Nvidia Q3 earnings
Stock Market Analysis

Nvidia Q3 Earnings: What to Expect

The GPU maker Nvidia is reporting earnings for Q3 of the fiscal year 2021 this week. Here’s what you can expect. 

It was quite the quarter for Nvidia. The launch of its highly sought-after new line of graphics cards brought equal amounts of joy and despair to its loyal customer base as they sold out seconds after launch. They also made one of the largest acquisitions of the year to boot, so I expect this week’s earnings call to be a busy one. The stock is up 11% since its Q2 call and has been trading pretty flat for the past month. 

When is Nvidia’s earnings date?

Nvidia reports its earnings for Q3 of the fiscal year 2021 on Wednesday, 18 November at 5 pm Eastern Time. 

How can I listen to Nvidia’s earnings call?

To listen to the call and to access the transcript, as well as the shareholder’s letter and the financial statements for the quarter, all you need to do is go to Nvidia’s investor relations page

What to expect

The consensus estimate for Nvidia’s Q3 call is earnings per share of $1.68 on revenue of $4.42 billion. This is compared to $1.45 on the $3.01 billion it took in last year. The rise is powered to some extent by the launch of Nvidia’s new line of graphics cards for gaming. The GeForce RTX 3080 cards have been in high demand, resulting in analysts expecting Nvidia to take in $2.21 billion from its gaming operations. 

Not only did they launch its new line of graphics cards, but it also made one of the biggest acquisitions of the year in buying Arm Holdings for $40 billion in September from Softbank. Expect some of tomorrow’s call to revolve around the finalizing of this deal, whether the company is concerned about the added scrutiny from the U.K. government about the acquisition and the synergies that will arise once it has been finalized. 

Another big talking point will be the growth of Nvidia’s data center revenue. The previous quarter saw the company’s data center revenue eclipse that of the money it makes from its gaming operations for the first time. While this is expected to revert thanks to the launch of the new graphics cards, many people will be keeping a close eye on if it can maintain and build on this growth and analysts expect the company to take in $1.8 billion from its data center operations. 

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Michael O'Mahony
Michael O'Mahony
Michael is a writer here at MyWallSt. His first and favorite stock is Square, which he sees becoming a massive player in the payments industry and a leader in the war on cash.