In the early morning of November 18, Beijing time, it was reported that Nvidia announced today the company’s third-quarter financial report for the 2022 fiscal year. The report shows that Nvidia’s third-quarter revenue was US$7.103 billion, an increase of 50% compared to US$4.726 billion in the same period last year, and an increase of 9% compared to US$6.507 billion in the previous fiscal quarter; net profit was US$2.464 billion. , An increase of 84% compared to US$1.336 billion in the same period last year, and an increase of 4% compared to US$2.374 billion in the previous fiscal quarter; net profit not in accordance with US GAAP was US$2.973 billion, compared with 18.34 in the same period last year. An increase of 62% compared to US$100 million and an increase of 13% compared to US$2.623 billion in the previous fiscal quarter.
Nvidia’s third-quarter performance exceeded Wall Street analysts’ previous expectations, and its outlook for the fourth-quarter performance of the 2022 fiscal year also exceeded expectations, driving its after-market share price to rise by nearly 3%.
Main results of the third fiscal quarter:
In the fiscal quarter ending October 31, 2021, Nvidia’s net profit was US$2.464 billion, an increase of 84% compared to the US$1.336 billion in the same period last year, and an increase of 4% compared to the US$2.374 billion in the previous fiscal quarter. %; Diluted earnings per share was US$0.97, an increase of 83% compared to US$0.53 in the same period last year, and an increase of 3% compared to US$0.94 in the previous fiscal quarter.
Excluding certain one-off items (not in accordance with US GAAP), Nvidia’s adjusted net profit for the third fiscal quarter was US$2.973 billion, an increase of 62% compared to US$1.834 billion in the same period last year. An increase of 13% from US$2.623 billion in the previous fiscal quarter; adjusted diluted earnings per share was US$1.17, an increase of 60% compared to US$0.73 in the same period last year, and an increase of 13% compared to US$1.04 in the previous fiscal quarter This performance exceeded analyst expectations. According to data provided by the Yahoo Finance Channel, 31 analysts had previously expected an average of Nvidia’s third-quarter earnings per share to reach $1.11.
Nvidia’s third-quarter revenue was $7.103 billion, an increase of 50% from $4.726 billion in the same period last year, and an increase of 9% from $6.507 billion in the previous quarter, which also exceeded analyst expectations. According to data provided by the Yahoo Finance Channel, 31 analysts had previously expected on average that Nvidia’s third-quarter revenue would reach US$6.83 billion.
Nvidia’s gross profit margin in the third fiscal quarter was 65.2%, an increase of 260 basis points compared with 62.6% in the same period last year, and an increase of 40 basis points compared with 64.8% in the previous fiscal quarter. Not in accordance with US GAAP, Nvidia’s adjusted gross profit margin for the third fiscal quarter was 67.0%, an increase of 150 basis points from 65.5% in the same period last year, and an increase of 30 basis points from 66.7% in the previous fiscal quarter.
Nvidia’s operating expenses in the third fiscal quarter were US$1.96 billion, an increase of 25% compared to US$1.562 billion in the same period last year, and an increase of 11% compared to US$1.771 billion in the previous fiscal quarter. Among them, R&D expenditure was US$1.403 billion, which was higher than US$1.047 billion in the same period of last year; sales, general affairs and administrative expenses were US$557 million, which was higher than US$515 million in the same period last year. Not in accordance with US GAAP, Nvidia’s adjusted operating expenses in the third fiscal quarter were US$1.375 billion, an increase of 25% compared to US$1.101 billion in the same period last year, and an increase of 9% compared to US$1.26 billion in the previous fiscal quarter.
Nvidia’s third-quarter operating profit was US$2.671 billion, an increase of 91% compared to US$1.398 billion in the same period last year, and an increase of 9% compared to US$2.444 billion in the previous quarter. Not in accordance with US GAAP, Nvidia’s adjusted operating profit for the third fiscal quarter was US$3.386 billion, an increase of 70% compared to US$1.993 billion in the same period last year, and an increase of 10% compared to US$3.071 billion in the previous fiscal quarter.
In the third fiscal quarter, Nvidia paid a quarterly cash dividend of $100 million. Nvidia announced that it will pay a quarterly cash dividend of $0.04 per share to all shareholders of record as of December 2, 2021 on December 23, 2021.
Performance Outlook:
Nvidia predicts that the company’s revenue in the fourth quarter of fiscal year 2022 will reach 7.40 billion US dollars, a fluctuation of 2%, exceeding analysts’ previous expectations. According to data provided by the Yahoo Finance Channel, 31 analysts had previously expected on average that Nvidia’s fourth-quarter revenue would reach US$6.86 billion.
Nvidia also predicts that in the fourth fiscal quarter of fiscal year 2022, the company’s gross profit margin in accordance with and non-according to US GAAP is expected to reach 65.3% and 67.0%, respectively, with a fluctuation of 50 basis points; operating in accordance with and non-according to US GAAP Expenses are expected to reach approximately US$2.02 billion and approximately US$1.43 billion, respectively; other expenditures in accordance with and not in accordance with US GAAP are expected to reach about US$60 million; tax rates in accordance with and not in accordance with US GAAP are expected to be 11%. Floating 1% up or down.
Stock price changes:
On the same day, Nvidia’s share price was atNasdaqIn regular trading, it closed down 9.42 US dollars to 92.61 US dollars, a decrease of 3.12%. In the subsequent after-hours trading at 4:41 pm on the 17th of the United States Eastern Time (5:41 am on the 18th, Beijing time), Nvidia’s stock price rose 8.21 US dollars to 300.82 US dollars, an increase of 2.81%. In the past 52 weeks, Nvidia’s highest price was US$305.09 and the lowest price was US$288.00.
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