Nvidia’s Third Fiscal Revenues Rose by 57%. Issues Guidance

Nvidia’s Third Fiscal Revenues Rose by 57%. Issues Guidance

Nvidia recorded revenue of $4.73 billion in Q3 2020, a rise of 57% from the prior year and above Q2 revenues of $3.87, according to the company’s press release. Revenue growths were due to record gaming and data center sales.

  • Q4 2020 Guidance
    • Revenues of $4.8 billion plus or minus 2%, above the consensus $4.43 billion.
    • Gross margin of 65.5% plus or minus 50 bps. 
    • Operating margin of $1.18 billion.
  • Q3 2020 Highlights
    • The company had a record Data Center revenue increase of 162% from the previous year to $1.90 billion, above consensus $1.8 billion.
    • Gaming revenue was $2.27 billion, up 37% from the prior year, and above consensus $2.06%. 
    • Professional Visualization sales fell 27% year over year, but rose 16% in Q3 to $236 million, above estimated $215 million. 
    • Automotive sales declined 23% year over year but rose 13% quarter over quarter to $125 million due to the broad auto recovery.
    • GAAP earnings per diluted share were $2.12, up 46% from $1.45 a year ago and a 114% increase from $0.99 the previous quarter.
    • Gross margin rose from 64.1% to 65.5% year over year.
    • Operating expenses rose 6% quarter over quarter and 42% year over year to $1.1 billion, in-line with consensus estimates. 

Nvidia stock is currently declining. NVDA: NASDAQ is down 1.33%

Leave a Reply