridhar Ramaswamy - CEO Mike Scarpelli - CFO Christian Kleinerman - EVP of Product Conference Call Participants Mark Murphy - JPMorgan Keith Weiss - Morgan Stanley Kash Rangan - Goldman Raimo Lenschow - Barclays Kirk Materne - Evercore Brad Zelnick - Deutsche Bank Brent Thill - Jefferies Michael Turrin - Wells Fargo Alex Zukin - Wolfe Research Brad Sills - Bank of America O ...