It trades at about $166 today, which is 52% below its all-time highs from just last November. It was founded in 1993 and went public in 1999 at $12 a share. NVIDIA essentially invented the graphics processing unit (GPU), which are semiconductors that enable graphics to show on computers, mobile devices, workstations, or any other electronic device.Īs the first mover in a critical space, NVIDIA has been highly successful throughout the years. Stay tuned to Shacknews as we cover further Q3 earnings reporting from throughout the gaming and tech industry.NVIDIA Corporation (NASDAQ: NVDA) may not get quite as much attention as an Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), or Tesla (NASDAQ: TSLA), but it is a hugely important company for our digital age. With the absolute difficulty of obtaining an NVIDIA RTX GPU right now, it at least looks like demand is in NVIDIA’s favor for the foreseeable future. NVIDIA’s powerful performance is unique in Q3 in a world affected by issues of supply in terms of the semiconductor famine and shipping ports being congested, as noted by Tesla. NVIDIA RTX has reinvented computer graphics with ray tracing and AI, and is the ideal upgrade for the large, growing market of gamers and creators, as well as designers and professionals building home workstations.” ~ Jensen Huang “Demand for NVIDIA AI is surging, driven by hyperscale and cloud scale-out, and broadening adoption by more than 25,000 companies. NVIDIA (NVDA)'s stock price took an upturn in trading value after hours amid the successful stats of its recent Q3 2022 reportingĬompany CEO and founder Jensen Huang attributed NVIDIA’s massively strong quarter towards its currently running and high-demand products, including NVIDIA’s latest RTX graphics products and its AI services, as described in the accompanying press release.
Both numbers made for a pretty stellar Q3 report for NVIDIA.
The company achieved a non-GAAP EPS of $1.17 per share versus consensus estimate of $1.1. Its non-GAAP EPS was also a winning stat. This was also a win versus the consensus estimate of $6.83 billion, and a pretty hefty win at that. According to the report, NVIDIA pulled in $7.1 billion USD in Non-GAAP revenue - reportedly a record quarter for the company.
The NVIDIA (NVDA) company released its Q3 2022 earnings report on its investor relations website on November 17, 2021.
The company is booming and it lead to the report that it had achieved record revenue and a solid earnings-per-share (EPS) this last quarter, beating consensus estimates on both. If NVIDIA is having issues with semiconductor resources, it also didn’t show up here. The company’s quarterly report was stellar with products like NVIDIA AI and RTX GPUs out the door, for which demand is astronomically high in both areas. NVIDIA has reported their Q3 2022 earnings today and it was good news to say the least.
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