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NVIDIA Earnings Preview: What to Expect

NVIDIA Earnings Preview: What to Expect

NVIDIA (NASDAQ: NVDA) is scheduled to report its earnings for the first quarter of fiscal 2023 on May 24, 2023. Analysts are expecting the company to report revenue of $7.15 billion, up 10% from the same quarter last year. Earnings per share are expected to be $0.94, up 23% from the same quarter last year.


NVIDIA's results are likely to be driven by strong demand for its gaming and data center products. The company's gaming business is expected to benefit from the launch of new gaming consoles and the continued growth of the esports market. NVIDIA's data center business is expected to benefit from the increasing adoption of artificial intelligence and machine learning.

In addition to its core businesses, NVIDIA is also expanding into new areas such as self-driving cars and the metaverse. These new businesses could provide significant growth opportunities for NVIDIA in the future.


Overall, NVIDIA is expected to report strong earnings for the first quarter of fiscal 2023. The company's results are likely to be driven by strong demand for its gaming and data center products, as well as its expansion into new growth areas.


Key Factors to Watch


Here are some key factors to watch for in NVIDIA's earnings report:


  • Revenue: Analysts are expecting NVIDIA to report revenue of $7.15 billion, up 10% from the same quarter last year.

  • Earnings per share: Earnings per share are expected to be $0.94, up 23% from the same quarter last year.

  • Gaming revenue: Gaming is NVIDIA's largest business segment, accounting for about half of its total revenue. Analysts are expecting gaming revenue to grow 15% year-over-year to $3.6 billion.

  • Data center revenue: Data center is NVIDIA's fastest-growing business segment, accounting for about 40% of its total revenue. Analysts are expecting data center revenue to grow 20% year-over-year to $2.8 billion.

  • New growth areas: NVIDIA is expanding into new growth areas such as self-driving cars and the metaverse. These new businesses could provide significant growth opportunities for NVIDIA in the future.

What to Expect After Earnings


After NVIDIA reports earnings, investors will be looking for guidance on the company's outlook for the second quarter and the rest of fiscal 2023. Analysts are expecting NVIDIA to guide for revenue of $7.4 billion and earnings per share of $0.97 in the second quarter. For fiscal 2023, analysts are expecting revenue of $29.2 billion and earnings per share of $3.85.

If NVIDIA beats expectations, the stock could rally. However, if NVIDIA misses expectations, the stock could sell off. Investors should be prepared for volatility after NVIDIA reports earnings.


Overall, NVIDIA is expected to report strong earnings for the first quarter of fiscal 2023. The company's results are likely to be driven by strong demand for its gaming and data center products, as well as its expansion into new growth areas. Investors will be looking for guidance on the company's outlook for the second quarter and the rest of fiscal 2023 after NVIDIA reports earnings.


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