Growth was driven by record revenue in the gaming and data center platforms. *Calculated by the author based on the metrics for which management provides guidance.įor context, last quarter, Nvidia's revenue jumped 46% year over year (and 8% sequentially) to a record $8.29 billion. Fiscal Q2 2023 covers the May-through-July 2022 period. Wall Street's Fiscal Q2 2023 Consensus Estimateĭata sources: Nvidia and Yahoo! Finance. Here's what to watch in the company's Q2 report. Long-term investors should focus on how well Nvidia seems to be setting itself up for long-term growth. The current global environment is characterized by high inflation, slowing economic growth, and supply chain bottlenecks stemming mainly from the pandemic. Management was likely being more conservative than usual given the challenging macroeconomic environment. However, Nvidia's second-quarter guidance for both the top and bottom lines came in lower than analysts had been expecting. That marked at least the eighth consecutive quarter that the company has topped analysts' earnings projection. On the positive side, last quarter, investors drove the stock up 5.2% after the company beat Wall Street's consensus estimates for both revenue and earnings. Investors will probably be approaching the technology giant's report with cautious optimism. An analyst conference call is scheduled for the same day at 5 p.m. Nvidia ( NVDA -0.74%) is slated to report its second-quarter results for fiscal 2023 (the May to July 2022 period) after the market closes on Wednesday, Aug.
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