This was a fantastic quarter for Nvidia with 52.7% revenue growth, beating analyst estimates by 2.87%. Semiconductors are a cyclical industry and long-term investors should be prepared for periods of high growth, followed by periods of revenue contractions (which can sometimes offer opportune times to buy). And as you can see below, last year has been especially strong, with quarterly revenue growing from $5 billion to $7.64 billion. Nvidia's revenue growth over the last three years has been very strong, averaging 37.4% annually. Like all semiconductor companies, digital chip makers exhibit a degree of cyclicality, driven by supply and demand imbalances and exposure to PC and Smartphone product cycles. The biggest demand drivers for processors (CPUs) and graphics chips at the moment are secular trends related to 5G and Internet of Things, autonomous driving, and high performance computing in the data center space, specifically around AI and machine learning. “We are seeing exceptional demand for NVIDIA computing platforms,” said Jensen Huang, founder and CEO of NVIDIA.įounded in 1993 by Jensen Huang and two former Sun Microsystems engineers, Nvidia (NASDAQ:NVDA) is a leading fabless designer of chips used in gaming, PCs, data centers, automotive, and a variety of end markets. Gross Margin (GAAP): 65.4%, up from 63% same quarter last year.
Inventory Days Outstanding: 90, up from 82 previous quarter.Revenue guidance for Q1 2023 is $8.1 billion at the midpoint, above analyst estimates of $7.28 billion.Revenue: $7.64 billion vs analyst estimates of $7.42 billion (2.87% beat).
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