Looking at forward P/E ratios, NVDA still trades at a 30 multiple, dwarfing rivals like Advanced Micro Devices (NASDAQ: AMD) (forward P/E of 22), Texas Instruments (NASDAQ: TXN) (19), Intel (NASDAQ: INTC) (12), Qualcomm (NASDAQ: QCOM) (10) and Micron Technology (NASDAQ: MU) (6). Meanwhile, on the valuation front, NVDA continues to command a “best in breed” premium over its smaller rivals. Traders will be on the lookout for any signals that the supply-demand balance for chips is shifting in this quarter’s earnings report.
While that would certainly bode well for sales volumes moving forward, it could cut into average selling prices (ASP) and may hurt the company’s impressive profit margins. Last month, NVIDIA noted that its graphics processing units (GPUs) are ‘restocked and reloaded’, hinting that the worst of the chip shortage may be behind the company. Not surprisingly, the chipmaker has seen its sales grow 6X in the last nine years, from $4.3B in 2013 to nearly $22B in 2022.Įxpectations remain elevated for this quarter, with traders expecting both revenue and earnings to rise by more than 40% year-over-year, but the proverbial “elephant in the room” will be the global semiconductor shortage. If you tried to invent a business to capitalize on exciting secular technology trends like gaming, artificial intelligence, data centers, autonomous car development, crypto asset mining, and 5G communication technology, you would create NVIDIA. What are analysts expecting for NVDA earnings?Ĭonsensus analyst expectations are for the company to report $1.20 in EPS on $8.1B in revenue. NVIDIA (NASDAQ: NVDA) is scheduled to release earnings after the markets close on Wednesday May 25.
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