It has been quite a year for Nvidia (NASDAQ: NVDA) since COVID-19 uprooted our lives. Its $40 billion acquisition of ARM is still under threat from UK antitrust regulators, yet it remains ahead of the pack in GPU manufacturing. Now, with its first earnings of the fiscal year coming up, what can investors expect?
When is Nvidia’s earnings date?
Nvidia reports its earnings for Q1 of the fiscal year 2022 on Wednesday, 26 May at 2PM Eastern Time.
How can I listen to Nvidia’s earnings call?
To listen to the call and to access the transcript, as well as the shareholder’s letter and the financial statements for the quarter, all you need to do is go to Nvidia’s investor relations page.
What to expect
The consensus estimate for Nvidia’s Q1 call is earnings per share of $3.28 on revenue of $5.39 billion. This is off the back of a very strong end to fiscal 2021, where the company’s Q4 revenue soared 61% year-over-year (YoY) to $5 billion, while GAAP earnings per diluted share were a record $2.31, up 51% year-on-year from $1.53.
The rise is powered to some extent by the launch of Nvidia’s new line of graphics cards for gaming. The GeForce RTX 3080 cards have been in high demand.
Between Nvidia’s new data centre and ever-growing gaming division, there is plenty to get excited about for this GPU leader.
What we’re looking for during Nvidia’s earnings call!
Ahead of its AGM on June 3, where Nvidia shareholders will vote on whether to proceed with a 4-1 stock split, we’re hoping for updates in the following divisions too:
- How the company will manage the ongoing semiconductor shortage.
- An update regarding its $40 billion ARM acquisition.
- Data centre growth.
- GeForce RTX 30 GPU sales.
- We may also look for an update regarding Nvidia’s recent Cloudflare partnership.
Nvidia has beaten analyst estimates in each of the past four quarters, so investors will be hoping for more of the same on Wednesday!
A MyWallSt subscription gives you access to over 100 market-beating stock picks and the research to back them up. Our analyst team post daily insights, subscriber-only podcasts and the headlines that move the market. Get your free access now!
MyWallSt operates a full disclosure policy. MyWallSt staff currently hold long positions in companies mentioned above. Read our full disclosure policy here.
Content Manager at MyWallSt
Jamie is the Content Editor here at MyWallSt. His favorite stock is Apple, which is also the first stock he ever bought. Jamie is not only a big fan of its products, but he believes that the tech giant has a whole lot more to give the world, and hasn't even scraped the surface of its potential.