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02-11-2024

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Nvidia's Earnings Dates: What to Watch For in 2023

Nvidia (NVDA) is a tech giant known for its powerful graphics processing units (GPUs) that are used in everything from gaming to artificial intelligence. Naturally, investors are keen to understand the company's financial performance, and earnings dates are key events to watch. This article will delve into Nvidia's earnings dates in 2023 and highlight some key factors to watch for.

Understanding Nvidia's Earnings Cycle

Nvidia typically releases its quarterly earnings reports on a schedule that follows these guidelines:

• Fourth Quarter: February (historically reported in late February)
• First Quarter: May
• Second Quarter: August
• Third Quarter: November

2023 Earnings Dates:

As of October 26, 2023, Nvidia's 2023 earnings dates have been confirmed:

• Q4 2023 (Fiscal Year 2023): February 22, 2024 (after market close)
• Q1 2024 (Fiscal Year 2024): May 23, 2024 (after market close)

Key Factors to Watch for in Nvidia's Earnings Reports

Nvidia's earnings reports are closely scrutinized by investors, who look for insights into the company's performance in key areas:

• Data Center Revenue: This segment has been a significant growth driver for Nvidia, driven by the increasing adoption of artificial intelligence (AI) and high-performance computing (HPC) applications. According to a recent report by Gartner [1], the global data center market is expected to reach $320 billion by 2025, highlighting the potential for continued growth in this sector.
• Gaming Revenue: This segment continues to be a core part of Nvidia's business, though growth has slowed in recent years due to factors like the decline in PC gaming and the rise of cloud gaming services. However, Nvidia has been pushing its GeForce NOW cloud gaming service [2], which could impact its future growth in this area.
• Automotive Revenue: Nvidia is a major player in the automotive industry, providing chips and software for autonomous driving systems. This segment has been growing steadily, and Nvidia is expected to benefit from the increasing adoption of self-driving technologies.
• Operating Margins: This metric reflects Nvidia's profitability and efficiency. Investors will be looking for signs of sustained margins, especially in light of the competitive landscape.

Beyond the Numbers: What to Look for in Nvidia's Earnings Calls

Beyond the raw numbers, investors will also pay attention to the company's guidance for future quarters. This guidance can provide insights into Nvidia's expectations for growth and profitability in the coming months.

Analysts' Expectations:

It's important to note that analysts' expectations for Nvidia's earnings can influence market reaction to the actual results. These expectations can be found on financial websites like Yahoo Finance and Seeking Alpha, and can provide a baseline for evaluating the company's performance.

Conclusion:

Nvidia's earnings dates are significant events for investors who are looking for insights into the company's financial performance and future prospects. By understanding the key factors to watch for in the earnings reports and calls, investors can make more informed decisions about their investments in NVDA stock.

References:

[1] Gartner: "Forecast: Data Center Infrastructure, Worldwide, 2021-2025" [2] Nvidia GeForce NOW: https://www.nvidia.com/en-us/geforce-now/

Note: This article provides general information and should not be considered financial advice. Please consult with a qualified financial advisor for personalized investment advice.