The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates four times over the last four quarters. This compares to year-ago revenues of $6.51 billion. Nvidia, which belongs to the Zacks Semiconductor - General industry, posted revenues of $6.7 billion for the quarter ended July 2022, surpassing the Zacks Consensus Estimate by 0.03%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.
A quarter ago, it was expected that this maker of graphics chips for gaming and artificial intelligence would post earnings of $1.30 per share when it actually produced earnings of $1.36, delivering a surprise of 4.62%. This quarterly report represents an earnings surprise of -8.93%. These figures are adjusted for non-recurring items. This compares to earnings of $1.04 per share a year ago.
#Nvda earnings call 2022 free
The company will keep enough inventory of these cards on-hand to fulfill any warranty repairs or replacements for currently supported cards.Nvidia ( NVDA Quick Quote NVDA - Free Report) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.56 per share.
Han also said that EVGA would continue to sell cards based on older GeForce GPUs, including the RTX 3000 series, until they run out of stock toward the end of 2022. In other words, an RTX 3070 is an RTX 3070, and people who want one are just going to buy one from another company if EVGA's products aren't available.ĮVGA will continue to sell its other products, including power supplies, though Han told Gamers Nexus that the company doesn't plan to return to the GPU market at all-not with AMD's or Intel's GPUs, and not with future GeForce product generations.
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Nvidia has other partners, and despite differences in cooler design and clock speeds, GPUs in the same series tend to perform similarly regardless of which of Nvidia's partners actually made them. The end of the EVGA-Nvidia relationship could hurt Nvidia-Peddie says that EVGA represents about 40 percent of Nvidia's GPU market share in North America-but in the medium term the company is unlikely to be fazed much. Advertisementįurther Reading The GPU shortage is over. Modern high-end graphics cards have massively higher power, cooling, and PCI Express signaling requirements than cards from just a few years ago, making them more expensive to design and manufacture, and reporting about the RTX 4000 series indicates that that trend is only going to continue. As Peddie points out, even as GPU costs have gone up, profit margins for the board partners that manufacture Nvidia graphics cards have gone down. Nvidia may not be entirely at fault here-the wider dynamics of the GPU market are also tough to navigate. Nvidia's first-party Founders Edition cards could often undercut the pricing of cards offered by EVGA and other vendors, forcing them to either lower prices or lose sales as a result. Nvidia's pricing strategy was apparently another sore point for EVGA. But EVGA CEO Andrew Han told Gamers Nexus that the decision was about "principle" rather than financials-Han complained about a lack of communication from Nvidia about new products, including information about pricing and availability. But according to the YouTubers at Gamers Nexus, analyst Jon Peddie, and an EVGA forum post, EVGA is officially terminating its relationship with Nvidia and will not be manufacturing cards based on the company's RTX 4000-series GPUs.ĮVGA's graphics cards have exclusively used Nvidia GPUs since its founding in 1999, and according to Gamers Nexus, GeForce sales represent 80 percent of EVGA's revenue, making this a momentous and arguably company-endangering change. Graphics card manufacturer eVGA has made a name for itself manufacturing and selling Nvidia's GeForce GPUs for two decades, including some of the more attractively priced options on the market.