Nvidia

NVDA posted Apr-Q EPS of $5.98 vs. $0.82, a $5.64 consensus beat. Sales rose 262% to $26B, better than the $24.7B expectation, due to better-than-expected growth across its data center business ($22.6B above the $21.1B estimate). Within data centers, compute rose 478% and networking increased 242%. NVDA provided its Jul-Q revenue guide of $28B (implies 107% Y/Y growth), better than the $26.8B forecast, and a gross margin view of about 75% for the rest of the calendar year, near our view. Gaming was +18% ($2.6B; meeting our view), Professional Visualization was +45% ($427M; below the $479M consensus), and Autos was +11% ($329M; above the $292M consensus). Separately, NVDA reported a 10-for-1 stock split and hiked its quarterly dividend to $0.10/share from $0.04. We think the healthy beat/guidance points to ongoing momentum for NVDA’s Hopper GPUs, with no air pocket being seen, while Blackwell is likely to sell out well into […]

The following is a summary of the NVIDIA Corporation (NVDA) Q1 2025 Earnings Call Transcript: Financial Performance: NVIDIA reported Q1 revenue of $26 billion, an increase of 18% sequentially and up 262% year-over-year. The Data Center unit was the strongest performer with revenue of $22.6 billion, up 23% sequentially and 427% year-over-year. The company’s non-GAAP gross margins increased to 78.9%, driven by lower inventory targets. NVIDIA returned $7.8 billion to shareholders in Q1 via share repurchases and cash dividends. NVIDIA is forecasting total revenue of about $28 billion for Q2. Business Progress: NVIDIA sees automotive as a key growth vertical within the Data Center segment, expecting a multibillion-dollar opportunity. The new Spectrum-X Ethernet networking solution and Blackwell platform are now shipping. Growth is expected from Sovereign AI as nations increase domestic computing capacity. The enterprise adoption of AI solutions is increasing, as highlighted by Tesla’s expansion of the NVIDIA AI

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

We up our 12-month target to $1,100 from $1,000, on a P/E of 35x our CY 25 EPS view, above peers but below historical given our view of improving FCF (+$55B in FY 25 and +$70B in FY 26). We up our FY 25 (Jan.) EPS estimate to $25.47 from $25.00 and FY 26’s to $31.62 from $31.25. Ahead of Apr-Q results on 5/22, we look for EPS of $5.64 on revenue of $24.6B (+242% Y/Y). We see upside to data center assumptions ($21.1B; up 395% Y/Y and 86% of revenue), driven by higher cloud capex spend and greater enterprise GenAI adoption. We believe NVDA’s content growth story has more room to go driven by ongoing shift toward AI servers, early days for CPU expansion, and addressable market upside tied to new software applications/greater focus on energy efficiency/TCO benefits. Concerns that seem unwarranted include order softness ahead of Blackwell (happens

Nvidia (NVDA) is likely poised for a beat-and-raise heading into its latest financial results amid an “insatiable” appetite for artificial intelligence accelerator among cloud service providers, Oppenheimer said Friday. The semiconductor maker is scheduled to report its fiscal first-quarter results Wednesday. Oppenheimer expects non-GAAP earnings to jump to $5.68 a share from $1.09 a year earlier, with net sales seen surging 248% to $25.06 billion. Analysts polled by Capital IQ are looking for $5.57 and $24.49 billion, respectively. An AI accelerator is a specialized hardware or software component that helps accelerate the performance of AI-based applications. Oppenheimer expects strong performance at the company’s data center business as supply constraints around its flagship H100 graphics processing unit continue to ease. The brokerage expects lead times to be less than 20 weeks, compared with a peak of about 50 weeks a year earlier, allowing Nvidia’s management to better capture demand. “We see

Nvidia (NVDA) is poised for a strong Q1 revenue, likely reaching $26 billion, owing to reduced lead times on chips, UBS Securities said in a note emailed Wednesday. The mid-December initial shipment timing for the Blackwell processors has some investors concerned about the transition, UBS said. The launch of Blackwell chips is expected to drive even stronger demand for next-generation GB200 rack system for data centers, leading to increased revenue and EPS forecasts for next year, the note said. But these concerns are likely overstated, the firm said, and recent talks with customers and supply chain assessments suggest strong demand for its graphics processing unit microarchitecture “Hopper” that will persist throughout the year. Despite the sell side lagging in projections for 2025, UBS believes most investors expect EPS in the high-$30s, below its estimates following recent checks. With this demand outlook, “we would expect and hope to see another substantial

NVIDIA Corp (NASDAQ:NVDA) has the potential to see its stock price surge by 81% in the next year, according to a recent note by Evercore ISI. What Happened: Evercore ISI initiated Nvidia with an “Outperform” rating and set a price target of $1,160, representing a 36% potential upside from the current levels, reported Business Insider. In a bullish scenario, the firm suggested that the stock could potentially reach $1,540, an 81% increase from the current levels. The note highlighted Nvidia’s position as a leader in the AI ecosystem, a role that is expected to drive efficiency gains for years to come. Evercore ISI’s Mark Lipacis believes that Nvidia’s AI ecosystem play could capture 80% of the value created during its respective computing era, with the potential to dominate the parallel processing market by 2030, a market that could be worth more than $350 billion. “We think investors underestimate 1) the importance of the chip+hardware+software

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Nvidia Corp (NASDAQ:NVDA) with a $1,050 price target, his top large-cap pick. During his recent AI Discovery Bus Tour, Kumar engaged directly with Nvidia’s management team, which allowed him to delve deeper into the company’s current operations and future prospects. Despite being in the market for nearly two years, the demand for Nvidia’s Hopper GPU remains robust, with the supply needing to catch up, as per the analyst. He said the supply-demand imbalance will likely continue throughout the year, potentially offering a slight margin boost until the introduction of the Blackwell GPU. As per Kumar, the launch of the Blackwell GPU later this year will likely mirror the supply and demand challenges faced by Hopper. Customers are reluctant to switch their orders from Hopper to Blackwell, fearing even longer wait times due to anticipated supply constraints. Nvidia’s management addressed concerns about the

Raymond James analyst Srini Pajjuri maintains NVIDIA (NASDAQ:NVDA) with a Strong Buy and raises the price target from $850 to $1100.

Nvidia (NVDA) is the best way to get exposure to artificial intelligence as visibility into strong spending continues to build, Morgan Stanley said in a research note. “Even given strong YTD appreciation, we make the case for maintaining outsized exposure to AI – and that, increasingly, Nvidia is the best way to get that exposure in our coverage,” Morgan Stanley analysts said. Demand is particularly strong among customers working to develop systems for artificial intelligence applications, they said. “Faced with limited slots for AI processors, we are seeing some of the appetite for alternatives taking a back seat to the highest ROI processor, which continues to be Nvidia,” the analysts said. Nvidia has also benefitted with its product execution and has been signaling it may keep would-be competitors at bay with aggressive pricing, the report said. Morgan Stanley reiterated its overweight rating on Nvidia while raising its price target to