By Ben Glickman
Nvidia is set to report fiscal first-quarter results after the market closes Wednesday. Here’s what you need to know.
PROFIT: The chipmaker is expected to post a profit of $13.15 billion, up from $2.04 billion a year earlier, according to the consensus of 27 analysts polled by FactSet.
REVENUE: The Santa Clara, Calif.-based company is seen with revenue of $24.59 billion, up from $7.19 billion a year earlier, according to 44 analysts polled by FactSet. The company previously guided for first-quarter revenue of $24 billion, plus or minus 2%.
ADJUSTED EARNINGS: Stripping out certain one-time items, Nvidia is expected to post a per-share profit of $5.60, according to 43 analysts polled by FactSet.
Nvidia stock rose over 40% in its fiscal third quarter, and was recently trading around $949.20.
WHAT TO WATCH
–Nvidia’s revenue has grown at a breakneck pace in the last year, aided by surging demand for artificial intelligence infrastructure. Investors will be looking for whether the company can keep that momentum going. Nvidia’s results are tied to the capital investments of major cloud-computing companies implementing AI features, but analysts are unsure on when that investment cycle will peak.
–The company is getting ready to roll out its new Blackwell platform, which has raised some concerns among analysts around shipment timing. According to UBS analysts, whether or not there will be a so-called “air pocket” for demand during the transition to Blackwell shipments. Investors will likely be looking for commentary on the Blackwell roll out on the earnings call.
Write to Ben Glickman at ben.glickman@wsj.com