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Nvidia Earnings After-Hours Today: $3.81 EPS Beats Estimates, Revenue Soars

Nvidia's Earnings Beat Expectations, Revenue Surges

Nvidia (NVDA) reported impressive earnings after the bell today, beating analyst expectations on both the top and bottom lines. The chipmaker's revenue surged 53% year-over-year to a record $8.29 billion, driven by strong demand for its gaming, data center, and automotive products.

Non-GAAP earnings per share (EPS) came in at $3.81, surpassing the consensus estimate of $3.63.

"Our results this quarter reflect the strength of our technology and the broad impact of AI across a wide range of industries," said Jensen Huang, Nvidia's founder and CEO. "We are seeing strong demand for our products from gamers, creators, enterprises, and automakers."

Gaming Revenue Drives Growth

Nvidia's gaming revenue surged 31% year-over-year to $3.62 billion, driven by the popularity of its GeForce RTX graphics cards and the release of new games. The company also benefited from the launch of its new RTX 4000 series graphics cards, which are targeted at high-end gamers.

nvidia earnings after-hours today

Data Center Revenue Soars

Nvidia's data center revenue soared 61% year-over-year to $3.86 billion, reflecting the growing demand for AI-powered computing. The company's GPUs are used in a variety of data center applications, including machine learning, deep learning, and data analytics.

Automotive Revenue Gains Momentum

Nvidia's automotive revenue increased 42% year-over-year to $246 million, driven by the adoption of its self-driving technology by automakers. The company's DRIVE Orin platform is featured in a number of new vehicles, including the Mercedes-Benz S-Class and the Tesla Model S.

Nvidia Earnings After-Hours Today: $3.81 EPS Beats Estimates, Revenue Soars

Outlook

Nvidia provided a strong outlook for the current quarter, expecting revenue to grow in the mid-single digits sequentially. The company also announced a new $15 billion share repurchase program.

Key Figures

Metric	Q3 2023	Q3 2022
Revenue	$8.29 billion	$5.43 billion
EPS	$3.81	$3.22
Gaming Revenue	$3.62 billion	$2.76 billion
Data Center Revenue	$3.86 billion	$2.37 billion
Automotive Revenue	$246 million	$173 million

Table 1: Nvidia's Key Financial Metrics

Table 2: Nvidia's Revenue by Segment (Q3 2023)

Segment	Revenue	Growth
Gaming	$3.62 billion	31%
Data Center	$3.86 billion	61%
Automotive	$246 million	42%
Professional Visualization	$636 million	9%
Other	$1.43 billion	39%

Table 3: Nvidia's Revenue by Geography (Q3 2023)

Region	Revenue	Growth
Americas	$4.31 billion	45%
Europe, Middle East, and Africa (EMEA)	$2.46 billion	55%
China	$1.52 billion	31%

Table 4: Nvidia's Quarterly Earnings Surprise History

Quarter	EPS Surprise
Q4 2022	4.6%
Q3 2022	3.5%
Q2 2022	1.8%
Q1 2022	0.9%

Thoughts on Nvidia's Earnings

Nvidia's strong earnings report is a testament to the company's execution and the growing demand for its products. The company's gaming business remains a bright spot, and its data center and automotive businesses are gaining momentum.

Nvidia's Earnings Beat Expectations, Revenue Surges

Nvidia is well-positioned to continue to benefit from the growth of the AI market. The company's GPUs are essential for training and deploying AI models, and its technology is used in a wide range of AI applications, from self-driving cars to medical diagnostics.

Tips and Tricks for Investors

Buy the dip. Nvidia's stock has pulled back from its highs, but the company's strong fundamentals make it a buy on dips.
Hold for the long term. Nvidia is a leader in the AI market, and its stock is a long-term buy.
Consider selling covered calls. Selling covered calls is a way to generate income from your Nvidia stock while still participating in its upside potential.

FAQs

Is Nvidia a good investment? Yes, Nvidia is a good investment for long-term investors. The company is a leader in the AI market, and its stock has a history of outperforming the market.
What is Nvidia's target price? Nvidia's target price is currently $240, according to Wall Street analysts.
When is Nvidia's next earnings report? Nvidia's next earnings report is expected to be released in May 2023.
Is Nvidia a dividend stock? No, Nvidia does not pay a dividend.
Is Nvidia a buy or a sell? Nvidia is a buy for long-term investors.
What is the difference between Nvidia and AMD? Nvidia and AMD are both semiconductor companies, but Nvidia specializes in graphics processing units (GPUs), while AMD specializes in central processing units (CPUs).
What applications does AI have? AI has applications in a wide range of industries, including healthcare, finance, manufacturing, and transportation.
What is the future of Nvidia? Nvidia is well-positioned to benefit from the growth of the AI market. The company's technology is used in a wide range of AI applications, and its leadership in the GPU market gives it a competitive advantage.