Live Updates: Will NVIDIA (Nasdaq: NVDA) Stock Soar After Earnings Tonight?
Live Updates Live Coverage Updates appear automatically as they are published. NVIDIA Calm in Premarket Trading 8:44 am by Eric Bleeker NVIDIA is up about .76% as of 8:45 a.m. ET. Nasdaq futures are up .23% premarket, while S&P futures are up .09%. It looks to be a relatively muted day (barring a curveball like […] The post Live Updates: Will NVIDIA (Nasdaq: NVDA) Stock Soar After Earnings Tonight? appeared first on 24/7 Wall St..
Live Updates
NVIDIA Calm in Premarket Trading
NVIDIA is up about .76% as of 8:45 a.m. ET.
Nasdaq futures are up .23% premarket, while S&P futures are up .09%. It looks to be a relatively muted day (barring a curveball like new tariff announcements) following yesterday’s big gains. NVIDIA finished yesterday up 3.21% and is now up about 25% in the prior month.
It’s time for the ‘Super Bowl of Earnings.’ NVIDIA reports after the bell today, and we are updating this live earnings blog throughout the day before NVIDIA’s Fiscal first quarter earnings. Here are the main numbers Wall Street expects the company to deliver:
- Revenue: $43.24 Billion
- Operating Earnings: $22.03 Billion
- EPS: $.75
You can find some of the most important storylines headed into this earnings release below.
Updates will continue flowing throughout the day, and we’ll have live analysis the moment NVIDIA’s numbers are released.
Areas to Watch When NVIDIA Reports Earnings
After NVIDIA last reported earnings on February 26th, its shares fell 8.5%. Despite its massive size, NVIDIA can still see large movements after earnings, so here are a few key areas to watch:
- Margins: Wall Street has focused on gross margins in recent conference calls. Recently, NVIDIA has seen exceptional gross margins north of 70%. The fear is that as AI continues to grow and threats from companies like Broadcom and AMD mature, NVIDIA’s margins will continue to decrease. Watch for Wall Street to continue pressing on questions on NVIDIA’s margin profile as their lineup of next-generation Blackwell chips continues to ship.
- China: NVIDIA took a $5.5 billion inventory write-down last quarter after new export controls forced it to stop selling its H20 chips to China. Recently, NVIDIA began designing new chips targeting the Chinese market, but most estimates put their revenue shortfall from current export controls at about $15 billion in the first two quarters of the year. Will NVIDIA discuss what kind of earnings impact reduced sales to China could have over a broader period?
- Blackwell Progress: Expensive servers containing dozens of NVIDIA’s new Blackwell GPUs have been delayed due to overheating issues. However, recent reports in the Financial Times point to suppliers overcoming technical issues that will allow them to ship server racks full of NVIDIA chips in greater volume. Will a coming boom of Blackwell shipments allow NVIDIA to issue guidance that surpasses Wall Street’s expectations?
24/7 Wall Street Earnings Snapshot
Headed into earnings, here are some key metrics for NVIDIA
- Market Cap: $3.304 Trillion
- Forward Earnings: 32.6X
- Recent Revenue Growth Rate: 77.9% last quarter
- Streak Beating Wall Street Estimates: 9 straight quarters
The post Live Updates: Will NVIDIA (Nasdaq: NVDA) Stock Soar After Earnings Tonight? appeared first on 24/7 Wall St..
