NVIDIA Corporation is scheduled to report its FY2025 1st quarterly earnings on 22nd May 2024 at 4 PM eastern
time. The estimated EPS is 5.57 and estimated revenue is 24.57B.
NVIDIA reported a record revenue of $22.1 billion for the quarter, surpassing expectations and reflecting a 22%
sequential increase and a staggering 265% year-on-year increase. Fiscal 2024 revenue totaled $60.9 billion, up
126% from the previous year.
Data center revenue for fiscal 2024 reached $47.5 billion, more than tripling from the prior year. The company
emphasized the transition from general-purpose to accelerated computing, particularly driven by the adoption of
NVIDIA Hopper GPU computing platform and InfiniBand networking. Both training and inference of generative AI
contributed to the growth, with demand spanning various industries and regions.
Key management comments during previous earnings call:
NVIDIA introduced the H200 GPU, expected to double the inference performance of its predecessor, and
announced progress in Quantum InfiniBand and SpectrumX networking solutions. In the gaming segment, the
GeForce RTX 40 Super Series family of GPUs was launched at CES, targeting high performance and AI
capabilities.
Financial Guidance.
NVIDIA provided an outlook for the first quarter of fiscal 2025, expecting total revenue of $24 billion, with growth
driven by data center and ProViz segments, partially offset by a seasonal decline in gaming. Operating expenses are
projected to grow in the mid-30% range for the fiscal year as the company continues to invest in opportunities.
Technical:
NVDA is in a bullish trend with higher highs and higher lows pattern. Currently NVDA is trading at $946, and has a
resistance at $965-$970. Recent low placed by NVDA is at $760. 30-day EMA and 5-day EMA are at $876 and
$843 respectively. MACD is in bullish territory and RSI is at 62 in daily timeframe.