NASDAQ$NVDA

NVIDIA Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported record revenue, driven by strong growth in Gaming, Data Center, and Professional Visualization market platforms.

NVIDIA reported record revenue for the third quarter of fiscal year 2022, with significant growth in key market platforms. The company's GAAP and non-GAAP earnings per share both increased compared to the previous year.

  • Record revenue of $7.10 billion, up 50% year-over-year.
  • Record Data Center revenue of $2.94 billion, up 55% year-over-year.
  • Record Gaming revenue of $3.22 billion, up 42% year-over-year.
  • GAAP earnings per diluted share were $0.97, up 83% year-over-year.

Headline financials

Total Revenue

$7.1B

Previous: $4.73B+50.3%
EPS (adj)

$0.12

Previous: $0.07+60.3%
Non-GAAP Gross Margin

67.0%

Previous: 65.5%+2.3%
GAAP Gross Margin

65.2%

Previous: 62.6%+4.2%
Free Cash Flow

$2.46B

Previous: $1.34B+84.4%
Net Income

$2.46B

Previous: $1.34B+84.4%
Operating Income

$2.67B

Previous: $1.4B+91.1%
Gross Profit

$4.63B

Previous: $2.96B+56.5%
Cash & Equivalents

$1.29B

Previous: $2.25B-42.8%
Total Assets

$40.6B

Previous: $26.9B+51.2%
Stock-Based Comp

$559M

Previous: $383M+46.0%

Revenue & EPS history

NVIDIA · Revenue · Quarterly

$7.1B

Q3 2022+50.3%vs Q3 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

NVIDIA · $6.87B total across 4 segments · Q3 2022

  • Graphics
    $3.22B+41.9%
  • Data Center
    $2.94B+54.7%
  • Professional Visualization
    $577M+144.5%
  • Automotive
    $135M+8.0%

Forward guidance

NVIDIA's outlook for the fourth quarter of fiscal 2022 includes revenue of $7.40 billion, plus or minus 2 percent, and GAAP and non-GAAP gross margins of 65.3 percent and 67.0 percent, respectively, plus or minus 50 basis points.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+1.9%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+4.0%

Avg return

30 days after

55%

39 / 71 earnings

Positive

+25.7%

Q3 2017

Best reaction

-16.6%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-1.0%
Q4 2026-1.7%-7.9%-14.3%
Q3 2026-7.6%-4.7%-3.0%
Q2 2026+1.7%-6.0%-1.9%
Q1 2026+3.0%+4.8%+17.0%
Q4 2025-8.5%-11.6%-16.5%
Q3 2025-0.2%-7.5%-8.4%
Q2 2025-8.3%-7.0%-5.4%
Q1 2025-0.5%+11.6%+32.7%
Q4 2024+13.1%+13.9%+35.8%
Q3 2024-3.4%-5.2%-2.8%
Q2 2024+3.3%+2.6%-8.9%
Q1 2024+23.8%+26.9%+37.5%
Q4 2023+14.5%+13.8%+29.6%
Q3 2023-5.9%-8.1%-0.6%
Q2 2023+4.2%-8.0%-27.2%
Q1 2023+10.5%+16.4%+6.0%
Q4 2022-7.5%-10.8%-0.2%
Q3 2022+4.9%+5.8%-8.0%
Q2 2022+1.7%+12.8%+12.6%
Q1 2022-1.0%+3.8%+21.6%
Q4 2021-5.9%-2.1%-9.2%
Q3 2021+0.1%-2.1%-1.1%
Q2 2021-1.0%+3.7%-0.6%
Q1 2021+0.7%-2.8%+3.2%
Q4 2020+6.3%+8.8%-11.6%
Q3 2020-2.1%-0.3%+7.4%
Q2 2020+6.4%+11.9%+21.2%
Q1 2020-2.0%-2.8%-9.4%
Q4 2019+2.9%+2.5%+11.1%
Q3 2019-16.6%-24.4%-25.7%
Q2 2019-5.6%-2.2%+6.7%
Q1 2019-0.5%-4.0%+2.5%
Q4 2018+1.4%+1.7%+7.2%
Q3 2018+3.3%+2.4%-8.4%
Q2 2018-9.3%-3.0%-4.9%
Q1 2018+17.9%+24.4%+55.6%
Q4 2017-4.4%-8.3%-16.4%
Q3 2017+25.7%+23.2%+31.2%
Q2 2017+8.2%+7.0%+1.7%
Q1 2017+13.1%
Q4 2016+11.3%
Q3 2016+12.6%
Q2 2016+11.7%
Q1 2016-5.8%
Q4 2015+6.4%
Q3 2015-1.7%
Q2 2015+7.7%
Q1 2015-1.9%
Q4 2014+6.8%
Q3 2014+4.4%
Q2 2014-0.8%
Q1 2014+4.6%
Q4 2013+2.4%
Q3 2013-3.3%
Q2 2013+2.7%
Q1 2013+5.7%
Q4 2012+1.3%
Q3 2012+4.6%
Q2 2012+4.4%
Q1 2012-8.1%
Q4 2011+1.1%
Q3 2011+4.1%
Q2 2011-7.9%
Q1 2010-0.8%
Q1 2011-1.1%
Q4 2008-4.7%
Q3 2009-4.6%
Q3 2010-4.6%
Q2 2010+5.7%
Q2 2009+5.7%

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