Free Research Report as NVIDIA Posted Record Revenue and Earnings

Stock Monitor: JinkoSolar Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 26, 2017 / Active-Investors.com has just released a free earnings report on NVIDIA Corp. (NASDAQ: NVDA). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NVDA. NVIDIA reported its third quarter fiscal 2018 operating results on November 08, 2017. The Chipmaker outperformed top- and bottom-line expectations and provided outlook for the upcoming quarter. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for JinkoSolar Holding Co., Ltd. (NYSE: JKS), which also belongs to the Technology sector as the Company NVIDIA. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, NVIDIA most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

NVIDIA today reported record revenue for the third quarter ended October 29, 2017, of $2.64 billion, up 32% from $2.00 billion in Q3 FY18. Growth was driven by graphics processing unit (GPU) for gaming, datacenter, and professional visualization, as well as Tegra® processors. The Company’s revenue numbers surpassed analysts’ expectations of $2.36 billion.

During Q3 FY18, NVIDIA’s GAAP gross margin was 59.5% and non-GAAP gross margin was 59.7%, increasing from the prior year due to strong growth in datacenter revenue and the mix within the Company’s gaming GPUs. NVIDIA’s GAAP operating income totaled $895 million for the reported quarter, up 40% on a y-o-y basis. The Company’s non-GAAP operating income surged 42% $1.01 billion, up 42% on a y-o-y basis.

During Q3 FY18, NVIDIA’s GAAP net income was a record $838 million and earnings per diluted share were $1.33, up 55% and 60%, respectively, on a y-o-y basis. The Company’s non-GAAP net income were a record $833 million and earnings per diluted share were $1.33, up 46% and 41% on a y-o-y basis, respectively, from the year earlier corresponding quarter, fueled by strong revenue growth and improved gross and operating margins. NVIDIA’s earnings beat Wall Street’s estimates of $0.94 per share.

NVIDIA’s Segment Results

During Q3 FY18, the GPU business’ revenue was $2.22 billion, up 31% y-o-y from a year earlier, with strength across all platforms, including gaming, datacenter, and professional visualization platforms. The Company posted record GeForce GPU gaming revenue of $1.56 billion, led by continued strong adoption of Pascal™-based GeForce® GTX gaming platforms.

During Q3 FY18, the Datacenter revenue was a record $501 million, up 109% on a y-o-y basis, reflecting shipments of the Company’s Volta GPU architecture. NVIDIA’s Datacenter growth was fueled by strong demand by hyperscale and cloud customers for deep learning training and accelerated GPU computing, as well as demand for HPC, DGX AI supercomputing, and GRID virtualization platforms. For Q3 FY18, NVIDIA’s professional visualization revenue grew 15% on a y-o-y basis to a record $239 million, led by high-end mobile platforms.

For Q3 FY18, the Tegra Processor business’ revenue, which included gaming development platforms and services, totaled $419 million, up 74% on a y-o-y basis. The Tegra Processor business’ revenue included SOC modules for the Nintendo Switch gaming console and development services.

Balance Sheet and Cash Flow

NVIDIA’s cash, cash equivalents, and marketable securities at the end of Q3 FY18 were $6.32 billion compared to $5.88 billion at the end of Q2 FY18.

During Q3 FY18, NVIDIA’s accounts receivable was $1.17 billion compared to $1.21 billion in the prior quarter. The Company’s DSO at quarter-end was 40 days, down from 49 days in the prior quarter.

For Q3 FY18, NVIDIA’s cash flow from operating activities was a record $1.16 billion, up from $705 million in Q2 FY18. The sequential increase was primarily due to growth in net income and strong collections of accounts receivable and other changes in working capital.

During Q3 FY18, NVIDIA’s free cash flow was $1.09 billion compared to $650 million in Q2 FY18. The Company’s depreciation and amortization (D&A) expense amounted to $50 million for the reported quarter.

Capital Return

During the first nine months of fiscal 2018, NVIDIA returned to shareholders $909 million in share repurchases and $250 million in cash dividends. As a result, the Company returned an aggregate of $1.16 billion to shareholders in the first nine months of the fiscal year. The Company intends to return $1.25 billion to shareholders in fiscal 2018.

For fiscal 2019, NVIDIA intends to return $1.25 billion to shareholders through ongoing quarterly cash dividends and share repurchases.

Outlook

For the fourth quarter of fiscal 2018, NVIDIA is forecasting revenue to be in the range of $2.65 billion, plus or minus 2%. The Company’s GAAP and non-GAAP gross margins are expected to be 59.7% and 60.0%, respectively, plus or minus 50 basis points. During Q4 FY18, NVIDIA’s GAAP and non-GAAP operating expenses are expected to be approximately $722 million and $600 million, respectively.

Stock Performance Snapshot

December 22, 2017 – At Friday’s closing bell, NVIDIA’s stock slightly dropped 0.32%, ending the trading session at $195.27.

Volume traded for the day: 11.64 million shares.

Stock performance in the last three-month – up 14.19%; previous six-month period – up 28.34%; past twelve-month period – up 82.31%; and year-to-date – up 82.94%

After last Friday’s close, NVIDIA’s market cap was at $118.71 billion.

Price to Earnings (P/E) ratio was at 48.85.

The stock has a dividend yield of 0.31%.

The stock is part of the Technology sector, categorized under the Semiconductor – Specialized industry.

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