NVIDIA Corp reports results for the quarter ended July 31 - Earnings Summary

• NVIDIA Corp NVDA.OQ reported quarterly adjusted earnings of $1.05​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 68 cents. The mean expectation of forty analysts for the quarter was for earnings of $1.01 per share. Wall Street expected results to range from 93 cents to $1.11 per share.

• Revenue rose 55.6% to $46.74 billion from a year ago; analysts expected $46.06 billion.

• NVIDIA Corp's reported EPS for the quarter was $1.08​.

• The company reported quarterly net income of $26.42 billion.

• NVIDIA Corp shares had risen by 15.1% this quarter and gained 35.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 58 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for NVIDIA Corp is $200.00, about 9.1% above its last closing price of $181.77

This summary was machine generated from LSEG data August 27 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)