Latest news with #BlackwellGPUs
Yahoo
5 days ago
- Automotive
- Yahoo
Analyst Says NVIDIA (NVDA) is ‘Firing on All Cylinders' – ‘Everybody Wants Their Product'
Nvidia (NVDA) shares are in the spotlight as an increasing number of market indicators point to strong growth for the company's chips. The stock has gained about 20% over the past month. Kimberly Forrest from Bokeh Capital talked about the company during a latest program on Schwab Network. She believes Nvidia's chips demand remain strong. "I think the title if I was back on the sell side writing about this it would be like Porsche except no substitute or there is no substitute. You know years and years ago, decades ago, that was Porsche's claim that no other car was as good as theirs and I think NVIDIA Corp (NASDAQ:NVDA) has a real hold on the very high-end and even the less than high-end kind of products that it, you know, product space. So the company is firing on all cylinders, everybody wants their product, they're moving forward with good products and it doesn't look like the biggest fear that an NVIDIA Corp (NASDAQ:NVDA) shareholder has is that somebody else comes up with a good enough chip that's cheaper." A close-up of a colorful high-end graphics card being plugged in to a gaming computer. With its latest numbers and stock performance, Nvidia was able to prove the skeptics wrong. In its recently reported quarter, Nvidia's data center computer revenue rose 76% year over year, driven by Blackwell GB200. Despite a $4.5 billion inventory charge related to US import restrictions for China, the company expects gross margins to reach the mid-70% range by late this year due to scaling Blackwell production. NVDA bulls believe the company can easily offset losses related to China amid new products and market diversification. Saudi Arabia's Humain plans to buy more than 200,000 AI GPUs from Nvidia, potentially generating $15 billion in sales. The UAE reportedly has an agreement for up to 500,000 GPUs. Even without China's involvement for now, Nvidia said nearly 100 AI factories are under construction. These factories have hyperscalers deploying 1,000 GB200 NVL72 racks weekly, each with 72,000 Blackwell GPUs. RiverPark Large Growth Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q1 2025 investor letter: 'NVIDIA Corporation (NASDAQ:NVDA) was our top detractor in the quarter as investors took profits following its extraordinary performance in 2024. Despite reporting strong quarterly results, the stock pulled back amid concerns that AI-related demand may be plateauing near-term and that capital expenditures by hyperscalers could moderate. Additionally, investor anxiety rose following the announcement of sweeping new tariffs, which sparked fears of supply chain disruptions and rising input costs across the semiconductor industry. We continue to believe that NVIDIA remains one of the most strategically important companies in global computing, with best-in class GPUs, a dominant software ecosystem, and expanding opportunities in inference, networking, and edge AI. The long-term secular trend toward accelerated computing remains intact, and we believe NVDA is well-positioned to be a key beneficiary.' READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Nvidia Faces $8B Hit as U.S. Halts H20 AI Chip Exports to China
May 29 - Nvidia has issued a revenue forecast of approximately $45 billion for its fiscal second quarter, acknowledging an anticipated $8 billion impact due to U.S. export restrictions on its H20 AI chips to China. Despite this significant challenge, the company's outlook remains robust, reflecting strong global demand for its AI technologies. Warning! GuruFocus has detected 4 Warning Signs with NVDA. For the fiscal first quarter, Nvidia posted $44 billion in revenue, up 69% year-on-year, and adjusted earnings of $0.81 per share. Data center sales led the way at $39 billion, a 73% increase, driven by rapid adoption of Blackwell GPUs and growing AI inference workloads. CFO Colette Kress said the Blackwell NVL72 ramp was the fastest in company history and that networking revenue climbed 64% sequentially to $5 billion. Spectrum-X now annualizes over $8 billion in sales, with major cloud customers on board. Gaming revenue hit $3.8 billion, up 48% from the prior quarter, while automotive and robotics reached $567 million, up 72% year-on-year. Kress warned that losing access to China's AI accelerator market, expected to approach $50 billion, could benefit non-U.S. rivals. CEO Jensen Huang noted that sovereign investments in AI infrastructure continue to accelerate worldwide. Looking ahead, Nvidia expects modest sequential growth across all platforms and gross margins to improve toward the mid-70 percent range later this year. Based on the one year price targets offered by 51 analysts, the average target price for NVIDIA Corp is $163.77 with a high estimate of $235.92 and a low estimate of $100.00. The average target implies a upside of +21.48% from the current price of $134.81. Based on GuruFocus estimates, the estimated GF Value for NVIDIA Corp in one year is $265.22, suggesting a upside of +96.74% from the current price of $134.81. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Nvidia earnings live: Nvidia beats on Q1 revenue, sees $8 billion impact from China export rules
Nvidia (NVDA) has become the poster child for the AI boom that kicked off in late 2022 reported mixed first quarter results after the close on Wednesday. The AI hardware giant reported revenue of $44.1 billion For the quarter, topping analyst estimates of $43.3 billion, according to data compiled by Bloomberg. Nvidia reported $26 billion in the same period last year. Adjusted earnings per share were $0.96, beating estimates for $0.93 and surpassing earnings per share of $0.61 last year. Data center revenue fell slightly short of estimates, coming in at $39.1 billion versus $39.2 billion estimated and $22.5 billion last year. The company also called out an $8 billion revenue hit related to China export rules in the second quarter. In an interview last week, Nvidia CEO Jensen Huang said the company had lost $15 billion in sales as a result of these rules. Nvidia stock popped over 5% in after-hours trading. Nvidia's earnings call is ongoing. You can listen to it live here. The company's results have been powered by chip investments from some of its Big Tech peers, including Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META). Here's the latest: Nvidia CEO Jensen Huang remarked on the Trump administration's ban on a less powerful version of its Hopper chips for China during a call with analysts following its first quarter earnings results: Listen live to the Nvidia earnings call here. The earnings call has begun, and Nvidia CFO Colette Kress noted that Big Tech companies continue to ramp up data center spending. "Major hyperscalers are each deploying nearly ... 72,000 Blackwell GPUs per week, and are on track to clear ramp output this quarter," Kress said. "Microsoft, for example, has already deployed tens of thousands of Blackwell GPUs and is expected to ramp to hundreds of thousands of GB200s with OpenAI as one of its key customers." Listen live to the Nvidia earnings call here Nvidia's (NVDA) latest quarterly earnings — which as a whole topped Wall Street's estimates — showed the company expects to see $8 billion in lost revenue from the Trump administration's ban on sales of its H20 AI chips to China in the second quarter (which ends in late July). That's on top of the $2.5 billion of revenue from the H20 ban the chipmaker said it lost in the first quarter (which ended April 27). That means Nvidia is set to lose $10.5 billion in revenue due to the ban in the first and second quarters of its 2026 fiscal year alone. The Trump administration effectively banned sales of Nvidia's chips to China in early April, weeks before the end of its first quarter. Nvidia's sales to China (including Hong Kong) during the period totaled $5.5 billion, less than the $6.2 billion expected, according to Bloomberg data. That means China accounted for more than 12% of the company's total revenue. Nvidia also said it took a $4.5 billion charge due to a write-down in inventory (chips it produced but now can't sell) in the first quarter due to the new export rules — less than the $5.5 billion hit expected. "We are still evaluating our limited options to supply data center GPU products compliant with the US government's revised export control rules," said CFO Colette Kress. "Losing access to the China AI accelerator market, which we believe will grow to nearly $50 billion, would have a material adverse impact on our business going forward, and benefit our foreign competitors in China and worldwide." Singapore was once again the second-largest market for Nvidia, which gets over half of its revenue (53%) from abroad. Revenue from the region was roughly $9 billion. Notably, Singapore has been a source of chip smuggling to China. Listen live to the Nvidia earnings call here. Hyperscalers, including Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META), continued to power Nvidia's results. "We saw our Blackwell architecture ramp expand to all customer categories, while large cloud service providers remained our largest at just under 50% of Data Center revenue," the company reported in its quarterly filing. Shares of Nvidia's "Magnificent Seven" Big Tech peers — Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), and Tesla (TSLA) — didn't swing significantly after Nvidia's earnings. Other than Nvidia, Tesla led after-hours gains in the tech stock complex, rising 1.3%, while Apple was roughly flat. The others were up less than 1%. Nvidia (NVDA) stock jumped more than 3%, as Wall Street saw strength in the chipmaker's quarter. 'I thought it was a really strong quarter, all things considered,' Benchmark Company managing director Cody Acree told Yahoo Finance (see video below). "Given all the issues with China and all of the concerns about slowing capital budgets, to see the company come in with an $8 billion loss for the Chinese revenue and still come within the marginal range of estimates, I think is a victory," Acree added. Nvidia reported record revenue of $44.1 billion in the first quarter. While that marks a 69% increase over the prior year, it pales in comparison to the 262% revenue growth the AI chip giant reported a year ago. Nvidia CEO Jensen Huang said Wednesday in the company's earnings release: Nvidia's first quarter results on Wednesday came in a bit shy of Wall Street estimates, with adjusted earnings per share and revenue in its data center business falling short of expectations. In the first quarter, Nvidia earned $0.96 per share on an adjusted basis, which excludes charges related to export controls and associated tax implications, with headline revenue coming in at $44.1 billion. Diluted earnings per share came in at $0.81. Wall Street expected the company to report adjusted earnings per share of $0.88 on revenue of $43.3 billion, according to estimates from Bloomberg. A year ago, Nvidia reported adjusted EPS of $0.61 on revenue of $26 billion. Nvidia's data center business — which captures spending on its AI chips — tallied revenue of $39.1 billion, just below the $39.22 billion forecasted by the Street. Shares of the company were up about 3% in extended trading in immediate reaction to the numbers. Nvidia (NVDA) stock has rallied hard in May, gaining 24% in the past month. That leaves many investors wondering if it's a good time to pile into the stock ahead of the chip giant's earnings report. We've pointed out here that Nvidia stock tends to swing 7% in either direction the day after it reports. My colleague Laura Bratton has also noted that Nvidia's earnings often surprise Wall Street. According to tastylive founder and CEO Tom Sosnoff, volatility in the stock is low, even heading into earnings, suggesting that "the expectations are for something rangebound to happen." Sosnoff outlined several key points investors should keep in mind when determining whether to invest in a popular name like Nvidia: Pros: "It's super liquid," Sosnoff said on Wealth. "It's got a very liquid derivatives marketplace. So you can do lots of different strategies and things like that." Sosnoff also pointed out that Nvidia remains a market leader. "It's the bluest of all blue chips right now," he said. Cons: A major con, according to Sosnoff, is that "it's a crowded trade. Nvidia is pretty fully priced." He added that "for the first time, we're not seeing any call skew in there, which means that the derivatives markets, which are pretty good at pricing upside expectations, are kind of mixed right now. They're saying, 'you know what, upside and downside, we have similar expectations.'" "So I think the con is that if Nvidia misses, there's pretty decent pot odds that the downside move could be greater than the upside move if they hit it," he explained. Yahoo Finance's Josh Schafer highlighted one chart that shows how Nvidia became the dominant chipmaker and one of the most valuable companies in the world, with a market capitalization of over $3 trillion: Check out more charts like this that show Nvidia's rise. Yahoo Finance's Laura Bratton reports: Read more here. The countdown to Nvidia's earnings has begun. Beyond the top and bottom line figures, which Wall Street expects to be solid, Yahoo Finance's Brian Sozzi and Brooke Sweeney have compiled three things that investors should watch out for: Read more here. Nvidia stock (NVDA) opened modestly higher ahead of its earnings report but fluctuated in early trading. At last check, shares were down 0.3%. While some volatility is expected, investors will be watching to see how Nvidia trades around earnings — and whether its "Magnificent Seven" tech peers and the broader market move in tandem, as AI is seen as an engine to the growth of the recent bull market. Nvidia's earnings will also create an important benchmark for other AI plays and stocks tied to the technology, such as utilities and companies involved in data center infrastructure. FT reports: Read more here. Reuters reports: Read more here. It's pretty commonplace to see any chart that has to do with Nvidia's (NVDA) business over the past several years looking like a hockey stick. From a more than 700% growth in the company's market and share price since the launch of ChatGPT in late November 2022, the charts are eye-catching. But in our Chart of the Day today, we wanted to highlight how the growth of Nvidia's actual products is just as astonishing. The AI chip leader uses a metric called "AI FLOPS," which stands for floating-point calculations per second. The company provided Yahoo Finance's Laura Bratton with a breakdown of how many FLOPS each of its GPUs over the past several years has been able to hit. Hopper, first launched in 2022, maxed out at 2,958 FLOPs. Nvidia's new Blackwell chip hits about 20,000 FLOPS. You don't have to understand the granular parts of AI computing, or even what FLOPS means, to see this chart and comprehend why Nvidia is winning the AI race by a landslide right now. The productivity of the product they're selling to end users has skyrocketed just like their stock price. The competition against Nvidia (NVDA) from other chipmakers, Big Tech giants, and startups is heating up. But Nvidia still dominates, and it can maintain its manufacturing lead in the AI space for at least a year, two tech analysts told Yahoo Finance on Tuesday. "You know, the competition does have a roadmap that is expected to follow suit, but they're at least a year behind at this point," KeyBanc Capital Markets equity research analyst John Vinh said on Morning Brief. Harvest Portfolio Management chief investment officer Paul Meeks estimated that Nvidia's manufacturing lead is around a year and a half. Both analysts asserted that investing in artificial intelligence isn't an either/or proposition, especially with the kind of "voracious" demand Nvidia is expected to showcase. They highlighted AMD (AMD), Broadcom (AVGO), and Taiwan Semiconductor (TSM) as three other strong contenders in the chip race. However, Nvidia simply maintaining its lead may not be enough for Wall Street, which is coming into Nvidia earnings with high expectations. "I'm a little bit worried that although they will most likely not just meet but beat slightly, will that be enough to appease Wall Street?" Meeks said. "Remember, part of the thesis here was their revenues were going to rapidly reaccelerate in the second half of this year," he added. "With all the geopolitical turbulence, I don't know if that's the case." China continues to be a major source of revenue for Nvidia, as Yahoo Finance's Laura Bratton reports the chipmaker is estimated to have made more than $6 billion from sales to the country in Q1: Read more here. Note: This blog was updated to correct the date that Nvidia's first quarter ended. Wall Street is overwhelmingly bullish on Nvidia (NVDA) stock, with 87% of analysts holding a Buy rating on the stock. But as Yahoo Finance's Brian Sozzi and Brooke Sweeney point out, there are still a few expecting disappointment when the AI chipmaker reports earnings on Wednesday. The bear case: Read more here. The artificial intelligence gold rush could come at a steep cost for the environment, Yahoo Finance's Brian Sozzi and Brooke Sweeney report: Read more here. Nvidia CEO Jensen Huang remarked on the Trump administration's ban on a less powerful version of its Hopper chips for China during a call with analysts following its first quarter earnings results: Listen live to the Nvidia earnings call here. The earnings call has begun, and Nvidia CFO Colette Kress noted that Big Tech companies continue to ramp up data center spending. "Major hyperscalers are each deploying nearly ... 72,000 Blackwell GPUs per week, and are on track to clear ramp output this quarter," Kress said. "Microsoft, for example, has already deployed tens of thousands of Blackwell GPUs and is expected to ramp to hundreds of thousands of GB200s with OpenAI as one of its key customers." Listen live to the Nvidia earnings call here Nvidia's (NVDA) latest quarterly earnings — which as a whole topped Wall Street's estimates — showed the company expects to see $8 billion in lost revenue from the Trump administration's ban on sales of its H20 AI chips to China in the second quarter (which ends in late July). That's on top of the $2.5 billion of revenue from the H20 ban the chipmaker said it lost in the first quarter (which ended April 27). That means Nvidia is set to lose $10.5 billion in revenue due to the ban in the first and second quarters of its 2026 fiscal year alone. The Trump administration effectively banned sales of Nvidia's chips to China in early April, weeks before the end of its first quarter. Nvidia's sales to China (including Hong Kong) during the period totaled $5.5 billion, less than the $6.2 billion expected, according to Bloomberg data. That means China accounted for more than 12% of the company's total revenue. Nvidia also said it took a $4.5 billion charge due to a write-down in inventory (chips it produced but now can't sell) in the first quarter due to the new export rules — less than the $5.5 billion hit expected. "We are still evaluating our limited options to supply data center GPU products compliant with the US government's revised export control rules," said CFO Colette Kress. "Losing access to the China AI accelerator market, which we believe will grow to nearly $50 billion, would have a material adverse impact on our business going forward, and benefit our foreign competitors in China and worldwide." Singapore was once again the second-largest market for Nvidia, which gets over half of its revenue (53%) from abroad. Revenue from the region was roughly $9 billion. Notably, Singapore has been a source of chip smuggling to China. Listen live to the Nvidia earnings call here. Hyperscalers, including Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META), continued to power Nvidia's results. "We saw our Blackwell architecture ramp expand to all customer categories, while large cloud service providers remained our largest at just under 50% of Data Center revenue," the company reported in its quarterly filing. Shares of Nvidia's "Magnificent Seven" Big Tech peers — Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), and Tesla (TSLA) — didn't swing significantly after Nvidia's earnings. Other than Nvidia, Tesla led after-hours gains in the tech stock complex, rising 1.3%, while Apple was roughly flat. The others were up less than 1%. Nvidia (NVDA) stock jumped more than 3%, as Wall Street saw strength in the chipmaker's quarter. 'I thought it was a really strong quarter, all things considered,' Benchmark Company managing director Cody Acree told Yahoo Finance (see video below). "Given all the issues with China and all of the concerns about slowing capital budgets, to see the company come in with an $8 billion loss for the Chinese revenue and still come within the marginal range of estimates, I think is a victory," Acree added. Nvidia reported record revenue of $44.1 billion in the first quarter. While that marks a 69% increase over the prior year, it pales in comparison to the 262% revenue growth the AI chip giant reported a year ago. Nvidia CEO Jensen Huang said Wednesday in the company's earnings release: Nvidia's first quarter results on Wednesday came in a bit shy of Wall Street estimates, with adjusted earnings per share and revenue in its data center business falling short of expectations. In the first quarter, Nvidia earned $0.96 per share on an adjusted basis, which excludes charges related to export controls and associated tax implications, with headline revenue coming in at $44.1 billion. Diluted earnings per share came in at $0.81. Wall Street expected the company to report adjusted earnings per share of $0.88 on revenue of $43.3 billion, according to estimates from Bloomberg. A year ago, Nvidia reported adjusted EPS of $0.61 on revenue of $26 billion. Nvidia's data center business — which captures spending on its AI chips — tallied revenue of $39.1 billion, just below the $39.22 billion forecasted by the Street. Shares of the company were up about 3% in extended trading in immediate reaction to the numbers. Nvidia (NVDA) stock has rallied hard in May, gaining 24% in the past month. That leaves many investors wondering if it's a good time to pile into the stock ahead of the chip giant's earnings report. We've pointed out here that Nvidia stock tends to swing 7% in either direction the day after it reports. My colleague Laura Bratton has also noted that Nvidia's earnings often surprise Wall Street. According to tastylive founder and CEO Tom Sosnoff, volatility in the stock is low, even heading into earnings, suggesting that "the expectations are for something rangebound to happen." Sosnoff outlined several key points investors should keep in mind when determining whether to invest in a popular name like Nvidia: Pros: "It's super liquid," Sosnoff said on Wealth. "It's got a very liquid derivatives marketplace. So you can do lots of different strategies and things like that." Sosnoff also pointed out that Nvidia remains a market leader. "It's the bluest of all blue chips right now," he said. Cons: A major con, according to Sosnoff, is that "it's a crowded trade. Nvidia is pretty fully priced." He added that "for the first time, we're not seeing any call skew in there, which means that the derivatives markets, which are pretty good at pricing upside expectations, are kind of mixed right now. They're saying, 'you know what, upside and downside, we have similar expectations.'" "So I think the con is that if Nvidia misses, there's pretty decent pot odds that the downside move could be greater than the upside move if they hit it," he explained. Yahoo Finance's Josh Schafer highlighted one chart that shows how Nvidia became the dominant chipmaker and one of the most valuable companies in the world, with a market capitalization of over $3 trillion: Check out more charts like this that show Nvidia's rise. Yahoo Finance's Laura Bratton reports: Read more here. The countdown to Nvidia's earnings has begun. Beyond the top and bottom line figures, which Wall Street expects to be solid, Yahoo Finance's Brian Sozzi and Brooke Sweeney have compiled three things that investors should watch out for: Read more here. Nvidia stock (NVDA) opened modestly higher ahead of its earnings report but fluctuated in early trading. At last check, shares were down 0.3%. While some volatility is expected, investors will be watching to see how Nvidia trades around earnings — and whether its "Magnificent Seven" tech peers and the broader market move in tandem, as AI is seen as an engine to the growth of the recent bull market. Nvidia's earnings will also create an important benchmark for other AI plays and stocks tied to the technology, such as utilities and companies involved in data center infrastructure. FT reports: Read more here. Reuters reports: Read more here. It's pretty commonplace to see any chart that has to do with Nvidia's (NVDA) business over the past several years looking like a hockey stick. From a more than 700% growth in the company's market and share price since the launch of ChatGPT in late November 2022, the charts are eye-catching. But in our Chart of the Day today, we wanted to highlight how the growth of Nvidia's actual products is just as astonishing. The AI chip leader uses a metric called "AI FLOPS," which stands for floating-point calculations per second. The company provided Yahoo Finance's Laura Bratton with a breakdown of how many FLOPS each of its GPUs over the past several years has been able to hit. Hopper, first launched in 2022, maxed out at 2,958 FLOPs. Nvidia's new Blackwell chip hits about 20,000 FLOPS. You don't have to understand the granular parts of AI computing, or even what FLOPS means, to see this chart and comprehend why Nvidia is winning the AI race by a landslide right now. The productivity of the product they're selling to end users has skyrocketed just like their stock price. The competition against Nvidia (NVDA) from other chipmakers, Big Tech giants, and startups is heating up. But Nvidia still dominates, and it can maintain its manufacturing lead in the AI space for at least a year, two tech analysts told Yahoo Finance on Tuesday. "You know, the competition does have a roadmap that is expected to follow suit, but they're at least a year behind at this point," KeyBanc Capital Markets equity research analyst John Vinh said on Morning Brief. Harvest Portfolio Management chief investment officer Paul Meeks estimated that Nvidia's manufacturing lead is around a year and a half. Both analysts asserted that investing in artificial intelligence isn't an either/or proposition, especially with the kind of "voracious" demand Nvidia is expected to showcase. They highlighted AMD (AMD), Broadcom (AVGO), and Taiwan Semiconductor (TSM) as three other strong contenders in the chip race. However, Nvidia simply maintaining its lead may not be enough for Wall Street, which is coming into Nvidia earnings with high expectations. "I'm a little bit worried that although they will most likely not just meet but beat slightly, will that be enough to appease Wall Street?" Meeks said. "Remember, part of the thesis here was their revenues were going to rapidly reaccelerate in the second half of this year," he added. "With all the geopolitical turbulence, I don't know if that's the case." China continues to be a major source of revenue for Nvidia, as Yahoo Finance's Laura Bratton reports the chipmaker is estimated to have made more than $6 billion from sales to the country in Q1: Read more here. Note: This blog was updated to correct the date that Nvidia's first quarter ended. Wall Street is overwhelmingly bullish on Nvidia (NVDA) stock, with 87% of analysts holding a Buy rating on the stock. But as Yahoo Finance's Brian Sozzi and Brooke Sweeney point out, there are still a few expecting disappointment when the AI chipmaker reports earnings on Wednesday. The bear case: Read more here. The artificial intelligence gold rush could come at a steep cost for the environment, Yahoo Finance's Brian Sozzi and Brooke Sweeney report: Read more here. 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Yahoo
28-05-2025
- Business
- Yahoo
Nvidia earnings topped forecasts by 10% over past 2 years, double the S&P 500 beat
Nvidia's (NVDA) earnings and revenue beat Wall Street's expectations nearly every quarter over the past two years. Over the past eight quarters, Nvidia's earnings per share exceeded Wall Street's projections by an average of 9.8%. Over that same time frame, Nvidia's quarterly revenue beat the Street by an average of 8.9%. Meanwhile, S&P 500 companies reported earnings and sales roughly 5% and 1.3% above Wall Street's expectations in that time frame, according to Bloomberg data. Only once in that period — during the second quarter of its fiscal year 2025 — did Nvidia's earnings miss forecasts. Its revenue has exceeded forecasts during each of the past eight quarters. Stifel analyst Ruben Roy and Bank of America's Vivek Arya expect that Nvidia's April quarter earnings results — its fiscal 2026 first quarter — will show a "modest" beat, coming in above Wall Street's projections as they expect demand for the company's Hopper and Blackwell chips will outweigh potential impacts from a newly enacted ban on exports of its H20 chips to China. Wall Street analysts estimate that Nvidia will report adjusted earnings per share (EPS) of $0.88 on revenue of $43.3 billion, according to Bloomberg consensus data. The chipmaker reported adjusted EPS of $0.61 on revenue of $26 billion in the same period last year, Yahoo Finance's Dan Howley reported. "We expect largely inline results and outlook despite the negative top-line impact related to recently disclosed H20 restrictions," Stifel analyst Ruben Roy wrote in a May 22 note to investors, citing "demand for H200, coupled with initial GB200 ramps." Nvidia's H200 chips are its second-generation Hopper graphics processing units (GPUs), and its GB200 servers contain 72 of its Blackwell GPUs. In February, Nvidia reported earnings and revenue for its fiscal fourth quarter that surpassed Wall Street's expectations as the chipmaker officially announced that it had achieved full-scale production of its latest Blackwell GPUs and generated $11 billion during the period from the latest AI chips. Nvidia stock fell 8.5% following its fourth quarter report, however, as its outlook for the first quarter gross margin came in lower than estimates. Options traders tracked by Bloomberg forecast shares could rise or fall as much as 7.4% following Nvidia's results Wednesday after the bell. Nvidia stock has struggled in 2025. Shares plunged in January when a new cheap AI model from Chinese startup DeepSeek prompted demand concerns for its AI chips, and again in April as Trump's trade war rocked the stock market. The stock rose over 3% on Tuesday and traded flat on Wednesday ahead of the chipmaker's earnings report. Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @ Email her at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Nvidia earnings topped forecasts by 10% over past 2 years, double the S&P 500 average
Nvidia's (NVDA) earnings and revenue beat Wall Street's expectations nearly every quarter over the past two years. Over the past eight quarters, Nvidia's earnings per share exceeded Wall Street's projections by an average of 9.8%. Over that same time frame, Nvidia's quarterly revenue beat the Street by an average of 8.9%. Meanwhile, S&P 500 companies reported earnings and sales roughly 5% and 1.3% above Wall Street's expectations in that time frame, according to Bloomberg data. Only once in that period — during the second quarter of its fiscal year 2025 — did Nvidia's earnings miss forecasts. Its revenue has exceeded forecasts during each of the past eight quarters. Stifel analyst Ruben Roy and Bank of America's Vivek Arya expect that Nvidia's April quarter earnings results — its fiscal 2026 first quarter — will show a "modest" beat, coming in above Wall Street's projections as they expect demand for the company's Hopper and Blackwell chips will outweigh potential impacts from a newly enacted ban on exports of its H20 chips to China. Wall Street analysts estimate that Nvidia will report adjusted earnings per share (EPS) of $0.88 on revenue of $43.3 billion, according to Bloomberg consensus data. The chipmaker reported adjusted EPS of $0.61 on revenue of $26 billion in the same period last year, Yahoo Finance's Dan Howley reported. "We expect largely inline results and outlook despite the negative top-line impact related to recently disclosed H20 restrictions," Stifel analyst Ruben Roy wrote in a May 22 note to investors, citing "demand for H200, coupled with initial GB200 ramps." Nvidia's H200 chips are its second-generation Hopper graphics processing units (GPUs), and its GB200 servers contain 72 of its Blackwell GPUs. In February, Nvidia reported earnings and revenue for its fiscal fourth quarter that surpassed Wall Street's expectations as the chipmaker officially announced that it had achieved full-scale production of its latest Blackwell GPUs and generated $11 billion during the period from the latest AI chips. Nvidia stock fell 8.5% following its fourth quarter report, however, as its outlook for the first quarter gross margin came in lower than estimates. Options traders tracked by Bloomberg forecast shares could rise or fall as much as 7.4% following Nvidia's results Wednesday after the bell. Nvidia stock has struggled in 2025. Shares plunged in January when a new cheap AI model from Chinese startup DeepSeek prompted demand concerns for its AI chips, and again in April as Trump's trade war rocked the stock market. The stock rose over 3% on Tuesday and traded flat on Wednesday ahead of the chipmaker's earnings report. Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @ Email her at
