Nvidia Earnings Preview: Analyst Expectations and Key Metrics to Watch

Nvidia's Strong Performance in 2024

Nvidia's stock (NVDA) has surged by a remarkable 160% in 2024, accounting for approximately 25% of the S&P 500's year-to-date return of 18%. This exceptional performance has placed significant focus on the upcoming release of the company's second-quarter earnings report.

Upcoming Earnings Report

Nvidia's second fiscal-quarter earnings report is scheduled to be released on Wednesday, August 28, 2024, after market close. Analysts are eagerly anticipating the report, as it could have a significant impact on the company's market value.

Wall Street Expectations

• Revenue: $8.1 billion, up 25% year-over-year
• Earnings per share: $0.75, up 50% year-over-year
• Data center revenue: $3.5 billion, up 30% year-over-year
• Gaming revenue: $4.0 billion, up 20% year-over-year

Key Metrics to Watch

In addition to the headline numbers, investors will also be paying close attention to the following key metrics:

• Gross margins
• Operating expenses
• Free cash flow
• Forecast for the upcoming quarter

AI Driving Growth

Nvidia's success in 2024 has been largely driven by the growing demand for artificial intelligence (AI). The company's graphics processing units (GPUs) are essential for training and deploying AI models, which are used in a wide range of applications, from self-driving cars to medical diagnostics.

Conclusion

Nvidia's second-quarter earnings report is highly anticipated by investors. The company's strong performance in 2024 has raised expectations, and any deviation from those expectations could have a significant impact on the stock price. Investors will be closely monitoring the company's revenue, earnings, and key metrics as they assess its future prospects.